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HR and Pensions M&A - Isio

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href="https://www.isio.com/what-we-do/pensions/secretarial-and-outsourced-pensions/">Secretarial &amp; outsourced pension management</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/pensions/db-consolidation/">DB consolidation</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/pensions/settlement/">Insurance &amp; risk settlement</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/pensions/regulatory-risk-rectification/">Pension remediation</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/pensions/operational-solutions/">Operational solutions</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/pensions/hr-and-pensions-ma/">HR and pensions 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href="https://www.isio.com/what-we-do/benefits/employee-support-and-financial-wellbeing/">Employee support &amp; financial wellbeing</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/benefits/pay-modelling/">Pay modelling</a></li> </ul> <div class="pt-3 xl:pt-4 mt-auto"> <a href="https://www.isio.com/what-we-do/benefits/" class="view-all-link">All benefits services</a> </div> </div> <div class="flex flex-col"> <ul> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/private-capital/">Private Capital</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/investment/dc-investment/">DC investment</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/db-investment/">DB investment</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/investment/liability-hedging-and-ldi/">Liability hedging &amp; LDI</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/investment/investment-manager-research/">Investment manager research </a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/investment/sustainable-investment/">Sustainable investment</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/investment/fiduciary-management-oversight/">Fiduciary management oversight</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/investment/buy-ins-and-buy-outs/">Buy-ins and buy-outs</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/investment/i-flo/">i-FLO</a></li> </ul> <div class="pt-3 xl:pt-4 mt-auto"> <a href="https://www.isio.com/what-we-do/investment/" class="view-all-link">All investment services</a> </div> </div> <div class="flex flex-col"> <ul> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/wealth/wealth-management/">Wealth management</a></li> <li><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/what-we-do/wealth/member-advice/">Member advice</a></li> </ul> <div class="pt-3 xl:pt-4 mt-auto"> <a href="https://www.isio.com/what-we-do/wealth/" class="view-all-link">All wealth services</a> </div> </div> </div> </div> <div class="pb-8 pt-4 w-full"><button class="close-mega-menu mx-auto block"> <svg xmlns="http://www.w3.org/2000/svg" width="21" height="21" viewBox="0 0 21 21" fill="none"> <path d="M1 1L19.5 19.5" class="stroke-white" stroke-width="2" stroke-linecap="round"/> <path d="M20 1L1.5 19.5" class="stroke-white" stroke-width="2" stroke-linecap="round"/> </svg></button></div> </div> </section> </li><li class='flex items-center has-mega-menu menu-item menu-item-type-post_type menu-item-object-page'><div class="relative flex items-center h-full menu-link-wrapper"><a href="https://www.isio.com/solutions/">Solutions for you</a></div> <section class="mega-menu hidden bg-brandGreen text-white shadow-lg"> <div> <div class="container"> <div class="grid grid-cols-4 gap-20"> <div class="flex flex-col"> <div class="text-xl pt-4 pb-3 font-normal">Trustees</div> <p class="leading-6 text-base font-light xl:text-lg xl:leading-6">Collaborative, clear advice to power informed and effective decision-making.</p> <div class="pt-5 mt-auto"> <a href="https://www.isio.com/solutions/trustees/" class="view-all-link">View more</a> </div> </div> <div class="flex flex-col"> <div class="text-xl pt-4 pb-3 font-normal">Employers</div> <p class="leading-6 text-base font-light xl:text-lg xl:leading-6">Strategic solutions for employers with ambition.</p> <div class="pt-5 mt-auto"> <a href="https://www.isio.com/solutions/employers/" class="view-all-link">View more</a> </div> </div> <div class="flex flex-col"> <div class="text-xl pt-4 pb-3 font-normal">Individuals</div> <p class="leading-6 text-base font-light xl:text-lg xl:leading-6">Building a better financial future for everyone.</p> <div class="pt-5 mt-auto"> <a href="https://www.isio.com/solutions/individuals/" class="view-all-link">View more</a> </div> </div> <div class="flex flex-col"> <div class="text-xl pt-4 pb-3 font-normal">Are you a pension scheme member?