XPS leads on £1.5 bn full scheme buy-in for the Michelin Pension and Life Assurance Plan. Stephen Purves, our Head of Risk Settlement said: “When we approached the market, we knew we’d be competing with lots of other large schemes and developed a strategy to make this transaction as attractive as possible to insurers. As a result, we were able to generate significant competitive tension which culminated in very attractive pricing which exceeded expectations. We’re really pleased to have led this transaction for the Trustee, further demonstrating our capabilities at this end of the market.” Joanna Carter, Risk Settlement Partner added: “The key to the success of this transaction was to simplify our transaction requirements before going to the insurers. This included diligent preparation work and an ‘in-house’ solution to deal with the Plan’s illiquid assets. This allowed us to present a very clean transaction to the market and achieve such competitive pricing.” #BulkAnnuities #PensionSchemes | Aviva
XPS Group
Financial Services
Reading , Berkshire 12,307 followers
XPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors.
About us
XPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors. A FTSE 250 company, XPS combines expertise and insight with advanced technology and analytics to address the needs of over 1,400 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 88 with assets over £1bn. We also provide wider ranging support to insurance companies in the life and bulk annuities sector. In 2024 XPS was awarded Actuarial/Pensions Consultancy of the Year for the third time in four years and Sponsor Covenant/IRM Adviser of the Year at the UK Pensions Awards. XPS was also awarded Covenant Adviser of the Year Award at the Pensions Age Awards in 2024. Previous wins at UK Pension Awards: 2023 Third-Party Administrator of the Year and Fiduciary Evaluator of the Year 2022 Actuarial/Pensions Consultancy of the Year, Investment Consultancy of the Year and Third-Party Administrator of the Year 2021 Third-Party Administrator of the Year and Investment Consultancy of the Year 2020 Third-Party Administrator of the Year 2019 Actuarial/Pensions Consultancy of the Year and Third-Party Administrator of the Year For our business culture in 2024 XPS was recognised for the Best Diversity, Equality and Inclusion initiative at the UK Company Culture Awards and was awarded the Diversity and Inclusion Excellence Award at the UK Pensions Awards. In 2024. XPS was recognised as a Disability Confident Employer. In 2023 XPS was listed in The Sunday Times’s Best Places to Work 2023 (Big Company).
- Website
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http://www.xpsgroup.com
External link for XPS Group
- Industry
- Financial Services
- Company size
- 1,001-5,000 employees
- Headquarters
- Reading , Berkshire
- Type
- Public Company
- Founded
- 2018
- Specialties
- Actuarial Consulting, Defined Contribution Consulting, Defined Benefit Consulting, Investment Consulting, Pensions Administration, Risk Transfer, Fiduciary Management Oversight, Third Party Outsourcing, ESG Consulting, GMP Equalisation, Covenant, Fiduciary Management Oversight, Buyout, master trusts, and self invested pensions
Locations
Employees at XPS Group
Updates
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Big thanks to everyone who joined us today for XPS Live | Understanding Private Markets and Trading Illiquids. Thank you to our speakers: Independent Trustee Matthew Searle and XPS’s Jordan Harrison, James Kidd, CFA, and Simeon Willis. Register for our upcoming events here: https://lnkd.in/euZ9eqcB #IlliquidAssets #Investment #PrivateMarkets
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We never miss an opportunity to celebrate our employees, so we'd like to introduce you to one of the newest members of our Employee Engagement team, Claire Geekie. Not only is Claire an Employee Engagement Consultant, but she is also a key contributor to many of our employee networks, winner of the 'Ambitious' XPS Values in Practice award in 2024, and a valued member of XPS Group. Read more about what she enjoys most about her role within XPS. #BeXPS #ValuesInPractice #CrownStraightener
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Several catalysts are driving investors to increase their use of the secondary market when trading illiquid assets. In our first edition of XPS Secondary Market Watch, we examine the latest trends in pricing across different asset classes and highlight some of the key themes and discounts that have impacted the underlying sale price of private assets. Read here: https://lnkd.in/ekkquh4u #IlliquidAssets #Investment | André Kerr | Jordan Harrison | Beatrice Atena S.
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Guy Opperman, former pensions minister catches up with XPS Group, CIO, Simeon Willis, to discuss his views on productive finance and the Government’s potential direction of travel for DB and DC pension schemes. To catch the full interview join our webinar this Thursday at 3pm Understanding Private Markets and Trading Illiquids Register here https://lnkd.in/eAAUzYKx Jordan Harrison, James Kidd, CFA, Matthew Searle #XPSLive #Illiquids #PensionSchemes #Pensions #PrivateMarkets #Investment
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Private Markets – once in a generation opportunity for charity and endowment portfolios? Read more: https://lnkd.in/et5azjBn #Charities #PrivateMarkets #PensionSchemes #Investment | Loui Quelcutti, CFA | Alasdair Gill
Private Markets – once in a generation opportunity for charity and endowment portfolios?
xpsgroup.com
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In celebration of 'No Disposable Cup Day', we’re delighted to announce that the winner of our 'Design a Travel Cup Competition' is Nathaniel Warren (with help from his daughter). The group-wide competition sought to combine creativity with sustainability, engaging and educating our colleagues on this important topic. The winning design, that will now be fabricated into a real travel mug, visually combines both the essence of our brand and our commitment to nature. It's through initiatives and awareness events like this that we hope to continue to have a positive impact on the environment, encouraging others to do the same and strive for a more sustainable future. Congratulations Nathaniel! #BeXPS #EveryDayIsEarthDay #NoDisposableCupDay
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TPR’s interim response to statement of strategy consultation released Read more: https://lnkd.in/enxZC7CM #StrategyConsultation #TPR #DBschemes #PensionSchemes #Pensions | Sarah Vanhouse | Pauline McConville
TPR’s interim response to statement of strategy consultation released
xpsgroup.com
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XPS is delighted to support TeamPolice at the Women’s Rugby International Event. For XPS, it is a natural fit to support TeamPolice with the great work that they do. TeamPolice plays a fantastic role in supporting the health and wellbeing of active and retired officers and we welcome the opportunity to continue to offer our support. We have a long-standing partnership with many police forces in England and Wales, administering pensions for 33 of the 43 Police forces in the UK. #TeamPolice #BeXPS #PensionSchemes #Administration
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DB pension surpluses increase slightly over September, XPS analysis finds https://lnkd.in/ePSzv_fj #DBUK #DBPensions #PensionsSurplus #Pensions #Funding | Henry Shore
DB pension surpluses increase slightly over September, XPS analysis finds
xpsgroup.com