Barnett Waddingham (BW) has reported a 12.8 per cent rise in revenue for the 2024/25 financial year, reaching £181m in what it described as a year of “standout commercial success” and post-acquisition integration with the Howden Group.

The figure marks an increase from £160m the previous year and continued the firm’s trajectory of strong organic growth, following its acquisition by the global insurance and employee benefits intermediary in April 2025.

Revenue across BW’s retirement-focused businesses - Actuarial Consulting, Investment Consulting and Pension Administration - rose by 12 per cent year-on-year.

In particular, Actuarial Consulting achieved a significant milestone by generating over £50m in income for the first time, while Pension Administration exceeded £57m in income.

The Investment Consulting arm also recorded an “outstanding” year, with assets on its streamlined investment platform surpassing £3bn, delivering £2m in annual fee savings for clients.

Senior partner, Andrew Vaughan, described the year as a pivotal moment for the firm, combining record financial results with a smooth transition into the global insurance and employee benefits intermediary.

He said the results “speak for themselves”, highlighting the firm’s “robust growth, excellent client feedback and a business well positioned for the future as part of the Howden Group”.

The successful integration, he added, has created “exciting new opportunities” while preserving the independence and client-first culture that define the BW brand.

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