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XPS Pensions Group

https://www.xpsgroup.com/

Last activity: 07.02.2022

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XPS Pensions Group (XPS) is the largest pure pensions consultancy in the UK, specialising in actuarial, covenant, investment consulting and administration. XPS combines expertise, insight and technology to address the needs of over 1,500 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over 948,000 members and provides advisory services to schemes of all sizes including 47 with over £1bn of assets. We also provide pension advisory and administration services to over 200 defined contribution schemes, with over one million members and combined assets in excess of £15bn.

XPS Pensions Group was awarded Actuarial/Pensions Consultancy of the Year and Investment Consultancy of the Year at the 2021 Professional Pensions Awards and highly commended for Third Party Administrator of the Year and Education /Thought Leadership Initiative of the Year. In 2020, XPS was awarded Third Party Administrator of the Year at the UK Pension Awards for the second year running and has also been ranked the No.1 Third Party Administrator in the Professional Pensions Administration Survey in four of the past six years. Also in 2020, XPS Pensions Group was awarded the FT's PIPA Technology Services of the Year Award and in 2019 awarded Actuarial/Pensions Consultancy of the Year at the UK Pensions Awards.

XPS Pensions Group has also been ranked Gold in the Employee Engagement category and Silver in the Employee-Centric Company category at the 2020 UK Employee Experience Awards. XPS Pensions Group also won two awards at the 2020 Business Culture Awards winning Best Business Culture Transformation Initiative and the overall Gold Award winner for Business Culture.

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Location: United Kingdom, England, Reading

