Embark Pensions, which includes EBS Pensions and Rowanmoor, saw a near 14% increase in client numbers in 2019 but a 6% decline in net operating profit, according to annual results.

Embark Group, the diverse and expanding financial group, has restructured its pensions businesses with a new joint chief exec to run them and two senior executives leaving.

The rapidly expanding Embark Group has acquired Zurich’s platform arm for an undisclosed sum, pushing its assets under advice to £33bn.

Embark Group is set to acquire the advised and partnership client books of Alliance Trust Savings from Interactive Investor.