FCA approves Broadstone Blythwood acquisition

The Financial Conduct Authority has approved the acquisition of Blythwood Group by independent pensions and investment advisers Broadstone.

The new business will be branded Broadstone Risk and Healthcare Limited and will continue to operate from the Blythwood offices in Falkirk.

First announced on 12 December last year, the acquisition finally went through on 7 March.

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The deal represents the third rival bought out by Broadstone, which previously acquired Pope Anderson LLP and the UBS corporate pensions business.

Now employing 220 people across the UK, Broadstone said in a statement that the acquisition will further strengthen its corporate benefits offering.