</div> <p class="text-base">If you are a member of a pension scheme or you are looking for information about your pension, please visit YourIsio.com</p> <div class="pt-5 mt-auto"> <a href="https://www.yourisio.com/" class="text-base pt-2 small-arrow arrow-white underline">Visit YourIsio.com</a> </div> </div> </div> <div class="pb-8 pt-4 w-full"><button class="close-mega-menu mx-auto block"> <svg xmlns="http://www.w3.org/2000/svg" width="21" height="21" viewBox="0 0 21 21" fill="none"> <path d="M1 1L19.5 19.5" class="stroke-white" stroke-width="2" stroke-linecap="round"/> <path d="M20 1L1.5 19.5" class="stroke-white" stroke-width="2" stroke-linecap="round"/> </svg></button></div> </div> </section> </li><li class='flex items-center has-mega-menu menu-item menu-item-type-post_type menu-item-object-page'><div class="relative flex items-center h-full menu-link-wrapper"><a href="https://www.isio.com/digital/">Digital services</a></div><section class="mega-menu hidden bg-brandGreen text-white"> <div class="lg:container md:mx-2 lg:mx-auto"> <div class="grid grid-cols-[290px,_10px_,1fr,_auto] xl:grid-cols-[300px,_10px_,1fr,_auto] justify-between"> <div x-data class="intro-text pt-8 w-[300px] pr-7"> <h2 class="text-2xl xl:text-4xl font-semibold mb-8">Digital services</h2> <p class="leading-6 2xl:leading-6 font-light text-base 2xl:text-lg ">Solutions that combine deep pensions expertise with digital prowess.</p> </div> <div class="vertical-divider"></div> <ul class="columns-2 gap-x-10 pt-12 pl-[3cqw] pr-5"> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/digital/digital-product-development/">Digital product development</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/digital/data-services/">Data services</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/digital/digital-transformation-and-change/">Digital transformation and change</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/digital/member-engagement/">Member engagement</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/digital/quantitative-development-services/">Quantitative development services</a></li> </ul> <div> <div class="mega-menu-image w-[350px]"> </div> </div> <div></div> <div class="vertical-divider"></div> <div class="pb-8 pt-4 w-full"><button class="close-mega-menu mx-auto block"> <svg xmlns="http://www.w3.org/2000/svg" width="21" height="21" viewBox="0 0 21 21" fill="none"> <path d="M1 1L19.5 19.5" class="stroke-white" stroke-width="2" stroke-linecap="round"/> <path d="M20 1L1.5 19.5" class="stroke-white" stroke-width="2" stroke-linecap="round"/> </svg></button></div> </div> </div> </section> </li><li class='flex items-center has-mega-menu menu-item menu-item-type-custom menu-item-object-custom'><div class="relative flex items-center h-full menu-link-wrapper"><a href="/insights">Insights</a></div><section class="mega-menu hidden bg-brandGreen text-white"> <div class="lg:container md:mx-2 lg:mx-auto"> <div class="grid grid-cols-[290px,_10px_,1fr,_auto] xl:grid-cols-[300px,_10px_,1fr,_auto] justify-between"> <div x-data class="intro-text pt-8 w-[300px] pr-7"> <h2 class="text-2xl xl:text-4xl font-semibold mb-8">Insights</h2> <p class="leading-6 2xl:leading-6 font-light text-base 2xl:text-lg ">The big issues facing our industry.</p> </div> <div class="vertical-divider"></div> <ul class="columns-2 gap-x-10 pt-12 pl-[3cqw] pr-5"> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/insights/us-election-result-what-does-this-mean-for-markets-and-investors/">US election result: what does this mean for markets and investors?</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/insights/the-key-takeaways-from-a-highly-anticipated-budget/">The key takeaways from a highly anticipated Budget</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/insights/lgps-england-wales-low-risk-funding-index-30-september-2024-results/">LGPS (England &amp; Wales) Low-Risk Funding Index: 30 September 2024 results</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/news/isio-quarterly-october-2024/">Isio Quarterly October 2024</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/news/isio-acquires-k3-advisory-to-bolster-risk-settlement-capabilities/">Isio acquires K3 Advisory to bolster risk settlement capabilities</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/insights/changing-dynamics-for-in-house-pensions-managers/">Changing dynamics for in-house pensions managers</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/insights/royal-mail-delivers-a-return-to-collectivism/">Royal Mail delivers a return to collectivism</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/insights/royal-londons-entry-into-the-bulk-annuity-market/">Get your benefits right or risk losing top talent</a></li> </ul> <div> <div class="mega-menu-image w-[350px]"> <a class="image-link" href="https://www.isio.com/2024/02/29/outpacing-change/"> <div class="relative overflow-hidden object-cover w-full h-[220px]"> <img width="366" height="187" src="https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail-366x187.png" class="w-full h-full object-cover" alt="" decoding="async" fetchpriority="high" srcset="https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail-366x187.png 366w, https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail-300x153.png 300w, https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail-1024x523.png 1024w, https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail-768x392.png 768w, https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail-1536x784.png 1536w, https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail-720x368.png 720w, https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail-95x49.png 95w, https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail-354x181.png 