XPS Pensions Group
Member outcomes improve as transfers increase; but concern for the future remains
Outcomes have improved for scheme members choosing to transfer, according to research by XPS Pensions.
Revealed: The top third-party administrators and software providers
The Professional Pensions Administration Survey 2020 reveals the rankings of the best third-party administrators and software providers for pension schemes.
Gap between pension accounting reporting and long-term funding strategies grows
XPS Pensions has revealed that the gap between pension obligations reported in companies’ accounts and the long-term funding strategies that drive cash demands is continuing to grow.
Big three pension consultants post combined revenues of £1.14bn in 2019
The revenue of the three biggest pension consultancy firms in the UK fell slightly in 2019, dropping from £1.16bn in 2018 to £1.14bn in 2019.
Available on demand... Dan Melley, Niall O'Sullivan and Susan Andrews among speakers at PP's inaugural DeskFlix event
The first virtual event of PP’s DeskFlix series took place on 23 June
XPS reveals best and worst performing fiduciary managers in Q1
The fiduciary managers that made the strongest gains through high equity allocations in 2019 also sustained the biggest losses during the first quarter of 2020, research by XPS Pensions reveals.
XPS reveals best and worst performing fiduciary managers in 2019
There was a 12 percentage point difference in the growth portfolio performance of the best and worst performing fiduciary managers in 2019 and over a third underperformed the average diversified growth fund, research from XPS Pensions Group reveals.
Five stories you may have missed this week
This week’s top stories include the National Pension Trust topping a defined contribution (DC) default fund performance league tables for 2019. Also, The Pensions Regulator will require trustees to issue savers who wish to switch from a defined benefit...
National Pension Trust tops DC default fund performance league tables for 2019
The National Pension Trust’s global equity fund has been named as the best performing growth phase default fund over one and three years in a research report published by Defaqto.
XPS posts 9% growth in revenues; reveals 15% rise in admin business
XPS Pensions Group saw a 9% year-on-year increase in revenues during the year to 31 March, it said in an unaudited update today.
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.
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