Quilter has announced the acquisition of MediFintech, a specialist provider of NHS pension analysis and support services.

The firm provides NHS pension support to financial advisers, accountants, NHS pension scheme members, NHS employers, and other organisations, including the NHS Business Services Authority (NHSBSA).

MediFintech was founded by former chartered financial planner at Quilter, Graham Crossley, who is currently head of technical business development within Quilter Financial Advisers, Quilter’s national advice business.

Advisers within Quilter’s network, national business, and IFAs using its platform will now have access to MediFintech’s insights, equipping them with knowledge to guide NHS clients through pension decisions.

“I’m delighted that MediFintech now has the backing of Quilter, a company that has consistently demonstrated its commitment to supporting healthcare workers,” Crossley commented.

“This partnership will enable us to expand our specialist services, continuing to help advisers and NHS employees navigate the complexities of the NHS pension landscape.

“MediFintech’s specialist services have already delivered significant results – saving NHS pension scheme members well over £5m by identifying and correcting annual allowance tax charges and errors on pension records.

“With Quilter’s support, we look forward to extending these services to the wider adviser market and delivering even greater support to NHS pension scheme members and employers – helping more NHS staff secure their financial wellbeing.”

Quilter chief distribution officer, Steve Gazard, added: “Graham is already a highly regarded technical expert within Quilter, and integrating MediFintech into our business is a natural evolution of our commitment to supporting advisers with digital tools to enhance their client offering.

“The businesses’ ability to generate detailed NHS pension reports and forecasting tools will prove invaluable to advisers helping medical professionals navigate their complex retirement benefits.”

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