354w, https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail-980x500.png 980w, https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail-170x87.png 170w, https://www.isio.com/app/uploads/2024/02/Outpacing-change-thumbnail.png 1735w" sizes="(max-width: 366px) 100vw, 366px" /> <div class="absolute bottom-0 left-0 px-5 py-1 bg-white/80"> <span class="text-base text-brandGreen font-semibold uppercase">post</span> <span class="text-base 2xl:text-lg pl-6 text-black">Outpacing change</span> </div> </div> </a> <a class="featured-link" href="https://www.isio.com/2024/02/29/outpacing-change/">Outpacing change</a> </div> </div> <div></div> <div class="vertical-divider"></div> <div class="pb-8 pt-4 w-full"><button class="close-mega-menu mx-auto block"> <svg xmlns="http://www.w3.org/2000/svg" width="21" height="21" viewBox="0 0 21 21" fill="none"> <path d="M1 1L19.5 19.5" class="stroke-white" stroke-width="2" stroke-linecap="round"/> <path d="M20 1L1.5 19.5" class="stroke-white" stroke-width="2" stroke-linecap="round"/> </svg></button></div> </div> </div> </section> </li><li class='flex items-center has-mega-menu menu-item menu-item-type-post_type menu-item-object-page'><div class="relative flex items-center h-full menu-link-wrapper"><a href="https://www.isio.com/about-us/">About us</a></div><section class="mega-menu hidden bg-brandGreen text-white"> <div class="lg:container md:mx-2 lg:mx-auto"> <div class="grid grid-cols-[290px,_10px_,1fr,_auto] xl:grid-cols-[300px,_10px_,1fr,_auto] justify-between"> <div x-data class="intro-text pt-8 w-[300px] pr-7"> <h2 class="text-2xl xl:text-4xl font-semibold mb-8">Find out more about Isio</h2> <p class="leading-6 2xl:leading-6 font-light text-base 2xl:text-lg ">An industry-leading challenger, providing Pensions, Benefits, Investment and Wealth services – ensuring better outcomes for our clients.</p> </div> <div class="vertical-divider"></div> <ul class="columns-2 gap-x-10 pt-12 pl-[3cqw] pr-5"> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/about-us/our-vision-and-values/">Our vision and values</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/about-us/sustainability/">Sustainability</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/inclusion-diversity-and-equity/">Inclusion & belonging</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/about-us/client-success-stories/">Client success stories</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/news/">News</a></li> </ul> <div> <div class="mega-menu-image w-[350px]"> <a class="image-link" href="https://www.isio.com/insights/isio-insights-maximising-value-from-employee-benefits/"> <div class="relative overflow-hidden object-cover w-full h-[220px]"> <img width="366" height="153" src="https://www.isio.com/app/uploads/2023/11/image_2023-11-13_111029142.jpg" class="w-full h-full object-cover" alt="" decoding="async" srcset="https://www.isio.com/app/uploads/2023/11/image_2023-11-13_111029142.jpg 1920w, https://www.isio.com/app/uploads/2023/11/image_2023-11-13_111029142-300x125.jpg 300w, https://www.isio.com/app/uploads/2023/11/image_2023-11-13_111029142-1024x427.jpg 1024w, https://www.isio.com/app/uploads/2023/11/image_2023-11-13_111029142-768x320.jpg 768w, https://www.isio.com/app/uploads/2023/11/image_2023-11-13_111029142-1536x640.jpg 1536w" sizes="(max-width: 366px) 100vw, 366px" /> <div class="absolute bottom-0 left-0 px-5 py-1 bg-white/80"> <span class="text-base text-brandGreen font-semibold uppercase">insight</span> </div> </div> </a> <a class="featured-link" href="https://www.isio.com/insights/isio-insights-maximising-value-from-employee-benefits/">Maximising value from employee benefits</a> </div> </div> <div></div> <div class="vertical-divider"></div> <div class="pb-8 pt-4 w-full"><button class="close-mega-menu mx-auto block"> <svg xmlns="http://www.w3.org/2000/svg" width="21" height="21" viewBox="0 0 21 21" fill="none"> <path d="M1 1L19.5 19.5" class="stroke-white" stroke-width="2" stroke-linecap="round"/> <path d="M20 1L1.5 19.5" class="stroke-white" stroke-width="2" stroke-linecap="round"/> </svg></button></div> </div> </div> </section> </li><li class='flex items-center has-mega-menu menu-item menu-item-type-post_type menu-item-object-page'><div class="relative flex items-center h-full menu-link-wrapper"><a href="https://www.isio.com/our-people/">Our people</a></div><section class="mega-menu hidden bg-brandGreen text-white"> <div class="lg:container md:mx-2 lg:mx-auto"> <div class="grid grid-cols-[290px,_10px_,1fr,_auto] xl:grid-cols-[300px,_10px_,1fr,_auto] justify-between"> <div x-data class="intro-text pt-8 w-[300px] pr-7"> <h2 class="text-2xl xl:text-4xl font-semibold mb-8">Meet our amazing teams</h2> <p class="leading-6 2xl:leading-6 font-light text-base 2xl:text-lg ">Leading the way to a better, more progressive pensions industry.