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SSAS and SIPP growth boost XPS results
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Pensions and SIPP firm XPS Group has reported a 23% growth in revenues to £94.5m for the latest half year.
Rapid growth in workplace pensions stalls
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After years of sharp growth in participation during the roll-out of auto enrolment, workplace pension growth has stalled, according to new data from the Department for Work and Pensions.
Annuity rates climb to 7.25% for 65-year-old
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Average annuity rates climbed to 7.25% for a 65-year-old in September, up from 7.11% in June, according to the Standard Life Annuity Rate Tracker.
Pension 'pot for life' predicted for Autumn Statement
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Pensions could become more like a bank account into which different employers have to pay, under a shake-up expected in the Autumn Statement.
Read more: Pension 'pot for life' predicted for Autumn Statement
XPS completes £42.5m Master Trust sale to SEI
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XPS Pensions Group has completed the £42.5m sale of XPS Pensions (Nexus) Limited, principal employer and scheme funder of the National Pensions Trust (NPT), to SEI.