Dublin, February 2023 - NFP, a leading insurance broker, benefits consultant, wealth manager, HR service consultant and retirement advisor, has appointed Lane Clark and Peacock Ireland Ltd. (LCP) as their external investment consultant. LCP is a firm of financial, actuarial and business consultants, specialising in the areas of pensions, investment, insurance, business analytics and employee benefits in Ireland and internationally.
This partnership is the first of its kind for both LCP and NFP in Ireland, signifying NFP’s commitment to delivering a superior offering to their clients in the Irish market. NFP will engage with LCP to provide them with independent guidance when analysing investment funds on behalf of their clients.
Colm Power, Managing Director at NFP Ireland stated, “We undertook a thorough tender process to ensure we found the best fit for an external investment consultant. These key governance structures put us in a solid position for our continued growth, imminent future acquisitions and enhanced client servicing.”
This partnership will provide NFP in Ireland with independent oversight and governance expertise when reviewing all available investment options and providers in the Irish market. The new agreement with LCP will ensure NFP clients continue to receive the best-in-class recommendations and advice.
Oliver Kelly, Partner and Head of Investment Consulting Ireland at LCP said, “We are delighted to begin our relationship with NFP in Ireland. Providing NFP with our proactive guidance and independent investment views on appropriate fund ranges, the investment market outlook and the implications for strategic asset portfolios will further support NFP clients. Independent investment consultants have an important role to play in supporting individual clients seeking best-in-class unconflicted advice.”
Sinead Cullen, Private Client Manager at NFP Ireland, commenting on this recent appointment said, “The appointment of LCP as our independent investment consultant is a huge step for us as it further bolsters our operations in Ireland. We are looking forward to Oliver bringing his passion and expertise to our team as an independent voice. NFP are committed to our clients and in our line of work, it is imperative our clients get the best advice and value.”
Over the past two years, NFP has been expanding its business in Ireland, having acquired six Irish businesses including HMP Insurance & Pension Advisors, Aiken Insurance Limited, ReSure Corporate Brokers, Simon Shirley Advisors, and Tailored Finance Limited. This latest appointment of LCP as an external investment consultant aligns with NFP’s long-term strategy in Europe.