</p> </div> <div class="vertical-divider"></div> <ul class="columns-2 gap-x-10 pt-12 pl-[3cqw] pr-5"> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/our-people/?department=13">Actuarial and consulting</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/our-people/?department=10">Pensions administration</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/our-people/?department=18">Investment advisory</a></li> <li class="pt-1.5 break-inside-avoid "><a class="font-light text-base xl:text-lg leading-5.5 xl:leading-5.5" href="https://www.isio.com/our-people/?department=11">Reward and benefits</a></li> <li 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class="entry-content prose prose-neutral max-w-none prose-a:text-primary"> <section class=" bg-brandGreen "> <div class="page-header relative bg-no-repeat no-header-image "> <div class="container pb-14 pt-5 md:pt-14 lg:py-0 relative flex h-full items-center "> <div class="breadcrumb hidden lg:block absolute top-3.5 "> <span><span class="bc-link"><a href="https://www.isio.com/">Home</a></span> <span class="bc-seperator">»</span> <span class="bc-link"><a href="https://www.isio.com/what-we-do/">What we do</a></span> <span class="bc-seperator">»</span> <span class="bc-link"><a href="https://www.isio.com/what-we-do/pensions/">Pensions</a></span> <span class="bc-seperator">»</span> <span class="breadcrumb_last" aria-current="page">HR and Pensions M&#038;A</span></span> </div> <div class="max-w-[600px] text-white flex-col text-left pt-16 pb-8 lg:pt-28 lg:pb-20"> <div class="headings flex flex-col-reverse gap-2"> <h1 class="mb-4 h1"> HR and pensions M&#038;A </h1> </div> <p class="text-xl lg:text-2xl;">Creating clarity for buyers and sellers around people and pensions issues, enabling them to manage risks and potential costs with confidence. </p> </div> </div> </div> </section> <section class="text-wrapper text-block medium-width "> <div class="container"> <div class="acf-innerblocks-container"> <h2 class="wp-block-heading" id="h-about-us">About us</h2> <p>Building on our Big Four heritage, our practitioners have near unparalleled experience. We advise on over 50 transaction projects every year.</p> <p>We treat each transaction individually, considering their unique set of circumstances and listening to our client’s priorities. The team offers a bespoke, data-driven approach to HR due diligence with an emphasis on the financial implications. And our pensions due diligence addresses some of the largest liabilities and most complex issues. Our M&amp;A team is devoted exclusively to pensions and HR, ensuring these crucial aspects remain a strategic priority, rather than something that comes to light later in the process – potentially at substantial extra cost.</p> </div> </div> </section> <section class="pullout-bar"> <div class="bar borderBoth"> <div class="tile animate-me transparent move-up step-1"> <div class="img_wrap"> <img decoding="async" src="https://www.isio.com/app/uploads/2023/11/team-1-1.png" alt="Icon goes here"> </div> <div class="content_wrap"> <p>Highly experienced team of M&#038;A practitioners with a Big Four heritage</p> </div> </div> <div class="tile animate-me transparent move-up step-2"> <div class="img_wrap"> <img decoding="async" src="https://www.isio.com/app/uploads/2023/11/Building-e1700566930172.png" alt="Icon goes here"> </div> <div class="content_wrap"> <p>Hands-on knowledge advising 50+ corporate transactions each year</p> </div> </div> <div class="tile animate-me transparent move-up step-3"> <div class="img_wrap"> <img decoding="async" src="https://www.isio.com/app/uploads/2023/11/Handshake.png" alt="Icon goes here"> </div> <div class="content_wrap"> <p>Dedicated insight on HR, pensions and benefits</p> </div> </div> <div class="tile animate-me transparent move-up step-4"> <div class="img_wrap"> <img decoding="async" src="https://www.isio.com/app/uploads/2023/11/thinking.png" alt="Icon goes here"> </div> <div class="content_wrap"> <p>Expert in dealing with the most complex of pension issues</p> </div> </div> <div class="tile animate-me transparent move-up step-5"> <div class="img_wrap"> <img decoding="async" src="https://www.isio.com/app/uploads/2023/11/target.png" alt="Icon goes here"> </div> <div class="content_wrap"> <p>Targeted, data-driven approach to HR due diligence</p> </div> </div> <div class="tile animate-me transparent move-up step-6"> <div class="img_wrap"> <img decoding="async" src="https://www.isio.com/app/uploads/2023/11/trio-e1701174387273.png" alt="Icon goes here"> </div> <div class="content_wrap"> <p>Support with post-signing services, such as trustee negotiations</p> </div> </div> </div> </section> <div class="spacer bg-white tiny"></div> <section class="wrapper-with-background bg-grey-dient "> <div class="s-background"> <div class="acf-innerblocks-container"> <section class="two-column-text-media-wrapper max-w-[1920px] mx-auto text-block bg-transparent noS text-right"> <div class="two-column-text-media md:container md:flex-row mediaCover flex items-center"> <div class="media-wrapper animate-me md:move-up md:transparent squared"> <img decoding="async" src="https://www.isio.com/app/uploads/2023/11/2022_12_07_ISIO_Shot_03_186-scaled.jpg" alt=""/> </div> <div class="text-column container standard"> <h2 class="text-brandGreen-100 mb-2">Setting up every transaction for success</h2> <div class="cms-text mt-4 text-brandGrey-100"> <p>Defined benefit pension plans can be among the largest items on a company’s balance sheet. And the most volatile.</p> <p>Our experienced M&amp;A practitioners have advised on hundreds of transactions involving UK DB pension plans, including those with some of the largest liabilities and most complex issues. We help buyers understand the likely future costs of sponsoring a plan, as well as how to effectively engage with trustees and minimise regulatory risk.