Ospreys Rugby has formed an innovative and strategic partnership with Swansea-based SIP Wealth Management (Chartered Financial Advisers) and Matthews Pulman (Chartered Accountants)
The investment, believed to be the first of its kind involving a Welsh rugby region, will see SIP Wealth Management and Matthews Pulman investing in the future growth of the region via its pension funds and benefiting from potential returns on this investment in the future.
WPS Financial Group is a Welsh pensions and investment specialist managing almost £250 million of client pensions and investments. Matthews Pulman is a Swansea based Chartered Accountants specialising in tax mitigation and advisory services.
Speaking about the investment Andrew Hore, Chief Operations Officer of Ospreys Rugby, said:
"This is a unique and innovative venture that allows SIP Wealth Management & Matthews Pulman to play their part in future Ospreys success. We are confident that the Ospreys have a very bright future and we look forward to working with SIP Wealth Management and Matthews Pulman to help drive the business forward."
The business connection will also see SIP Wealth Management and Matthews Pulman become official partners of the Ospreys providing pension solutions, financial advice, accountancy and tax planning services to Ospreys Rugby and its players and support staff.
Jon Francis of SIP Wealth Management and Mike Matthews of Matthews Pulman said that they and their colleagues were pleased to complete the investment into Llandarcy Park (Ospreys) Ltd and are enthusiastic about the opportunity to assist Ospreys Rugby continue to grow by providing financial and professional support.
Jon Francis stated:
"We are delighted to be selected by the Ospreys as their official 'Workplace Pension' advisor and 'Employee Benefit' consultants. We are helping them to implement their new 'auto-enrolment' pension scheme to comply with important new legislation, and the Ospreys are again setting the standard among Welsh rugby regions by having the foresight to investigate and implement solutions at an early stage"
WPS Financial Group employs 26 people across offices in Swansea and Cardiff and looks after 2,400 clients and over £247 million in investment and pension funds.
Mike Matthews said:
"We are also delighted to be working with Ospreys Rugby and we believe our six qualified Chartered accountants and 14 support staff across our offices in Swansea and South Wales are well placed to assist the Ospreys maintain their status as one of the leading Rugby Clubs in the Northern Hemisphere."