Foster Denovo acquires employee benefits consultancy TEBC

Foster Denovo has acquired employee benefits consultancy TEBC and plans to merge it with its own employee benefits operation, Secondsight.

TEBC is based in Marlow, Buckinghamshire and has approximately 100 corporate client relationships. It provides corporate advice mainly on pensions and group risk with some face-to-face member advice.

Roger Brosch, chief executive of Foster Denovo said: “We are delighted to welcome TEBC, their clients and staff into the Foster Denovo Group.”

“The acquisition of TEBC is part of our continued intent to bring in high quality clients, advisers and support staff to Foster Denovo over the next few years.”

Sue Lewis, managing director of TEBC, said: “We are looking forward to joining Foster Denovo and the benefits it will bring to TEBC clients and our team.”

“Foster Denovo offers an enhanced employee benefits proposition through Secondsight, complementing the services that we have been providing up to this point. And I’m especially excited to be able to talk to clients in greater detail about Secondsight’s financial education and wellness propositions.”

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