Dentons acquires MAB Pensions Limited

Dentons Pensions has acquired MAB Pensions Limited, part of the Michael Ambrose Group (MAB), the Leicester based financial advice and pension administration providers.

This acquisition will see Dentons add approximately 105 SSAS plans to its existing book now totalling over 1,200 SSAS and 7,500 SIPP high net worth clients. This follows on from Dentons previous acquisition of the SIPP book from MAB Pensions Limited in 2014.

Ian Stewart, Joint Managing Director at Dentons said:

"We have made no secret that we are an acquisitive firm, but it has to be for the right business or  book of business. We were therefore pleased that following the successful acquisition of the MAB SIPP book in 2014, they came to us again when they were looking to find the right home for their SSAS administration business.

It is a perfect fit for us as both companies offer the same underlying ethos of placing the client at the heart of everything we do.

We remain committed to the self invested pension market and this is the second acquisition that we have made in 2021, following on from the successful integration of Brown Shipley's pension administration business and professional trustee company.”

Michael Watson, Director of Michael Ambrose Limited said:

This was a very difficult decision to make as we have provided pension administration services to our SSAS customers for many years and value their custom, financial wellbeing and security above all. However, having made the decision in the best interests of all, we were determined to find the right administrator who shares our commitment to bespoke, high administration standards and practice."

"Having successfully transferred our SIPP book to Dentons Pensions and seen how well that has gone for the clients we advise, we firmly believe that it is also the right choice to meet our customers' SSAS needs in the future."

David Fox, Director of Sales and Marketing, Dentons Pensions, concluded:

"This acquisition, in addition to the recent purchase of the Brown Shipley pension business, has consolidated Dentons’ position as the provider of choice for Wealth Managers looking for a partner to provide SIPP and SSAS administration services to their clients."