Wealth manager Quilter has acquired specialist NHS pension analyst and support services firm MediFintech for an undisclosed sum.

MediFintech was founded by former Chartered Financial Planner Graham Crossley.

Mr Crossley is currently head of technical business development within Quilter’s national advice business, Quilter Financial Advisers.

The acquisition will give advisers within Quilter’s network, national business and IFAs using its platform, access to MediFintech to help them guide NHS clients through complex pension decisions and deliver better outcomes.

Steve Gazard, chief distribution officer at Quilter, said the acquisition was a natural move.

He said: “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.”

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

Its specialist team helps clients understand and navigate the complexities of NHS pensions. They provide tailored guidance on the financial impact of decisions such as adjusting working hours, entering salary sacrifice arrangements, or taking on additional responsibilities. By modelling these scenarios, they assess how such choices may affect future pension benefits and annual allowance tax implications.

The team also specialises in identifying and correcting errors in annual allowance tax charges and NHS pension records, addressing both systemic and individual issues to ensure accuracy.

Mr Crossley said: "I’m delighted that MediFintech now has the backing of Quilter, a company that has consistently demonstrated its commitment to supporting healthcare workers. 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 claims to have saved NHS pension scheme members over £5m by identifying and correcting annual allowance tax charges and errors on pension records.