KPMG Consultants line up bid for £200m KPMG pensions arm


One of the UK’s largest independent financial consultancy firms is plotting a £200m takeover of the pensions advisory arm of KPMG, the accountancy giant.

Sources said that LCP, which is backed by the private equity firm Inflexion, was competing against a number of trade and financial bidders for the pensions advisory business.

LCP provides actuarial and investment advice to hundreds of clients, including roughly one-third of the FTSE-100, according to its website.

That would make the KPMG division, which has about £50bn under advice, a logical fit with LCP’s business, according to City insiders.