XPS Pensions

Last updated

XPS Pensions
Company type Public
LSE:  XPS
Industry Financial services
Founded2009;16 years ago (2009)
Headquarters Reading, England
Key people
Products Pension consulting and administration
RevenueIncrease2.svg £199.4 million (2024) [1]
Increase2.svg £49.5 million (2024) [1]
Increase2.svg £67.0 million (2024) [1]
Website www.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]

Contents

History

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

  1. 1 2 3 "Annual Report 2024". XPS Pensions. Retrieved 10 February 2025.
  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.