- September 16, 2014
- Posted by: Mark Drakeford AM
- Category: Cardiff West News
Quantum Advisory – the Cardiff headquartered specialist firm of pension actuaries and benefit consultants is continuing to expand operations and creating 15 new graduate level jobs in Cardiff as sales continue to grow year on year.
The company design, maintain and review pension schemes and related employee benefits ensuring they operate efficiently and effectively.
Quantum Advisory employs more than 70 people, advises on £3bn of pension fund assets and was established in April 2007 with offices also in Amersham, Birmingham and London.
The expansion at their St Mellons HQ has been backed by £140,000 business finance from the Welsh Government and ensured it went ahead in Cardiff rather than another of the company’s locations.
Economy Minister Edwina Hart said:
‘Quantum Advisory is an indigenous business, founded and headquartered in Cardiff so I am pleased this expansion is going ahead in Wales. It will create new high quality job opportunities for graduates in one of our key sectors and supports our strategy to grow financial and professional services in Wales.’
The business has two core customers – companies and trustees of pension schemes with an extensive list of blue chip clients. Turnover has grown by 250% since 2007 and is estimated to grow a further 18% in the 2014/15 financial year.
Andrew Reid-Jones, Partner at Quantum Advisory said
‘The continuing partnership with the Welsh Government has been key in developing our award nominated products and strategies to help our clients both in the UK and internationally with investment, consulting and actuarial problems in response to dynamic challenges. The quality of our people is key to us and our clients and we continue to find many of our high performing people we need from all over Wales.’
The UK pension market is around £2 trillion of assets under management, driven by factors such as: auto enrolment, budget changes, regulatory change, an ageing population, UK economic performance and consolidation of providers.