KPMG’s pensions business will be bought out by staff in a £200m leveraged deal.
The new business, which will be called Isio, is expected to bring in between £50m and £100m each year.
The 20 partners are investing their own money in the business, backed by private equity group Exponent.
The KPMG operation has eight regional offices and advises pension schemes. Its clients own assets of £90bn.
