Embark announces sale of Vested to Benefiz

Embark Group (“Embark”) has today announced the sale of Vested Employee Benefits Limited (VEBL) to Benefiz Ltd.

Benefiz is an award-winning independent workplace advisory firm specialising in employee benefits for small and medium sized enterprises. It has acquired VEBL, which will continue to operate under its own brand as a subsidiary of Benefiz.

Tim Gillingham, Founder and Director of Benefiz Limited has become the new Managing Director of VEBL, replacing Howard Finch who has now left the business.

Scott Guild, Chief Financial Officer of Embark Group, commented: “Vested has grown into a well-respected and successful employee benefits consulting business in its own right, and combined with the industry focus and investment that Benefiz can offer Vested this move will undoubtedly benefit the business, its people, and clients in the longer term.”

Tim Gillingham, Founder and Director of Benefiz Ltd said: “The acquisition of Vested accelerates the growth plans of Benefiz and creates a unique opportunity to work with my previous colleagues and clients. Together we combine our extensive experience in providing advice and benefit technology to the SME/Mid Corporate market under an agile and sustainable business model. We look forward to growing together as a high performing team and to making a real difference to our clients and their employee’s lives.”

Editors’ notes

For further information, please contact:

Eduard Lewis, The Agency Partnership (Embark Media Relations)

Email: [email protected]

Tel: 07814715929

About Embark Group

Embark Group is a fast growing, diversified, financial services business and one of the leading retirement solutions providers to the advised and institutional markets in the UK.

We work closely with financial advisers and businesses to deliver their long-term savings and investment propositions to UK consumers through our investment platform and range of multi-asset funds, pensions, fund research and consultancy services.

Embark Group has more than £35.3bn in assets under administration on behalf of c.375,000 individual clients, operating across seven UK locations (London, Bolton, Dundee, Edinburgh, Leeds, Leicester, and Swindon). Embark has been recognised in the WealthTech100 as one of the world’s most innovative WealthTech companies for four consecutive years.

In January 2022, Embark became part of Lloyds Banking Group, a leading UK based financial services group providing a wide range of banking and financial services.

www.embarkgroup.co.uk

All figures as at June 2022.