JLT Benefits Solutions has acquired Portland Pensions.
The third party pensions administrator, which employs approximately 70 people and has offices in Bristol and Redditch, will be fully integrated in to JLT’s administration division.
Duncan Howarth, managing director at JLT, said: “This move brings benefits for all involved, we look forward to supporting Portland’s clients with in-depth technical and regulatory support. As a growing organisation, JLT can offer employees roles, career opportunities, training and development.
“The deal will also increase the size of our workforce and its administration capability as well as increasing our pool of administration experts.”
John Gartshore, managing director at Portland, said he is looking forward to working with JLT.