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Trust services provider buys Isle of Man pension firm

‘Expansion into the sector was a key target area’

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Peregrine Corporate Services has acquired fellow IoM firm Fedelta Pensions for an undisclosed sum.

Fedelta was set up in 1996 by Nigel Callin, who will step back from the business but remain as a consultant. The firm provides pensions services to its local and international clients.

The deal will enable Peregrine to enter the pensions market, as well as offer a range of domestic and international wealth planning solutions.

New brand on the cards

Peregrine managing director Martin Hall said: “Diversification continues to be a strategic part to our business strategy and expansion into the pension sector was a key target area for us. The opportunity to bring such a highly respected firm as Fedelta Pensions into the family group perfectly complements our ethos and vision.

“While Nigel will be taking a step back from the business, we are pleased he will remain as a consultant to ensure business and client continuity which has been the forefront of our recent acquisitions.

“The wider Fedelta group have kindly given us a grace period to utilise the existing name and we hope in the coming month to announce a new brand encompassing our wide range of financial services offered both domestically and in the international market.”

Staff to remain

Louise Haynes, director of Fedelta Pensions, added: “The key to our success at Fedelta Pensions has been our strong emphasis on technical expertise and providing the highest levels of client service which we believe are second to none.

“We are pleased to be joining a team of people who share these values and wish to continue to build on what we have achieved so far. The whole of our excellent team of staff are remaining with the company, so existing clients will continue to deal with all of their usual contacts without disruption.

“Joining Peregrine and its wider group will provide significant opportunities to take the business in new directions.”

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