XPS Pensions

XPS Pensions
Company typePublic
LSEXPS
IndustryFinancial services
Founded2009; 15 years ago (2009)
HeadquartersReading, England
Key people
ProductsPension consulting and administration
RevenueIncrease £166.6 million (2023)[1]
Increase £36.9 million (2023)[1]
Increase £22.7 million (2023)[1]
Websitewww.xpsgroup.com

XPS Pensions is a British financial services business specialising in pensions consulting and administration. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.[2]

History

[edit]

The company was established as a pensions consultancy and administration business within Equiniti in around 1990. It then adopted the brand name, Xafinity. It acquired a rival firm, Hazell Carr, in April 2008.[3]

CBPE acquired the business from Equiniti in February 2013: it was then the subject of an initial public offering on the London Stock Exchange in February 2017.[4]

It acquired another rival firm, Punter Southall & Co., in January 2018 and then changed its name to XPS Pensions in May 2018.[5]

It went on to acquire the corporate pensions business of Royal London Group in May 2019[6] and to buy Trigon Professional Services in November 2019.[7][8]

References

[edit]
  1. ^ a b c "Annual Report 2023" (PDF). XPS Pensions. Retrieved 30 May 2024.
  2. ^ "FTSE UK Index Series – Indicative Quarterly Review Changes June 2024". FTSE Russell. 28 June 2024. Retrieved 30 May 2024.
  3. ^ "Xafinity buys Hazell Carr". Professional Pensions. 7 April 2008. Retrieved 30 May 2024.
  4. ^ "CBPE completes IPO of Xafinity". Private Equity Wire. 16 February 2017. Retrieved 30 May 2024.
  5. ^ "Xafinity changes name following acquisition". S&P Global. 18 May 2018. Retrieved 30 May 2024.
  6. ^ "XPS to buy Royal London's corporate pensions business". Professional Pensions. 1 May 2019. Retrieved 30 May 2024.
  7. ^ "XPS: boring is good". Investors Chronicle. 2 July 2020. Retrieved 30 May 2024.
  8. ^ "XPS acquires Trigon as admin and investment business grows". Pensions Age. 28 November 2019. Retrieved 30 May 2024.
[edit]