Independent Governance Group (IGG), the UK’s provider of professional pensions trusteeship and governance services, has grown its team by 27% over the first half of its financial year. In total, 40 new starters have joined the team, bringing total headcount up to 152, and an additional 20-strong represented by like minds, it announced this morning.

To meet growing demand, the business recently opened new offices as it continues to expand its professional trustee services and governance offering across the UK.

Growth in the team has been at all levels, from trustee director to assistant associate, reflecting client demand for depth of expertise across the board.

To support the growth in client-facing roles, IGG has also reinforced its central services team, with new hires in its human resources and finance teams.

The team works with more than 450 pension schemes with combined assets under management of £315bn.

The business has enjoyed exceptional growth following the merger, with later acquisitions of Clarity Trustees and like minds, as well as establishing its regional presence with offices in Bristol.

Andrew Bradshaw, chief executive officer of IGG, said: “Ongoing discussion around the future of pensions means now more than ever, schemes need expert support to manage the resulting challenges and pressures placed on them. We are confident that as we continue to expand, our clients will be supported by the very best in the business.”

He added: “Recent months have shown how exciting and dynamic the pensions industry can be, and that IGG is the natural home for people looking to further their career in this area.”

Research conducted by consultancy LCP has shown a shift in the UK pension trustee scene as a recent study revealed a 12% growth in the appointment of professional trustees among UK pension schemes in the year leading to June 2023.

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