Channel Islands-based financial services groups PraxisIFM has acquired specialist annuity provider Cavendish Corporate Investments to add to its pension services offering.
Cavendish was established by Mike Dewsnap and Martin Triggs in 2008 and provides pension and annuity products from its base in Guernsey.
Simon Thornton, CEO of PraxisIFM, explained: “PraxisIFM has administered Cavendish since its formation in 2008 and its clients and products are well known to the group.
“Mike Dewsnap will remain on the board of Cavendish and will continue to provide technical support to the company going forwards.”