Accountancy

Deloitte UK sells pensions business to KPMG spin-off Isio

Deloitte sells 200-strong pensions business to Exponent-backed KPMG offshoot

Sale marks latest divestment by a Big Four firm
Sale marks latest divestment by a Big Four firm Photo: Jack Taylor/Getty Images

Deloitte UK has agreed to sell its pensions business to private equity-backed KPMG spin-off Isio.

The planned sale of the 200-strong unit is the latest in a string of divestments by Big Four firms as they look to boost partner profits and raise capital for investments.

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