Employees: 1001-5000

Founded date: 1990

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Date	Title	Description
07.02.2022	Title: UK pension scheme growth assets down by £56bn in the first month of 2022	UK pension scheme growth assets down by £56bn in the first month of 2022 XPS's DB:UK funding tracker reveals that scheme assets, held to provide crucial investment returns, fell by around £56bn over the month to 31 January 2022. UK pension ...
07.02.2022	Title: A turbulent start to 2022 for investment markets	A turbulent start to 2022 for investment markets View PDF here Quarter in brief US equities suffered their worst month since the beginning of the pandemic and many stocks frequently experienced wild intra-day price swings UK gilt yields con...
03.02.2022	Title: Investment Outlook for 2022: Expect the Unexpected?	Outlook for 2022: Expect the Unexpected? View PDF here Alasdair Gill, Head of Equities at XPS Investment, reviews the markets of 2021 and assesses what is in store for investors in 2022 as the world's economies try to shake off the impact o...
31.01.2022	Title: Men almost twice as likely to be at serious risk of pension transfer fraud than women	Men almost twice as likely to be at serious risk of pension transfer fraud than women 11% of transfers by men showed serious warning signs of a pension scam in 2021, compared to just of 6% of transfers by women Higher value transfers are mo...
31.01.2022	Title: Men almost twice as likely to be at serious risk of pension transfer fraud than women, XPS Pensions Group finds	Men almost twice as likely to be at serious risk of pension transfer fraud than women, XPS Pensions Group finds 11% of transfers by men showed serious warning signs of a pension scam in 2021, compared to just of 6% of transfers by women Hig...
24.01.2022	Title: Pension transfer activity falls to lowest level in four years	Pension transfer activity falls to lowest level in four years XPS Pension Group's Transfer Activity Index showed that an annualised rate of 50 members out of every 10,000 transferred their pensions in December, the lowest rate since XPS sta...
21.01.2022	Title: Investment Outlook for 2022: Expect the Unexpected?	Investment Outlook for 2022: Expect the Unexpected? View PDF here Alasdair Gill, Head of Equities at XPS Investment, reviews the markets of 2021 and assesses what is in store for investors in 2022 as the world's economies try to shake off t...
21.01.2022	Title: Outlook for 2022: Expect the Unexpected?	Outlook for 2022: Expect the Unexpected? View PDF here Alasdair Gill, Head of Equities at XPS Investment, reviews the markets of 2021 and assesses what is in store for investors in 2022 as the world's economies try to shake off the impact o...
10.01.2022	Title: Bank of England interest rate rise drives UK pension scheme deficits down by £72bn	Bank of England interest rate rise drives UK pension scheme deficits down by £72bn XPS's DB:UK funding tracker reveals: Scheme deficits against long-term funding targets fell by around £72bn over the month to 31 December 2021. The average f...
23.12.2021	Title: XPS Pensions Group acquires Michael J Field Consulting Actuaries to further develop its strong SIPP and SSAS business	XPS Pensions Group acquires Michael J Field Consulting Actuaries to further develop its strong SIPP and SSAS business XPS Pensions Group has acquired the business of Michael J Field Consulting Actuaries to further develop its Self Invested ...
21.12.2021	Title: XPS Pensions Group advises on £650m Mitchells & Butlers buy-in amid busiest period for bulk annuity deals in 2021	XPS Pensions Group has advised on a £650 million full-scheme buy-in deal between the Mitchells & Butlers Executive Pension Plan and Legal and General Assurance Society Limited, amidst the busiest period for bulk annuity deals in 2021. X...
16.12.2021	Title: Transfer values continue to set new records as inflation expectations increase further	XPS Pension Group's Transfer Value Index climbed to a new high of £270,000 at the end of November on the back of further forecast increases in inflation rates and a slight reduction in gilt yields. Yet despite higher values on offer, transf...
15.12.2021	Title: How COVID-19 is impacting pensions schemes and their sponsors' accounts	How COVID-19 is impacting pensions schemes and their sponsors' accounts According to XPS research some companies have not been accurately reflecting the impact of COVID-19 on their company accounts and so as a result, could be overstating t...
07.12.2021	Title: Corporate balance sheets overstating pension liabilities by £45bn, XPS Pensions Group research finds	Impact of covid on life expectancy not being taken into account by companies Pandemic's wider health impacts expected to slow improvements to UK's life expectancy Lack of consideration of pandemic's full impact leading to £45 billion overes...
07.12.2021	Title: Rising inflation expectations and Omicron uncertainty drives deficits of UK pension schemes up by £64bn in the month to 30 November 2021	DB:UK estimates that it will currently take just over 19 years to reach long-term targets under the proposed new rules from The Pensions Regulator, including allowance for the combination of investment returns and current cash However, if e...
03.12.2021	Title: New COVID-19 variant, ‘Omicron', leads to sharp equity market pull-back	New COVID-19 variant,'Omicron', leads to sharp equity market pull-back View PDF here Month in brief Global equities experienced their largest daily fall in over a year and credit spreads widened after discovery of new COVID-19 variant, Omic...
25.11.2021	Title: XPS announces half year results	Unaudited interim results for the half year ended 30 September 2021 • High levels of client activity and new business wins drove 10% organic growth in Group revenues to £67.3 million • Advisory revenue growth of 10% comprised: -Fourth conse...
18.11.2021	Title: XPS Transfer Watch – falling gilt yields push DB transfer values to record high	XPS Pension Group's Transfer Value Index rebounded during the month, with DB pension transfer values hitting a new record high of £265,200 on 28 October, before falling back to end the month at £260,000. This new peak surpassed the previous...
08.11.2021	Title: XPS Pensions Group launches XPSArena to share expertise with industry	XPS Pensions Group launches new free online learning and support platform for pensions professionals XPSArena will allow trustees, sponsors and employers to access information and insights on the key issues facing the industry XPS Pension G...
