Punter Southall acquires Enrich Reward

EXCLUSIVE: Punter Southall Health and Protection has acquired employee benefits consultancy Enrich Reward.

The acquisition was completed on 18 March for 100% of the share value and an undisclosed sum.

Combined with Enrich Reward, Punter Southall Health and Protection Consulting (PSHPC) will now advise more than 670 employers, representing more than £100 million of insurance premiums.

Over the next few months, the combined management teams will integrate Enrich’s pensions business with Punter Southall Defined Contribution Consulting.

John Dean, sales and marketing director at PSHPC, who was also previously managing director of Enrich Reward (pictured), said: “One of the key factors for us in this acquisition has been the strong strategic fit between the two businesses.

“The new, combined business now has the scale, technology and influence to further deliver leading customer service and consulting value across the UK.”

Gordon Wright, chief executive of Enrich Reward, said: “We are delighted to be joining forces with PSHPC and appreciate this investment in Enrich, which will allow further [employer] service developments and provide a wider range of pensions, investment and wealth management services to the Enrich [employer] client base.”