XPS Pensions Group has bought the public sector pensions administration arm of Kier Business Services for a consideration of up to £3.5m in cash.
Kier Pensions currently provides third-party pension administration services to public sector clients, including approximately half of the police forces in the UK. XPS said the acquisition adds to the...
This week's top stories included the Department for Work and Pensions issuing two separate consultations on the pensions dashboard and defined benefit consolidation.
A regime similar to that for defined contribution (DC) master trusts will be set up for regulating defined benefit (DB) consolidators under plans announced today.
Defined benefit (DB) superfunds that wish to enter the market must talk to The Pensions Regulator (TPR) about their plans before opening for business.