Independent Governance Group

What Independent Governance Group does

Independent Governance Group (IGG) is a UK-based professional services firm providing independent pensions trusteeship and governance to occupational pension schemes. It was formed in 2023 through the merger of Ross Trustees (founded 2010) and Independent Trustee Services (founded 1990), is backed by private equity (originally LDC, now ECI Partners since October 2024), and operates through five wholly-owned trustee and advisory legal entities from its London headquarters, with additional hubs in Edinburgh, Bristol, Manchester and Birmingham. IGG holds over 450 scheme appointments, including 150+ Professional Corporate Sole Trustee (PCST) mandates, oversees a combined co-trustee asset base of over £30bn, and impacts more than 10 million scheme members; in 2025 it supported 28 bulk annuity transactions totalling over £2.6bn across nine insurers.

The company's core offering is professional trusteeship delivered through chair of trustees, co-trustee and PCST appointments, supported by a pensions support services arm covering scheme secretariat, outsourced pensions management, covenant and restructuring, funding solutions, risk transfer and ORA delivery. It has built proprietary tooling around two branded products: IGGiQ, a data-driven platform providing real-time investment monitoring, automated hedging and rebalancing, and IGGnite, a proportionate governance model targeting small schemes under 1,000 members with up to 30% fee savings. The firm has expanded capability and reach through three acquisitions — Like Minds (communications, 2023), IC Select (investment consultancy, 2024) and KGC Associates (pensions consultancy, 2025) — creating an end-to-end governance, investment advisory and member engagement offering.

IGG generates revenue primarily through recurring retainer fees for ongoing trusteeship and secretarial engagements, complemented by project and advisory fees for risk transfer, scheme mergers, regulatory compliance and transaction support. Its go-to-market is enterprise field sales led by a Chief Business Development Officer, with new business directed through the executive team and originated through industry events, professional networks and direct relationships with scheme sponsors, trustees and their advisers. The firm is accredited by the Association of Professional Pension Trustees, audited annually under ICAEW AAF 02/07 for inclusion on The Pensions Regulator's Independent Trustee Register, and sits on the PPF Trustee Advisory Panel.

Name

Independent Governance Group

Legal name

Independent Governance Group (IGG) is the trading name of Ross Trustees Services Limited (07904277), Clarity Trustees Limited (12470917), Independent Trustee Limited (02473669), Independent Trustee Services Limited (02567540) and Leadenhall Independent Trustees Limited (02303944)

Website

https://weareigg.com

Company type

Private

Founded year

2023

Operating status

Operating

Headcount range

101–250 employees

Short description

Independent Governance Group is a UK professional services firm providing independent pensions trusteeship, scheme secretariat and governance services to occupational DB, DC and hybrid pension schemes across 450+ appointments, backed by private equity and operating from five UK hubs.

Ownership category

akta.pro rank

Product category

Pension Trusteeship Services

NAICS

Insurance and Employee Benefit Funds (5251), Portfolio Management and Investment Advice (523940)

SIC

Finance Services (6199)

akta.pro primary industry

Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)

akta.pro secondary industry

Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Pension trusteeship services
• Occupational pension governance
• Professional trustee appointments
• Pension scheme management
• Risk transfer advisory

Headquarters

HQ city

London

HQ country

United Kingdom

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Professional Trusteeship Services: Fees for chair of trustees, co-trustee, and professional corporate sole trustee appointments. Revenue generated through ongoing retainer arrangements for scheme appointments.
2. Governance and Secretarial Services: Scheme secretarial and outsourced pensions management services provided on ongoing basis, either as part of comprehensive trusteeship package or on standalone basis.
3. Project and Advisory Services: Individual or team-based project resource for specific initiatives including risk transfer, scheme mergers, regulatory compliance, and transaction support.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

Independent Governance Group (IGG) provides professional pensions trusteeship and governance services for UK occupational pension schemes. Services are delivered through a combination of chair of trustees, co-trustee and professional corporate sole trustee (PCST) appointments, supported by scheme secretarial, pensions managerial and governance solutions. The firm holds over 450 scheme appointments and is backed by proprietary digital platforms IGGiQ and IGGnite.

