XPS Pensions Group has published early results for the six months to 30 September, growing revenues 8% as it attempts to return to a “modest” growth rate.
The group said its performance includes 19% growth for its pensions administration business and is in line with company expectations.
The XPS pensions investment business grew by 11% in the six months, while revenues for the pensions actuarial and consulting were flat year-on-year, which it attributed to its May purchase of Royal London's corporate pensions business.
Co-chief executive Paul Cuff said its actuarial and consulting business, in particular had been bolstered by a number of client wins.
He added: "With increased resourcing levels and some key strategic hires, this business unit is well placed to return to modest growth in the second half.
"The good progress we have made on operational integration puts is in a strong position to take advantage of the market opportunities before us."
XPS was formed in 2018 following Xafinity's acquisition of Punter Southall Group's actuarial consulting, pensions administration and investment consulting businesses. It said the majority of the businesses were now merged, with just facilities management remaining under a transitional services agreement.
The consultancy is due to publish its full half-year results on 28 November.
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