Gallagher Employee Benefits Announces Drive for Exponential Growth in UK Market
Gallagher Employee Benefits has set its sights on growth in the UK following the sale of its DB pension administration and actuarial service in March.
"The UK offers considerable consolidation opportunities and as RDR bites we expect the number of sellers to increase" says Chief Executive Tim Johnson.
"We have finished consolidating our acquisition of Heath Lambert Consulting and are now actively looking for new acquisition opportunities in the employee benefits and IFA sectors. We see the UK as a key growth area and expect a number of advisers to be looking for a larger partner as they suffer from lack of cash flow and available capital as traditional commission streams dry up" adds Johnson.