Isio acquires K3 Advisory to bolster risk settlement capabilities

Isio Group Limited, has today announced that it has signed an agreement to acquire K3 Advisory Limited, the insurance and risk settlement specialist, subject to FCA regulatory approval.

The acquisition will enhance Isio’s risk settlement capabilities. Isio has a strong track record of providing end-to-end de-risking solutions to trustees and sponsors as well as providing consulting and operational support to insurers to help increase overall capacity in a busy risk settlement market. 

K3, founded in 2018 by Adam Davis, is a market leader in broking transactions for small to medium schemes, and has completed almost a hundred transactions for thousands of members across nearly £2bn of assets in the past six years. The K3 team and brand will continue to operate as a distinct service offering within the Isio group,  enhancing the risk settlement services on offer with a focus on overall value and efficiency.

Steve Robinson, Partner at Isio, said: “This acquisition is an important part of our strategy to accelerate our growth in an area of the market where we see pension scheme demand increasing and where we already have a strong presence. Bringing the K3 team into the Isio Group will give us greater scale and depth of expertise, especially in small to medium sized transactions, where there is significant demand. 

“The team is also a great cultural fit, sharing our challenger mentality, passion for innovation and fresh approach to problem-solving. K3 have built a great name and reputation in the buy-out market, and we look forward to supporting their continued growth, working alongside our existing team so clients benefit from our combined expertise and offering.” 

Adam Davis, Managing Director at K3, said: “Over the last six years K3 has grown into one of the leading specialist providers in the bulk annuity market. As part of Isio we will now be able to offer an even wider range of services and skills to our clients, and our people will benefit from even more opportunities. 

“The market is thriving as so many pension funds have found themselves in strong funding positions, seeking to secure the benefits of their members. We are looking forward to working with the team at Isio to do even more to support schemes in this critical phase, making endgame a real possibility.”