Product overview

Independent Governance Group (IGG) provides professional pensions trusteeship and governance services through a multi-product portfolio. The core offering is Professional Trusteeship (Chair of Trustees, Co-Trustee, and Professional Corporate Sole Trustee appointments), supported by specialized products including IGGiQ (data-driven digital platform for scheme management), IGGnite (governance solution for small schemes under 1,000 members), and ORA services (Own Risk Assessment delivery). The company also offers Scheme Secretarial & Governance services. IGG has expanded through acquisitions including IC Select (investment consultancy), KGC Associates (pensions consultancy), and Like Minds (communications agency), creating an end-to-end governance solutions provider.

Differentiator

Problem solved

Functional benefit

Brands

• IGGnite: Purpose-built model for smaller pension schemes, unlocking the benefits of big scheme governance with proportionate pricing. Offers up to 30% savings on annual BAU fees for smaller schemes.
• IGGiQ
• PCST 360
• ORA Ready

Products and services

• Professional Trusteeship

Quantifiable outcome

• 30% potential savings on annual BAU fees for smaller schemes through IGGnite model
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Two partnerships are on record, tiered minor.

• Money Ready (formerly RedSTART Educate)minorOthersCharity partnership with Money Ready (formerly RedSTART), transforming life chances of primary-school children through financial education. IGG team volunteers to teach primary school children from disadvantaged communities about money.
• AonminorStrategic or Co-development PartnerAdvisory firm collaboration on risk transfer transactions. IGG works with Aon's streamlined Pathway process for bulk annuity buy-ins.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Aon: Global professional services firm with a large UK pensions practice offering actuarial, investment, risk transfer and trustee advisory services. Overlaps with IGG across risk transfer transactions and scheme governance, but operates as a much broader firm across insurance and HR consulting.
• PwC UK Pensions Practice: Big-4 advisory firm with a UK pensions practice providing actuarial, legal (PWC Legal), risk transfer and governance consulting. Competes with IGG in scheme advisory and endgame transactions, but as part of a broader professional services firm.
• Mercer: Global consulting firm (Marsh McLennan) with a significant UK pensions advisory practice spanning actuarial, investment and scheme governance. Competes with IGG for large scheme mandates but offers a much broader global services portfolio.

Direct peers

• Isio: UK specialist pensions advisory firm (formed from the PwC pensions practice in 2020) offering actuarial, investment, risk transfer and scheme governance services. Closely comparable business model and target market to IGG, particularly in DB de-risking and endgame advisory.
• Quantum Advisory: UK independent pensions advisory firm providing actuarial, investment and scheme governance services. Closely comparable to IGG in scale, specialism and target client base of UK occupational DB schemes.
• XPS Pensions Group: UK-listed specialist pensions consulting and administration group providing actuarial, trustee support, advisory and risk transfer services to occupational pension schemes. Closest publicly-traded direct peer to IGG given overlap in pension advisory, scheme secretarial and trustee support offerings.
• Hymans Robertson: UK independent pensions, actuarial and investment consultancy with deep DB scheme expertise. Comparable to IGG in trustee support, risk transfer advisory and governance consulting for UK occupational schemes.
• Lane Clark & Peacock (LCP): UK independent actuarial and pensions consultancy offering trustee advisory, investment consulting and scheme secretarial services. Directly comparable to IGG in target market (UK DB/DC occupational schemes) and service mix.
• Barnett Waddingham: UK independent actuarial, pensions administration and consulting firm serving occupational pension schemes. Comparable to IGG across scheme governance, secretarial and actuarial support, and serves a similar mid-to-large scheme client base.
• First Actuarial: UK independent actuarial and pensions consulting firm serving DB scheme trustees and sponsors. Comparable to IGG in target market and advisory/governance offering, though typically operating on smaller schemes.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/independent-governance-group

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries7 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A3 records

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Independent Governance Group