XPS Pensions Group
Four key Covid-19 actions for DC trustees
The disruption caused by the Covid-19 pandemic has also had a major impact on defined contribution schemes. In this article, XPS Pensions Group recommends trustees take four urgent steps to protect schemes and members.
Market volatility making bulk annuities more affordable
The fall in pricing of credit assets due to Covid-19 has made bulk annuities more affordable for schemes with significant gilt holdings, according to XPS Pensions.
Video: TPR's David Fairs on employers suspending deficit contributions
In a video shared with Professional Pensions, XPS Pensions Group co-chief executive Paul Cuff speaks to The Pensions Regulator executive director David Fairs about employer suspension of deficit contributions and other regulatory guidance in the current...
Updated: The contingency plans activated by administrators during the coronavirus outbreak
In the face of the coronavirus outbreak, Holly Roach looks at the contingency plans activated by key pensions administrators to ensure business continuity.
Rate cut 'bittersweet' for schemes and savers
The Bank of England’s decision to cut the base rate by 50 basis points (bps) will prove challenging for both pension schemes and retirees, the industry warns.
UK Pensions Awards 2020 - Shortlists published
Here they are. The finalist lists for the UK Pensions Awards 2020.
December concludes turbulent year for DB transfer values
Pension transfer values fell in December, while the number of individuals taking a transfer value from schemes rose, according to XPS Pension Group.
PPF levy rules 'broadly unchanged' with estimated £45m increase
The Pension Protection Fund (PPF) has confirmed its 2020/2021 levy rules and revealed they remain stable and broadly unchained from the previous levy year, expecting an 8% rise in collection.
XPS posts 8% revenue growth driven by admin and investment consulting business
XPS Pensions has published interim results for the half year ending 30 September, posting total revenue of £56.3m and pre-tax profits of £4.4m.
The rise and fall of pension fund consulting
Consolidation is ongoing in the pensions advisory world, with no signs of abating. Jonathan Stapleton asks whether now will be seen as the high point for pensions consulting.
CMI data shows further mortality improvements
Pension schemes face higher liabilities as improvements in mortality rates trend towards their highest level in a decade.
Third of pension schemes 'appointed or considering appointing an IFA'
More than a third of pension schemes have appointed or are considering appointing an IFA to support their members, XPS Pensions Group research has found.
Five stories you may have missed this week
The top stories this week were the High Court's decision to block the £12bn annuity transfer from Prudential to Rothesay Life, and a separate court ruling that 'raises the bar' for pension rectification exercises.
XPS enhances fiduciary manager selection service to include re-tendering support
XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
XPS appointed as adviser for the Greene King Pension Scheme
The Greene King Pension Scheme has appointed XPS Pensions as its actuarial and investment adviser following a competitive tender process.
Top asset management brands see ratings fall
The UK's largest asset management brands were mostly ranked lower or no different by investment consultants in Edelman's brand index than two years ago. Holly Roach looks at the findings
Pension schemes falling short of TPR's expectations, finds XPS
A large number of pension schemes are falling short of The Pensions Regulator's (TPR) governance and trusteeship expectations, according to research by XPS Pensions.
XPS: Long-term TPR funding targets could add £260bn to scheme liabilities
The introduction of long-term funding targets for defined benefit (DB) schemes could create an accounting gap of £260bn between the liabilities reported by companies and schemes, XPS Pensions has warned.
Five stories you may have missed this week
This week's top stories included BESTrustees converting into an employee ownership trust, and XPS Pensions Group publishing its full-year results.
XPS unveils full-year results
XPS Pensions Group has published its final results for the year to 31 March, posting revenue of £109.9m and pre-tax profits of £11.4m.
More than £70m of pension savings at risk to scams - XPS Pensions Group
There has been a significant increase in the number of 'red flags' reported on pension transfers in the last 12 months by the XPS Pensions Group, which it said leaves millions of pounds at risk.
What does Woodford's fund suspension mean for schemes?
The suspension of the renowned manager's equity fund serves some important lessons and highlights the importance of properly managing liquidity, writes Stephanie Baxter
UK Pensions Awards 2019 - The Winners
Here they are - the winners of the UK Pensions Awards 2019...
XPS: Up to 1.5% of eligible members quitting DB schemes each month
XPS Pensions has combined its transfer value index and its transfer activity index to create a transfer watch service to understand the trends and behaviours of members accessing the pension freedoms.
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