Exeter-based consultancy Acuity is set to be acquired by insurtech firm Lumera, which focuses on the digital transformation of the European life and pensions sector.
Acuity specialises in complex pensions and workforce reforms for public sector pension schemes and has established long-term relationships with major UK pension schemes, including the NHS and Civil Service Pension Schemes, as well as central government departments. This provides the consultancy with deep expertise and access to the heart of pensions policy and delivery.
Jonas Alfredson, CEO of Lumera Group, said: “Joining forces with Acuity adds major new clients and capabilities, in line with our strategy to strengthen our foothold in strategically important sectors in key markets. Combining their proven expertise across health, central government and other public sector bodies, with our technology prowess will create new opportunities for further growth in the UK, enhance our client offering, help attract more clients, while reinforcing our commitment to being a trusted advisor to some of the biggest Life and Pensions providers across Europe. I am delighted to welcome their experienced and dedicated team to our business.”
Acuity delivers services across central government and the public sector, blending pensions knowledge with behavioural insight to improve outcomes for pension schemes and their members. Its team has significant experience in high-profile projects, from major change management programmes to evidence-led communications strategies and campaigns.
Pippa Campbell, director of programmes at Acuity, said: “We are delighted to become part of Lumera. Our shared values of simplifying complexity and customer-first thinking in the complex world of pensions make Lumera the perfect partner for our consultancy team. We’re excited to bring our experience of programme management and behavioural insight to Lumera’s portfolio and look forward to helping shape the future of pensions advisory and pensions administration.”
Following the acquisition, Acuity will join Lumera’s UK operations, expanding the organisation to around 165 employees. Financial terms of the transaction have not been disclosed.
