Displaying items by tag: XPS
Pension transfer values bounce back in June
After an unsteady period, defined benefit (DB) pension transfer values increased to a record high during June and the number of members taking a transfer value rebounded strongly too.
XPS reports flat profits but positive about future
Pension group XPS has reported flat profits for the 12 months ending 31 March at £11.4m but remains positive about the year ahead.
DB transfer values start to recover
Defined benefit transfer values rose nearly 4% during May with the number of members taking a transfer value also increasing from the record low observed in April.
Transfer values slump as Covid-19 hits
Defined benefit transfer values slumped by 3% in March and the number of members asking for a transfer value fell to a record low, according to figures released by the XPS Transfer Watch today.
XPS Transfer Index pushed up by Coronavirus fears
Defined benefit pension transfer values rose in February with Coronavirus fears spurring the rise, according to the XPS Transfer Watch Index, a monthly study of transfer values.
XPS Pensions backs campaign for disabled staff
XPS Pensions Group has signed up to support the Valuable 500, a global movement which puts ‘disability inclusion’ on the business leadership agenda.
Transfer values ‘volatile’ over September, XPS data reveals
73% of pension schemes ‘need to combat climate change’
XPS Administration gets top employment award
XPS Pensions makes new senior risk hire
XPS Pensions Group (XPS) has appointed Harry Harper as head of risk transfer, the firm has revealed.
The firm says the new hire will “further build upon XPS’s capabilities to engage and assist clients in reaching their end-goal of buyout”.
Prior to joining XPS, Mr Harper led JLT’s buyout and buy-in team for two years and prior to that was a member of Mercer’s buyout team.
He was responsible for the UK’s first “all risks” insurance transaction, the first buyout from Pension Protection Fund assessment and the first online bulk annuity e-auction.
Patrick McCoy, head of advisory at XPS Pensions Group, said: “Harry is a perfect fit for XPS, with his experience of innovative bulk annuity transactions, covering multi billion pound pension schemes down to the more modest regional schemes.
“This will strengthen our offering and ability to serve the full range of pension schemes, to the very highest standard.”
Mr Harper said: “I am excited to join XPS, a fast growing and ambitious organisation with a clear aim of putting scheme’s interests at the very front of everything we do.
“I look forward to the opportunity to rapidly drive the pensions risk transfer industry forward.”