XPS Pensions
{{Short description|British financial services business}}
{{Use dmy dates|date=August 2023}}
{{Infobox company
| name = XPS Pensions
| logo = XPS Pensions Group logo.jpg
| type = Public
| industry = Financial services
| traded_as = {{lse|XPS}}
| foundation = {{start date and age |2009 }}
| location = Reading, England
| key_people = {{UBL |Alan Bannatyne (Chairman) |Paul Cuff (Co-CEO) |Ben Bramhall (Co-CEO) }}
| products = Pension consulting and administration
| revenue = {{increase}} £199.4 million (2024){{cite web|url=https://www.xpsgroup.com/download_file/force/4380/1038/|title=Annual Report 2024|publisher= XPS Pensions |access-date=10 February 2025}}
| operating_income = {{increase}} £49.5 million (2024)
| net_income = {{increase}} £67.0 million (2024)
| num_employees =
| homepage = {{URL|https://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.{{cite web|url=https://research.ftserussell.com/products/index-notices/home/getnotice/?id=2612478 |title=FTSE UK Index Series – Indicative Quarterly Review Changes June 2024|date=28 June 2024|publisher=FTSE Russell|access-date=30 May 2024}}
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.{{cite news|url= https://www.professionalpensions.com/news/1439382/xafinity-buys-hazell-carr |title= Xafinity buys Hazell Carr|date=7 April 2008|newspaper=Professional Pensions| access-date=30 May 2024}}
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.{{cite news|url= https://www.privateequitywire.co.uk/cbpe-completes-ipo-xafinity/ |title= CBPE completes IPO of Xafinity|date=16 February 2017|newspaper=Private Equity Wire| access-date=30 May 2024}}
It acquired another rival firm, Punter Southall & Co., in January 2018 and then changed its name to XPS Pensions in May 2018.{{cite news|url=https://www.spglobal.com/marketintelligence/en/news-insights/trending/u72r11OBodgUfVjM4RJwgA2 |title= Xafinity changes name following acquisition|date=18 May 2018|newspaper=S&P Global| access-date=30 May 2024}}
It went on to acquire the corporate pensions business of Royal London Group in May 2019{{cite news|url= https://www.professionalpensions.com/news/3074907/xps-royal-londons-corporate-pensions-business |title= XPS to buy Royal London's corporate pensions business|date=1 May 2019|newspaper=Professional Pensions| access-date=30 May 2024}} and to buy Trigon Professional Services in November 2019.{{cite news|url= https://www.investorschronicle.co.uk/tips-ideas/2020/07/02/xps-boring-is-good/ |title= XPS: boring is good|date=2 July 2020|newspaper=Investors Chronicle| access-date=30 May 2024}}{{cite news|url= https://www.pensionsage.com/pa/XPS-acquires-Trigon-as-admin-and-investment-business-grows.php |title= XPS acquires Trigon as admin and investment business grows|date=28 November 2019|newspaper=Pensions Age| access-date=30 May 2024}}
References
{{reflist}}
External links
- {{Official site|https://www.xpsgroup.com/}}
{{FTSE 250 Index constituents}}
Category:Companies listed on the London Stock Exchange