XPS Pensions Group plc enhances its strategic focus and market leading position with acquisition and disposal

Paul Cuff, co-CEO of XPS Pensions Group, said:

“We are delighted to announce these two deals today. They are both consistent with our strategic focus on our core market of workplace pensions. The acquisition of the Kier Pensions Unit will add to our strength in the pensions administration market and has the potential to open up new opportunities in the public sector. Meanwhile we are pleased to find a good home for colleagues in our small Healthcare Consulting business, where we expect them to thrive in the future, whilst we focus relentlessly on what we do best.”

XPS Pensions Group plc (LON:XPS), the pensions actuarial, consulting and administration business, today announced that it has agreed to acquire the assets of Kier Pensions Unit from Kier Business Services Limited, as well as the disposal of its Healthcare Consulting Business to Punter Southall Health and Protection Limited in two transactions that will serve to further strengthen the Company’s strategic focus.

Kier Pensions Unit provides third party pension administration services to public sector clients, including approximately half of the police forces in the UK. The acquisition adds to the continued growth of XPS’s market leading pensions administration business, XPS Administration, and gives XPS, for the first time, a significant presence in the public sector third party administration market. Kier Pensions Unit, part of Kier Business Services Limited, a division of Kier Group plc will be acquired for a total consideration of up to £3.5 million in cash.

XPS’ Healthcare Consulting Business provides consulting services to companies in relation to the healthcare benefits they provide to employees and will be sold to Punter Southall Health and Protection Limited, a subsidiary of Punter Southall Group Limited, for an estimated total consideration of £1.25 million in cash.

Click to view all articles for the EPIC:
Or click to view the full company profile:
    Share on facebook
    Share on twitter
    Share on linkedin
    XPS Pensions Group

    More articles like this

    XPS Pensions Group

    Ten key dates for 2019

    Whilst Brexit discussions have continued to occupy most of the available government and parliamentary time, 2018 did see a number of important pensions consultations following on from the publication of the White Paper earlier in the year, as

    XPS Pensions Group

    GMP equalisation: Time to take stock?

    In this issue of XPS Pensions News, we take a step back from the Lloyds judgment and take a longer-term view of GMP equalisation. It has been a busy few weeks for trustees, sponsors and advisers since the

    XPS Pensions Group

    The CMA’s final report and what it means for your scheme

    The CMA published its final report into the investment consulting (IC) and fiduciary management (FM) market on 12 December 2018. It found that there were adverse effects on competition in both markets and have set out a package

    XPS Pensions Group

    Transfer values fall during November

    Pension transfer values as measured by the XPS Pensions Group Transfer Value Index fluctuated during November 2018, with an overall fall during the month. The index was £235,000 at the end of October and £230,000 at the end of

    XPS Pensions Group

    The Future of Liability Driven Investment (LDI)

    Podcast: The popularity of liability-driven investment strategies among defined benefit pension funds has increased over the years. In 2017, the total notional value of liabilities hedged by LDI strategies continued to grow, rising to £965bn from £904bn, according to