05.11.2021	Title: Pension Scheme funding falls despite strong month for equities	Pension Scheme funding falls despite strong month for equities XPS Investment Monthly Update View PDF here Quarter in Brief Q3 earnings reporting season kicked off with strong corporate earnings reports supporting equity prices Inflation co...
04.11.2021	Title: Budget announcements lead to £100bn increase in UK DB liabilities over the month, according to XPS Pensions Group research	Budget announcements lead to £100bn increase in UK DB liabilities over the month, according to XPS Pensions Group research XPS's DB:UK funding tracker reveals that, following the Chancellor's announcements in the Autumn Budget, UK pension s...
29.10.2021	Title: Planning for year-end accounting in advance	Planning for year-end accounting in advance View PDF here At a glance Reporting for DB pensions in company accounts has grown in complexity over recent years, mainly due to increased auditor scrutiny As a result, we expect finance teams to ...
08.10.2021	Title: Stagflation on the horizon? Global supply chain issues stall recovery	Stagflation on the horizon? Global supply chain issues stall recovery XPS Investment Quarterly Update View PDF here Quarter in Brief Potential for stagflation sets the scene for a difficult economic environment for central banks to navigate...
06.10.2021	Title: XPS Pensions Group DB:UK Tracker - Pension scheme funding levels improve by £34bn despite inflation reaching its highest level in over a decade	XPS Pensions Group DB:UK Tracker - Pension scheme funding levels improve by £34bn despite inflation reaching its highest level in over a decade XPS's DB:UK funding tracker reveals that scheme deficits against long-term funding targets fell ...
04.10.2021	Title: Record transfer values lead to highest average fees following transfer for DB pension scheme members, XPS Pensions Group research finds	Record transfer values lead to highest average fees following transfer for DB pension scheme members, XPS Pensions Group research finds Total fees paid by transferring DB pension scheme members reach highest levels since survey began in 201...
28.09.2021	Title: XPS Pensions Group urges employers to act quickly to take advantage of large reduction in PPF levy	XPS Pensions Group urges employers to act quickly to take advantage of large reduction in PPF levy Consistent with the approach adopted last year, the Pension Protection Fund (PPF) has issued another consultation on how it will set levies f...
21.09.2021	Title: First green gilt issued. What does this mean for pension schemes?	Firstgreen gilt issued. What does this mean for pension schemes? View PDF here On 21 September, the UK Debt Management Office ('DMO'), on behalf of the UK Government, issued its first green gilt to investors. The gilt, which has a maturity ...
21.09.2021	Title: XPS DB:UK tracker reveals pension schemes hit by £46bn increase in liabilities in September as inflation rises	XPS DB:UK tracker reveals pension schemes hit by £46bn increase in liabilities in September as inflation rises XPS Pensions Group's DB:UK tracker reveals pension schemes hit by £46bn increase in liabilities in September as inflation rises U...
08.09.2021	Title: UK fund management industry demonstrates strong progress in ESG risk management in 2021, but improvements are still needed	UK fund management industry demonstrates strong progress in ESG risk management in 2021, but improvements are still needed 23% of UK investment funds awarded an XPS green rating for ESG, up from 10% last year. However, greenwashing remains ...
06.09.2021	Title: Emerging markets recover some lost ground despite rising Middle East tensions	Emerging markets recover some lost ground despite rising Middle East tensions XPS Investment Monthly Update View PDF here Month in Brief The 20-year war in Afghanistan was brought to a chaotic end Emerging markets outperform other equity ma...
19.08.2021	Title: Transfer Values heading back to record highs in July	Transfer Values heading back to record highs in July The Transfer Value Index rose sharply during July to end the month at £260,000, just short of the record high of £261,500 seen in July 2020. This increase was driven largely by a reductio...
29.07.2021	Title: Covenant actions for employers during current funding valuations	Covenant actions for employers during current funding valuations View PDF here At a glance The Pensions Regulator (TPR) recently set out its expectations for current funding valuations TPR does not typically expect deficit contributions to ...
13.07.2021	Title: XPS Transfer Watch – transfer activity continues to increase to highest levels since July 2020	XPS Transfer Watch - transfer activity continues to increase to highest levels since July 2020 DB pension transfer activity increased over the course of June for the third month in a row, the latest edition of XPS Pension Group's Transfer W...
17.06.2021	Title: XPS Transfer Watch – scam warnings reach five-month high	XPS Transfer Watch - scam warnings reach five-month high XPS Transfer Watch's Red Flag Index rose again in May to 61%, its highest level in five months. The index reflects pension transfers with at least one warning sign of a potential scam...
17.06.2021	Title: Scam warnings reach five-month high	Scam warnings reach five-month high XPS Transfer Watch's Red Flag Index rose again in May to 61%, its highest level in five months. The index reflects pension transfers with at least one warning sign of a potential scam or the potential for...
16.06.2021	Title: The Pensions Regulator's Annual Funding Statement 2021	The Pensions Regulator's Annual Funding Statement 2021 View PDF here What you need to know The Pensions Regulator (TPR) published its Annual Funding Statement on 26 May 2021. It is aimed at both trustees and sponsors, particularly those wit...
07.06.2021	Title: Markets slow amidst growing inflationary pressures	Markets slow amidst growing inflationary pressures XPS Investment Monthly Update View PDF here Month in Brief Equity markets were broadly flat over the month Index-linked gilt yields fell amidst increasing inflationary pressures The funding...
04.06.2021	Title: Markets slow amidst growing inflationary pressures	Markets slow amidst growing inflationary pressures XPS Investment Monthly Update View PDF here Month in Brief Equity markets were broadly flat over the month Index-linked gilt yields fell amidst increasing inflationary pressures The funding...
03.06.2021	XPS PENSIONS GROUP PLC Title: Pensions dashboards are coming	Pensions dashboards are coming View PDF here What you need to know The Pension Schemes Act 2021 introduced the legal framework for pensions dashboards and provides for new regulations which are due to be consulted on during 2021. Pensions d...
