Fiduciary manger, P-Solve, is set to purchase insurance market consultant and software specialist, Meridian, as part of its diversification strategy, Professional Pensions reports. The deal will let the company capitalize on Meridian’s position as a service provider to the U.K. insurance market.

Meridian, which advises insurance firms with £15 billion under management, provides investment consulting, performance measurement and accounting software in the U.K. insurance market. P-Solve has clients with nearly £20 billion under management and has implementation mandates in excess of £7 billion.

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