WestBridge SSAS Acquire James Hay SSAS business
WestBridge SSAS are delighted to announce that we have expanded the company following the acquisition of a book of small self-administered schemes from financial services provider James Hay.
The James Hay SSAS book has been soft closed for some time, with the last scheme taken on in 2018. Since then, James Hay has strengthened its focus on self-invested personal pension platform business.
The acquisition will see us acquire a book of almost 1,000 schemes and we will continue to employ staff based at the James Hay offices in Bristol which will now be rebranded WestBridge SSAS.
Richard Rowney, chief executive officer at James Hay, said: “Westbridge SSAS’s specialism makes them a good long-term owner of our SSAS business, and we’re particularly pleased they value the skills and experience of our colleagues that are transferring over.
Improving the experience for members & intermediaries
“The sale keeps us focused on our core aim of creating a financial planning and retirement focused adviser platform, with the scale to enable greater investment in technology, products and service to meet the needs of advisers and their clients.”
Martin Tilley, technical director at Westbridge SSAS, added: “We’re pleased to be taking on the SSAS schemes currently managed by James Hay, and especially welcome our new colleagues to the team.
“Combining our ambition, with their specialist skills and experience in this complex area of retirement provision, will enable us to develop the book and improve the experience of both the members and their intermediaries.”
In October 2019, Obsidian SSAS rebranded to WestBridge SSAS following a restructure of the business.