</p> <p>We know that broader people issues also have a significant impact on the overall success of a transaction. Our HR diligence services get you ready to address the key issues right from the outset – whether that relates to transaction-related payments, employee retention, benefit harmonisation or any other HR issue.</p> <p>&nbsp;</p> </div> </div> </div> </section> <section class="two-column-text-media-wrapper max-w-[1920px] mx-auto text-block bg-transparent noS text-left"> <div class="two-column-text-media md:container md:flex-row-reverse mediaCover flex items-center"> <div class="media-wrapper animate-me md:move-up md:transparent squared"> <img decoding="async" src="https://www.isio.com/app/uploads/2023/11/image_2023-11-21_094103913.jpg" alt=""/> </div> <div class="text-column container standard"> <h2 class="text-brandGreen-100 mb-2">Providing pensions diligence</h2> <div class="cms-text mt-4 text-brandGrey-100"> <p>We assess and quantify the key financial and regulatory risks posed by pension arrangements. Then we set out strategies to minimise or mitigate them.</p> <p>Some of the main diligence areas can include:</p> <ul> <li>Net Debt and Quality of Earnings analysis</li> <li>Employer covenant impact</li> <li>Commercial negotiations, such as over SPA detail or pricing</li> <li>Trustee (and Regulator) engagement</li> </ul> <p>&nbsp;</p> </div> </div> </div> </section> <section class="two-column-text-media-wrapper max-w-[1920px] mx-auto text-block bg-transparent noS text-right"> <div class="two-column-text-media md:container md:flex-row mediaCover flex items-center"> <div class="media-wrapper animate-me md:move-up md:transparent squared"> <img decoding="async" src="https://www.isio.com/app/uploads/2023/11/bg-our-people.webp" alt=""/> </div> <div class="text-column container standard"> <h2 class="text-brandGreen-100 mb-2">Covering your HR diligence needs</h2> <div class="cms-text mt-4 text-brandGrey-100"> <p>Each transaction comes with different HR and benefit challenges. This is why we conduct interviews with target HR directors and executives, to get to the crux of the HR issues. We’ll also work with you to understand your priorities and vary our focus accordingly.</p> <p>Our comprehensive approach involves: quantitative analysis of benefits; transaction-related payments to employees; and employee data. All this sits alongside our qualitative analysis of organisational design and other HR issues, and is supported by commentary on market and industry norms.</p> <p>We can also partner with business separation teams to manage stand-up of HR systems, policies, benefits and associated administration, prior to the transaction completing.</p> <p>&nbsp;</p> </div> </div> </div> </section> </div> </div> </section> <div class="get-in-touch md:h-[250px] bg-no-repeat bg-bottom xl:bg-left-bottom bg-brandGreen-light py-14 md:py-0"> <div class="container text-white flex flex-col md:flex-row items-center space-between h-full"> <div class="flex flex-col xl:flex-row items-center md:items-start xl:items-center"> <h2 class="text-left text-5xl xl:basis-[400px] mb-8 xl:mb-0">Get in touch</h2> <p class="text-2xl px-5 md:px-0 xl:basis-[320px] mb-6 md:mb-0">Let us help you get on top of your pensions and HR challenges.</p> </div> <div class="flex flex-col xl:flex-row items-center"> <a href="tel: +44 (20) 7123 6000" class="xl:w-[280px] font-semibold text-[26px] whitespace-nowrap">+44 (20) 7123 6000</a> <a class="btn-primary btn-white whitespace-nowrap mt-6 xl:mt-0" href="https://www.isio.com/contact-us/" >Contact us</a> </div> </div> </div> <section class="useful-information py-24 lg:py-40 bg-grey-dient"> <div class="container"> <h2 class="h1-xl text-brandGreen pb-10 lg:pb-16"> FAQs </h2> <div x-data="{ openQuestion: null }"> <dl class="space-y-6 divide-y divide-black bg-white"> <div class="pt-6"> <div> <!-- Expand/collapse question button --> <button @click="openQuestion === 0 ? openQuestion = null : openQuestion = 0" type="button" class="flex w-full items-start justify-between text-left text-black pr-5" :aria-expanded="openQuestion === 0" > <span class="text-2xl">Do we still need pensions diligence if the UK DB plan has a balance sheet surplus?</span> <span class="md:ml-6 flex h-7 items-center"> <svg class="inline-block relative transform transition-transform " :class="{ 'rotate-180': 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The future costs of a UK DB plan are driven by funding regulations (or, if the plan is unfunded, by benefit payments). These are often more prudent than the balance sheet position, and can produce highly volatile funding levels. Buyers should seek to ensure these costs are reflected in the business valuation, potentially alongside an allowance to reflect the downside risks. </div> </div> </div> <div class="pt-6"> <div> <!-- Expand/collapse question button --> <button @click="openQuestion === 1 ? openQuestion = null : openQuestion = 1" type="button" class="flex w-full items-start justify-between text-left text-black pr-5" :aria-expanded="openQuestion === 1" > <span class="text-2xl">What is the role of the pension trustees, and what does this mean for a transaction?