UAP said the acquisition would enhance UAP’s scale and capabilities – with the business becoming one of the largest pension providers in Guernsey, employing more than 50 people across the group.
‘Our company core values of challenging the status quo, working for our partners and doing things better have been built on our desire to deliver the best client experience.
‘We are a client-focused business, delivering modern solutions through easy-to-use technology’, said Rob Shipman, group chief executive officer and founder of UAP.
‘The acquisition of Concept brings UAP a prestigious and globally recognised pension brand, Aurora, while also adding significant scale to the UAP business.
‘By combining the innovative technological solutions of UAP with the expertise and strong reputation of Concept, we will be in a perfect position to continue enhancing our service while developing new and innovative solutions for the benefit of our clients.
‘Expansion is our focus. We have exciting plans for additional acquisitions in the next 12 months which will further strengthen our offering.’
As part of the deal, it was announced that Concept’s managing director Roger Berry will become a non-executive director of UAP, alongside Concept’s current non-executive director Lyndon Trott.
Kevin Le Moigne will continue as group operational director while UAP’s James Floyd will move into the role of group commercial director.
‘We value the experience of the whole team at Concept and look forward to a successful future,’ said Mr Shipman.