28.05.2021	XPS PENSIONS GROUP PLC Title: XPS Survey of UK Fiduciary Managers finds nearly a quarter of schemes that are required to re-tender have yet to start with CMA deadline fast approaching	XPS Survey of UK Fiduciary Managers finds nearly a quarter of schemes that are required to re-tender have yet to start with CMA deadline fast approaching Following XPS Pension Group's FM Watch 2020 report, released this week, the pensions c...
25.05.2021	XPS PENSIONS GROUP PLC Title: XPS Research shows Fiduciary Managers delivered positive returns in 2020, despite retaining pre-COVID strategies	XPS Research shows Fiduciary Managers delivered positive returns in 2020, despite retaining pre-COVID strategies London, 25 May 2021 - Fiduciary Managers (FMs) maintained their investment strategies across 2020 despite high market volatilit...
20.05.2021	Title: Transfer activity falls to lowest levels since September 2020 as red flag cases rise to a three-month high	XPS Transfer Watch: transfer activity falls to lowest levels since September 2020 as red flag cases rise to a three-month high XPS Transfer Watch's Transfer Activity Index fell to the lowest level since September last year, dropping by almo...
11.05.2021	Title: Continued economic recovery drives equities but prompts concerns of overheating	Continued economic recovery drives equities but prompts concerns of overheating XPS Investment Monthly Update View PDF here Quarter in Brief Positive investor optimism around the global rebound continued and helped global equities to a stro...
25.04.2021	Title: Continued economic recovery drives equities but prompts concerns of overheating	Continued economic recovery drives equities but prompts concerns of overheating XPS Investment Monthly Update View PDF here Quarter in Brief Positive investor optimism around the global rebound continued and helped global equities to a stro...
21.04.2021	Title: Pension Schemes Act 2021 requires long-term strategy from trustees and employers	Pension Schemes Act 2021 requires long-term strategy from trustees and employers View PDF here What you need to know The Pension Schemes Act 2021 (the Act) puts in place the legislative framework for the new defined benefit (DB) scheme fund...
14.04.2021	Title: XPS Transfer Watch – Rising inflation expectations help transfer values recover from February's dip	XPS Transfer Watch shows that transfer values increased during March, recovering around one-third of the sharp fall experienced in February. This increase was largely due to rising expectations of future inflation increasing the expected va...
09.04.2021	Title: Optimism continues to drive markets	Optimism continues to drive markets View PDF here Quarter in Brief Global equities return positively, driven by continued Covid-19 vaccine rollout and further stimulus measures Global government bonds sell off sharply upon mounting inflatio...
12.03.2021	Title: XPS Transfer Watch reveals largest ever monthly fall in transfer values	XPS Transfer Watch in February revealed almost a 5% drop in transfer values from the previous month, the biggest monthly fall in since XPS started tracking values in 2014. This is due to a rise in government bond yields throughout the month...
05.03.2021	Title: Global government bonds sell-off benefits pension schemes	Global government bonds sell-off benefits pension schemes XPS Investment News - March 2021 Bringing you our market round-up and the latest news affecting UK pension scheme investments. View PDF here Month In Brief Global government bonds so...
01.03.2021	Title: Pension Schemes Act 2021 gives trustees power in the fight against pension scams	Pension Schemes Act 2021 gives trustees power in the fight against pension scams View PDF here What you need to know Until now, all members of defined benefit pension schemes who are more than a year away from their normal retirement age ha...
15.02.2021	Title: XPS appointed as actuarial and investment advisers to the Heart of England Co-operative Pension Schemes	XPS Pensions Group appointed as actuarial and investment advisers to the Heart of England Co-operative Pension Schemes Following a competitive tender process, XPS Pensions Group (XPS), the UK specialist in pensions, investment and administr...
12.02.2021	Title: Pension Schemes Act 2021 heralds introduction of major reforms	Pension Schemes Act 2021 heralds introduction of major reforms View PDF here What you need to know The Pension Schemes Act 2021 (the Act) received Royal Assent on [4] February 2021, putting in place the legislative framework for the new def...
11.02.2021	Title: January transfer values and activity remain stable whilst scam red flags fall slightly	XPS Transfer Watch - January transfer values and activity remain stable whilst scam red flags fall slightly XPS Pension Group's Transfer Watch monitors how market developments have affected transfer values for a typical pension scheme membe...
04.02.2021	Title: Individual investors show the might of their collective stock buying power	Individual investors show the might of their collective stock buying power XPS Investment News - February 2021 Bringing you our market round-up and the latest news affecting UK pension scheme investments. View PDF here Month In Brief Equity...
27.01.2021	Title: FCA sees ‘signs of improvement' in transfer advice but key challenges remain	FCA sees 'signs of improvement' in transfer advice but key challenges remain View PDF here What you need to know The Financial Conduct Authority (FCA) has released a summary of data collected in relation to defined benefit (DB) pension tran...
19.01.2021	XPS PENSIONS GROUP PLC Title: XPS Transfer Watch 2020 review shows 20% fall in transfer activity but 49% of transfers processed indicated at least one red flag warning sign of a pension scam	XPS Pension Group's Transfer Watch saw substantial volatility in transfer values during 2020, particularly at the start of the pandemic. XPS's Transfer Value Index finished the year at £259,000, 8% higher than it started. Despite this, the ...
30.11.2020	XPS PENSIONS GROUP PLC Title: Scam protection – taking the Pensions Regulator's pledge	Scam protection - taking the Pensions Regulator's pledge View PDF here At a glance The Pensions Regulator (TPR) has launched an initiative asking trustees, providers and administrators to pledge to take all possible actions to protect membe...

XPS Pensions Group

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