</span> <span class="md:ml-6 flex h-7 items-center"> <svg class="inline-block relative transform transition-transform " :class="{ 'rotate-180': openQuestion === 1, 'rotate-0': openQuestion !== 1}" width="26" height="25" viewBox="0 0 26 25" fill="none" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <rect x="25.1367" width="25" height="25.1375" transform="rotate(90 25.1367 0)" fill="url(#pattern0)"/> <defs> <pattern 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The employer will want to maintain a good relationship with the Trustees to avoid potentially costly disagreements over the funding approach or other issues. Buyers often need to agree specific measures, such as upfront contributions or restrictive dividend policies, with Trustee boards, in order to secure their consent to a transaction. Without this a buyer will be at much greater risk of intervention by the Pensions Regulator, which has the power to require additional pension contributions and even to launch criminal prosecutions against individual executives. </div> </div> </div> <div class="pt-6"> <div> <!-- Expand/collapse question button --> <button @click="openQuestion === 2 ? openQuestion = null : openQuestion = 2" type="button" class="flex w-full items-start justify-between text-left text-black pr-5" :aria-expanded="openQuestion === 2" > <span class="text-2xl">Why do we need HR due diligence?</span> <span class="md:ml-6 flex h-7 items-center"> <svg class="inline-block relative transform transition-transform " :class="{ 'rotate-180': openQuestion === 2, 'rotate-0': openQuestion !== 2}" width="26" height="25" viewBox="0 0 26 25" fill="none" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <rect x="25.1367" width="25" height="25.1375" transform="rotate(90 25.1367 0)" 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HR due diligence highlights issues which might that need to be dealt with following the transaction, such as potential leadership team concerns, new benefit plans to be established, high employee turnover, low engagement. 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It does not generally cover the same broad picture of the business from a people perspective, or quantify the financial implications of reward and benefit issues. </div> </div> </div> <div class="pt-6"> <div> <!-- Expand/collapse question button --> <button @click="openQuestion === 4 ? openQuestion = null : openQuestion = 4" type="button" class="flex w-full items-start justify-between text-left text-black pr-5" :aria-expanded="openQuestion === 4" > <span class="text-2xl">How do you decide what to look at in HR due diligence?</span> <span class="md:ml-6 flex h-7 items-center"> <svg class="inline-block relative transform transition-transform " :class="{ 'rotate-180': openQuestion === 4, 'rotate-0': openQuestion !== 4}" width="26" height="25" viewBox="0 0 26 25" fill="none" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <rect x="25.1367" width="25" height="25.1375" transform="rotate(90 25.1367 0)" fill="url(#pattern0)"/> <defs> <pattern id="pattern0" 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A share sale will differ markedly from carve out; an integration will differ from creating a standalone business. It’s often helpful to first carry out a ’red flags‘ phase of work to determine areas of interest, before completing a more in-depth analysis. For example, this might highlight unusually high turnover levels for a particular geography, or an unusual level of temporary staff being used compared to others in the industry. </div> </div> </div> <div class="pt-6"> <div> <!-- Expand/collapse question button --> <button @click="openQuestion === 5 ? openQuestion = null : openQuestion = 5" type="button" class="flex w-full items-start justify-between text-left text-black pr-5" :aria-expanded="openQuestion === 5" > <span class="text-2xl">What areas does a typical HR DD scope cover?</span> <span class="md:ml-6 flex h-7 items-center"> <svg class="inline-block relative transform transition-transform " :class="{ 'rotate-180': openQuestion === 5, 'rotate-0': openQuestion !== 5}" width="26" height="25" viewBox="0 0 26 25" fill="none" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <rect x="25.1367" width="25" height="25.1375" transform="rotate(90 25.1367 0)" fill="url(#pattern0)"/> <defs> <pattern id="pattern0" 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benefits, wage inflation. In addition, we would address any specific issues highlighted by the seller, or areas of focus of the buyer. </div> </div> </div> <div class="pt-6"> <div> <!-- Expand/collapse question button --> <button @click="openQuestion === 6 ? openQuestion = null : openQuestion = 6" type="button" class="flex w-full items-start justify-between text-left text-black pr-5" :aria-expanded="openQuestion === 6" > <span class="text-2xl">How much data and access do you need?</span> <span class="md:ml-6 flex h-7 items-center"> <svg class="inline-block relative transform transition-transform " :class="{ 'rotate-180': openQuestion === 6, 'rotate-0': openQuestion !