Paul Cuff

Xafinity has completed its acquisition of Punter Southall's actuarial consulting, pensions administration and investment consulting businesses.

Xafinity is set to buy the actuarial, investment consulting and administration businesses of Punter Southall Group in a shares and cash deal worth £153m.

Xafinity has announced it will float on the London Stock Exchange from 16 February in a bid to grow the business and "disrupt" the wider consultancy market.