M/20/008 – Kiwi/IPSI

Transaction details

The proposed acquisition of sole control of Irish Progressive Services International Limited by Kiwi Holdco (the parent company of the FNZ Group) has been cleared by the Competition and Consumer Protection Commission.

Notification date Decision date
Monday March 9, 2020 Friday, April 17, 2020
Parties Involved Business activities
The FNZ Group

FNZ is a global financial technology and administration services firm. Its customers are financial institutions that provide wealth management platform services to their clients across direct, intermediated and workplace channels.

Irish Progressive Services International Limited

IPSI is a provider of third party administration services to the European and global life and pensions industry. IPSI is a wholly-owned subsidiary of Irish Life.

Economic sector Media merger
Financial services No
Submissions from third parties due by:
Phase 1 Phase 2
Tuesday, March 24, 2020
Current status: Completed
Preliminary investigation (Phase 1)
Authorised Officer Assigned Contact Details
Cathal Hanley

Telephone: +353 1 470 3681
E-mail: cathalhanley@ccpc.ie

Media enquiries: communications@ccpc.ie

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