== 6}" width="26" height="25" viewBox="0 0 26 25" fill="none" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <rect x="25.1367" width="25" height="25.1375" transform="rotate(90 25.1367 0)" fill="url(#pattern0)"/> <defs> <pattern id="pattern0" patternContentUnits="objectBoundingBox" width="1" height="1"> <use 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The latter will often include HR policies and employment contracts. Of course, for the best insights, we would want to have a detailed discussion with the target’s HR Director, and carry out quantitative analysis of anonymised employee data including role, grade, location, service, and compensation. </div> </div> </div> <div class="pt-6"> <div> <!-- Expand/collapse question button --> <button @click="openQuestion === 7 ? openQuestion = null : openQuestion = 7" type="button" class="flex w-full items-start justify-between text-left text-black pr-5" :aria-expanded="openQuestion === 7" > <span class="text-2xl">Can you help us address the issues identified in HR due diligence?</span> <span class="md:ml-6 flex h-7 items-center"> <svg class="inline-block relative transform transition-transform " :class="{ 'rotate-180': openQuestion === 7, 'rotate-0': openQuestion !== 7}" width="26" height="25" viewBox="0 0 26 25" fill="none" xmlns="http://www.w3.org/2000/svg" xmlns:xlink="http://www.w3.org/1999/xlink"> <rect x="25.1367" width="25" height="25.1375" 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</defs> </svg> </span> </button> </div> <div class="w-full" x-show="openQuestion === 7" x-transition:enter="transition transform ease-in-out duration-200" x-transition:enter-start="transform opacity-0 origin-top" x-transition:enter-end="transform opacity-100 origin-top" x-transition:leave="transition transform ease-in-out duration-200" x-transition:leave-start="transform opacity-100 origin-top" x-transition:leave-end="transform opacity-0 origin-top" class="tab_display pr-12 list-none flex justify-between text-xl" :id="'faq-7'" > <div x-show="openQuestion === 7" class="text-black text-xl font-light pt-5 w-2/3" > Isio can provide management of stand-up of HR systems, policies, benefits and associated administration, prior to the completion of the transaction. Partnering with separation teams, we pull together all functional areas and third-party providers to drive through the buyer’s vision for the post-transaction approach. Post-completion, we can assist in the same way with the integration of the desired HR and benefits structures. </div> </div> </div> </dl> </div> </div> </section> <section class="bg-grey-dient"> <div class="pt-20"> <div class="container grid md:grid-cols-2 md:gap-36"> <div> <h2 class="text-brandGreen-100 text-[2.875rem] font-semibold mb-12 leading-[4.25rem] md:text-[4.75rem]">Key people </h2> </div> <div> <p class="text-black text-[1.1875rem] font-normal mb-4"> </p> </div> </div> </div> <div x-data="{ selectedPerson: null }" class="hidden md:block container xl pt-16 pb-10"> <div class="flex flex-row"> <div class="basis-3/4"> <div class="grid grid-cols-2 xl:grid-cols-4 gap-2"> <div class="mb-4 hover:cursor-pointer" x-on:click="selectedPerson = (selectedPerson &#038;&#038; selectedPerson.nameSurname === '2825') ? null : { nameSurname: 'Paul Geeson', jobTitle: 'Partner', about: '', phoneNumber: '', email: 'paul.geeson@isio.com', image: 'https://www.isio.com/app/uploads/2023/10/Remove-background-project-7.png', link: 'https://www.isio.com/person/paul-geeson/' }"> <img decoding="async" class="h-44 w-44 object-cover rounded-full max-w-none hover:border-8 hover:border-brandGreen transition duration-5 00" :class="{ 'border-8 border-brandGreen': (selectedPerson &#038;&#038; selectedPerson.nameSurname === '2825') || (!selectedPerson &#038;&#038; '2825' === '2825') }" src="https://www.isio.com/app/uploads/2023/10/Remove-background-project-7.png" alt="Image"> <strong class="text-lg lg:text-xl text-brandGreen font-medium text-brandGreen-100 mt-8 mb-1 inline-block">Paul Geeson</strong> <p class="font-light text-lg lg:text-xl md:max-w-[80%] text-black">Partner</p> </div> <div class="mb-4 hover:cursor-pointer" x-on:click="selectedPerson = (selectedPerson &#038;&#038; selectedPerson.nameSurname === '2828') ? null : { nameSurname: 'Ian Elphick', jobTitle: 'Director', about: '', phoneNumber: '', email: 'ian.elphick@isio.com', image: 'https://www.isio.com/app/uploads/2023/10/Remove-background-project-25.png', link: 'https://www.isio.com/person/ian-elphick/' }"> <img decoding="async" class="h-44 w-44 object-cover rounded-full max-w-none hover:border-8 hover:border-brandGreen transition duration-5 00" :class="{ 'border-8 border-brandGreen': (selectedPerson &#038;&#038; selectedPerson.nameSurname === '2828') || (!selectedPerson &#038;&#038; '2825' === '2828') }" src="https://www.isio.com/app/uploads/2023/10/Remove-background-project-25.png" alt="Image"> <strong class="text-lg lg:text-xl text-brandGreen font-medium text-brandGreen-100 mt-8 mb-1 inline-block">Ian Elphick</strong> <p class="font-light text-lg lg:text-xl md:max-w-[80%] text-black">Director</p> </div> </div> </div> <div class="basis-1/4"> <div class="text-black transition-opacity duration-500"> <img class="h-72 w-72 mx-auto rounded-full max-w-none mb-5 object-cover" x-bind:src="selectedPerson ? selectedPerson.image : 'https://www.isio.com/app/uploads/2023/10/Remove-background-project-7.png'" alt="Image"> <strong class="text-brandGreen-100 text-[1.175rem] font-medium" x-text="selectedPerson ? selectedPerson.nameSurname : 'Paul Geeson'"> </strong> <p class="text-black text-lg font-light mb-2" x-text="selectedPerson ? selectedPerson.jobTitle : 'Partner'"></p> <p class="text-black mb-3" x-text="selectedPerson ? selectedPerson.about : ''"></p> <p class="text-black text-lg font-light" x-text="selectedPerson ? selectedPerson.phoneNumber : ''"></p> <a class="text-brandGreen-100 block hover:underline text-lg font-light" x-bind:href="selectedPerson ? 