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:
    Facebook
    Twitter
    LinkedIn
    XPS Pensions Group

    More articles like this

    XPS Pensions Group

    Will pension fund investments go green?

    On 18 June 2018, the Department for Work and Pensions (DWP) published a consultation on proposals to ‘clarify and strengthen’ trustees’ investment duties, including on how they take account of financially material environmental, social and governance

    XPS Pensions Group

    CMA decision – what it means for pension schemes

    XPS view 1. Competition is not working effectively. Trustees deserve better information. 2. The proposed mandatory tendering for fiduciary management does not go far enough – to be effective it needs third party oversight. 3. The FCA should require

    XPS Pensions Group

    Breaking News: CMA Provisional Decision Announced

    Competition is not working effectively, Trustees deserve better information,  XPS say proposed mandatory tendering for fiduciary management does not go far enough. The CMA review highlights that trustees would get a better deal in investment consulting

    XPS Pensions Group

    June cements stable H1 for pension transfer values

    XP Pensions Group (LON:XPS), Pension transfer values fluctuated mildly during June, continuing the stability seen throughout 2018 so far, according to XPS Pensions Group’s transfer value index (TVI), Pension transfer values fluctuated mildly during June, continuing the

    Xafinity Plc

    Exercising discretion in an ever-changing world

    Exercising discretion when paying death benefits can be challenging for trustees. In this briefing note, we consider the position of a trustee of a pension or life assurance scheme who has to try to unravel the

    XPS Pensions Group

    Volatile investment returns for UK pension schemes

    Market highlights • A volatile but strong quarter for equities with growth punctuated by a modest dip off towards the end of June. • Volatility reflecting generally supportive economic data of growing global economy with low unemployment in the context of uncertainty relating

    XPS Pensions Group

    Social Housing Pension Scheme Survey 2018

    Results – Housing Associations and their pension provision. Our SHPS 2018 Survey Report highlights that the range of actions being considered by the housing sector has vastly increased since the 2014 SHPS valuation. 1. Executive Summary

    Xafinity Plc

    Strengthened powers for the Pensions Regulator

    On 26 June 2018, the Department for Work and Pensions (DWP) published the first of its promised consultations following on from the White Paper. This new consultation, which closes on 21 August 2018, covers proposals for a range of new