Gross revenues of pension administration and dashboard provider up 7.4%
Firm’s revenues for its pensions advisory businesses saw a 28% year-on-year increase
Half-year results show contribution plan will now consist of annual payments of £3.3m
Canada Life research finds annuity sales increased by 100% compared to H1 2022
Firm also saw strong growth across its advisory and administration businesses
The firm posted strong half-year results and a ‘robust’ balance sheet
XPS saw growth in its actuarial & consulting and investment consulting businesses
While the firm saw adjusted operating profit of £90m, this was offset by its £87m pre-tax loss
The firm said it made good progress despite the ongoing impact of the Covid-19 pandemic
XPS Pensions Group has posted a total revenue growth of 9% in the six months to 30 September 2020, its pre-close trading update shows.