Marvin OnumonuWealth manager Quilter has acquired MediFintech, a company that specialises in NHS pension analysis and support.
This acquisition aims to strengthen Quilter’s support for healthcare workers by leveraging MediFintech’s expertise in navigating NHS pension complexities.
MediFintech, founded by Graham Crossley, offers services to financial advisers, accountants, NHS pension scheme members, and NHS employers, helping them understand and manage the financial impact of different employment choices and correcting potential errors in pension records.
Crossley said: “I’m delighted that MediFintech now has the backing of Quilter, a company that has consistently demonstrated its commitment to supporting healthcare workers.
“This partnership will enable us to expand our specialist services, continuing to help advisers and NHS employees navigate the complexities of the NHS pension landscape.
“MediFintech’s specialist services have already delivered significant results — saving NHS pension scheme members well over £5 million by identifying and correcting annual allowance tax charges and errors on pension records.”
Crossley added: “We have already helped thousands of members understand their NHS pension and the impact of the complex McCloud remedy.
“With Quilter’s support, we look forward to extending these services to the wider adviser market and delivering even greater support to NHS pension scheme members and employers — helping more NHS staff secure their financial wellbeing.”
Steve Gazard, chief distribution officer at Quilter, said: “Graham is already a highly regarded technical expert within Quilter, and integrating MediFintech into our business is a natural evolution of our commitment to supporting advisers with digital tools to enhance their client offering.
“The businesses’ ability to generate detailed NHS pension reports and forecasting tools will prove invaluable to advisers helping medical professionals navigate their complex retirement benefits.”
