Standard Life in major advice play with purchase of £1bn-assets Pearson Jones

Jenna Towler
clock

Standard Life has declared its intention to build a major national financial advice business by agreeing to acquire wealth management firm Pearson Jones from Skipton Building Society.

The provider, which as recently as 2010 owned stakes in two financial advisory brands but sold them to put "clear blue water" between itself as a provider and advisers, said the launch was in response to customer demand brought on by the pension flexibilities announced at Budget 2014. The acquisition of Pearson Jones for an undisclosed sum will bring in assets under advice of £1.1bn as well as a total of 39 advisers and paraplanners. The outfit is currently an independent operation but will become restricted once the takeover is complete.  Standard Life's Steve Murray will lead the...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on Pensions

Sipps: How clients can avoid common retirement planning mistakes

Sipps: How clients can avoid common retirement planning mistakes

'Retirement planning stands as a cornerstone of long-term financial well-being'

James Floyd
clock 28 April 2025 • 4 min read
Origo completes pensions dashboard connection

Origo completes pensions dashboard connection

Completed connection ahead of this week’s first deadline

Holly Roach
clock 28 April 2025 • 2 min read
HMRC repays £44m in overpaid pensions tax during Q1 2025

HMRC repays £44m in overpaid pensions tax during Q1 2025

More than £1.4bn in overpaid pensions tax recouped since 2015

Martin Richmond
clock 28 April 2025 • 3 min read