DBC Pension Services acquired by Goddard Perry Group

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DBC Pension Services joins Goddard Perry in strategic acquisition

Corporate pension scheme administrator, DBC Pension Services, has officially joined the ranks of Goddard Perry Consulting following a strategic acquisition.

The deal, led by James Pugh, marks a significant milestone for both companies.

A brief history of DBC Pensions

Established in Sutton Coldfield, Birmingham in 1996, DBC Pension Services was originally founded by the Midlands IFA David B Collins Financial Management Ltd owners David Collins and Russell Neale, alongside Paul Brouwer and Adrian Smith.

By 2001, the firm transitioned into a standalone entity under the leadership of CEO Ralph Meller and Paul Witcomb. Over the years, DBC has developed a solid reputation for providing top-notch pension administration services, gaining the trust of numerous clients across the UK.

Goddard Perry’s growth strategy

Goddard Perry, founded in Croydon in 1982, has experienced consistent growth both organically and through strategic mergers and acquisitions. One of its key moves was the 2010 acquisition of Aegon UK’s third-party pensions administration business, which was rebranded as HS Admin.

Continuing its expansion, in 2013, Goddard Perry acquired DBC Pensions as a bolt-on for HS Admin - adding 10,000 members to its customer base.

Graham Hickling, Managing Director of HS Admin said: “I am delighted to announce the acquisition of DBC. The team at DBC is a credit to the business and their experience will both complement and add new expertise to our third party admin proposition.

This acquisition enhances our commitment to the TPA market and will strengthen our market position. DBC will also provide valuable capacity to assist with the administration of our AE Master Trust, SALVUS.”

Following the acquisition, Ralph Meller exited the business, while Paul Witcomb remained in his role as general manager of DBC.

Post-transaction M&A update

The acquisition of DBC Pension Services wasn’t the only strategic move Goddard Perry made. In 2021, the company further enhanced its pension administration services by acquiring the TPA book and employee benefits division from Reading-based IFA Ascot Lloyd. These moves have reinforced Goddard Perry's position as a major player in the corporate pensions industry.
 

Conclusion

The integration of DBC Pension Services into Goddard Perry represents a powerful combination of expertise and resources. With both companies' shared commitment to excellence in pension administration, this acquisition is set to enhance the level of service offered to clients across the UK.

James Pugh, who advised on the acquisition, played a key role in facilitating the smooth transition, ensuring that both companies are well-positioned for continued success in the competitive world of pension administration.

Trying to find where your DBC pension records are?

If you have an existing pension with DBC, please contact MUFG with your enquiry. 

CapEQ does not administer any pension funds or hold any pension records. 

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