What's Happening?
Howden, a global insurance intermediary group, has agreed to acquire Evelyn Partners Financial Services (EPFS), the employee benefits consultancy arm of Evelyn Partners. The transaction, pending regulatory approval, is expected to complete in the first
quarter of 2026. This sale is part of Evelyn Partners' strategic decision to focus solely on wealth management, following previous sales of its Professional Services and Fund Solutions businesses. EPFS, which offers advice on group risk, healthcare benefits, employee engagement, and wellbeing packages, will transfer its team of 38 professionals to Howden. Gareth Sawyer, head of employee benefits at EPFS, will report to Cheryl Brennan, managing director of Howden Employee Benefits, post-acquisition.
Why It's Important?
The acquisition of EPFS by Howden is a strategic move to strengthen its employee benefits proposition, enhancing its ability to deliver comprehensive services to corporates globally. This transaction aligns with Evelyn Partners' focus on wealth management, allowing it to streamline operations and concentrate on its core business. For Howden, acquiring EPFS provides an opportunity to expand its market presence and offer fresh thinking and trusted advice to clients. The integration of EPFS's experienced team is expected to bolster Howden's capabilities in the corporate health and benefits market, potentially leading to increased competitiveness and client satisfaction.
What's Next?
Following the completion of the acquisition, Howden will integrate EPFS's team and services into its existing operations, aiming to leverage the expertise and reputation of EPFS to enhance its market-leading employee benefits proposition. The transition is expected to provide continuity of services for EPFS's clients and open new opportunities for its team under Howden's ownership. Stakeholders will be watching closely to see how the integration unfolds and whether it leads to improved service offerings and client retention.