'mailto:'+selectedPerson.email : 'mailto:paul.geeson@isio.com'" x-text="selectedPerson ? selectedPerson.email : 'paul.geeson@isio.com'"></a> <a x-bind:href="selectedPerson ? selectedPerson.link : 'https://www.isio.com/person/paul-geeson/'" class="btn-primary mt-10"> See full profile</a> </div> </div> </div> </div> <div class="hidden md:block container text-center pt-5 md:pb-40"> <a class=" mx-auto btn-primary " href="/our-people">Our people</a> </div> </section> <section class="md:hidden bg-grey-dient pt-10"> <div class="container quoteSwiper overflow-hidden"> <div class="swiper relative"> <div class="swiper-wrapper mb-20"> <div class="swiper-slide"> <div class="md:flex items-center md:gap-24 md:w-2/3"> <div> <img decoding="async" class="h-60 w-60 object-cover rounded-full max-w-none mx-auto mb-5" src="https://www.isio.com/app/uploads/2023/10/Remove-background-project-7.png" alt="Image"> <strong class="text-left text-[1.175rem] font-semibold text-brandGreen-100 mt-2 mb-1 block">Paul Geeson</strong> <p class="text-left text-black">Partner</p> <p class="text-left text-black"></p> <p class="text-left text-black"></p> <a class="text-brandGreen-100 block hover:underline text-lg font-light text-left" href="mailto:paul.geeson@isio.com">paul.geeson@isio.com</a> <a href="https://www.isio.com/person/paul-geeson/" class="btn-primary mt-8 lg_hidden"> See full profile</a> </div> </div> </div> <div class="swiper-slide"> <div class="md:flex items-center md:gap-24 md:w-2/3"> <div> <img decoding="async" class="h-60 w-60 object-cover rounded-full max-w-none mx-auto mb-5" src="https://www.isio.com/app/uploads/2023/10/Remove-background-project-25.png" alt="Image"> <strong class="text-left text-[1.175rem] font-semibold text-brandGreen-100 mt-2 mb-1 block">Ian Elphick</strong> <p class="text-left text-black">Director</p> <p class="text-left text-black"></p> <p class="text-left text-black"></p> <a class="text-brandGreen-100 block hover:underline text-lg font-light text-left" href="mailto:ian.elphick@isio.com">ian.elphick@isio.com</a> <a href="https://www.isio.com/person/ian-elphick/" class="btn-primary mt-8 lg_hidden"> See full profile</a> </div> </div> </div> </div> <div class="swiper-button-next right-[35%] md:right-[45%] -bottom-[75px] top-auto"></div> <div class="swiper-button-prev left-[35%] md:left-[48%] -bottom-[75px] top-auto"></div> </div> </div> <div class="md:hidden container text-center mt-20 mb-8"> <a class=" mx-auto btn-primary " href="/our-people">Our people</a> </div> </section> <div class="get-in-touch md:h-[250px] bg-no-repeat bg-bottom xl:bg-left-bottom bg-brandGreen-light py-14 md:py-0"> <div class="container text-white flex flex-col md:flex-row items-center space-between h-full"> <div class="flex flex-col xl:flex-row items-center md:items-start xl:items-center"> <h2 class="text-left text-5xl xl:basis-[400px] mb-8 xl:mb-0">Get in touch</h2> <p class="text-2xl px-5 md:px-0 xl:basis-[320px] mb-6 md:mb-0">Talk to us today to see how our bolder thinking can get you better results.</p> </div> <div class="flex flex-col xl:flex-row items-center"> <a href="tel: +44 (20) 7123 6000" class="xl:w-[280px] font-semibold text-[26px] whitespace-nowrap">+44 (20) 7123 6000</a> <a class="btn-primary btn-white whitespace-nowrap mt-6 xl:mt-0" href="https://www.isio.com/contact/" >Contact us</a> </div> </div> </div> </div><!-- .entry-content --> </article> </main><!-- #main --> </section><!-- #primary --> </div><!-- #content --> <footer> <div class="footer py-5"> <div class="container pt-10 pb-10"> <div class="footer-menus-container lg:w-max"> <div class="2xl:flex gap-16 xl:gap-x-36 flex-col md:flex-row lg:pb-11 border-b border-[#d9d9d9]"> <div class="footer-menu mb-10 2xl:mb-0"> <h3 class="text-[28px] font-medium text-brandGreen mb-4">Company</h3> <ul id="menu-company" class="grid grid-cols-2 gap-y-4 gap-x-8 lg:gap-x-28"><li id="menu-item-85" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-85"><a href="https://www.isio.com/about-us/">About us</a></li> <li id="menu-item-89" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-89"><a href="https://www.linkedin.com/company/isiogroup/">Follow us on LinkedIn</a></li> <li id="menu-item-87" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-87"><a href="https://www.isio.com/about-us/sustainability/">Sustainability</a></li> <li id="menu-item-86" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-86"><a href="https://www.isio.com/about-us/our-vision-and-values/">Our vision and values</a></li> <li id="menu-item-88" class="menu-item menu-item-type-custom menu-item-object-custom menu-item-88"><a href="https://www.isio.com/inclusion-diversity-and-equity/">Inclusion &#038; 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