Enrich, the benefits and reward company formed from the group risk business of Gissings, is launching a pensions service two years after the organisation was cut in two by a MBO.
Following the buyout from Gissings in October 2007, Enrich remained under a non-compete agreement not to enter the pensions market for a period of two years.
The firm says the new pensions service will allow clients to offer a full range of reward and benefits solutions. The Enrich pensions offering will focus on DC solutions and transfers away from DB legacy schemes and will encompass a range of consultancy advice, including pension scheme governance, salary sacrifice, scheme review, investment advice, consolidation, corporate wrap and member modelling tools.
Gissings Consultancy Services, the pensions arm of the business, was bought by Capita Hartshead last June. Andrew Kilbey, the managing director who led the MBO on behalf of Enrich, left the firm several months ago.