National IFA firm Foster Denovo has acquired employee benefits consultancy TEBC and plans to merge it with its own employee benefits operation.

National adviser Foster Denovo Group has appointed David Currie as chairman to replace industry veteran Keith Carby as the group readies an expansion strategy which will be partly based on mergers and acquisitions.

Foster Denovo co-founder Keith Carby is to resign from the company he helped set up in 2005 to make way for fresh blood.

Four firms are teaming up to create a new advisory service for employees nearing retirement – which includes a robo-advice option.