XPS Pensions Group

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.

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.

This week's top stories included BESTrustees converting into an employee ownership trust, and XPS Pensions Group publishing its 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.

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.

The suspension of the renowned manager's equity fund serves some important lessons and highlights the importance of properly managing liquidity, writes Stephanie Baxter

Here they are - the winners of the UK Pensions Awards 2019...

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.

This week's top stories included TPT Retirement Solutions consolidating the £30m Hinckley and Rugby Building Society's defined benefit scheme, and Guy Opperman becoming the second-longest serving pensions minister.

XPS Pensions Group has revealed 70,000 defined benefit (DB) members are exercising pension freedoms each year, suggesting more education is needed to ensure better member outcomes.