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XPS Pensions reports revenue growth as master trust business grows

By BFN News | 09:20 AM | Thursday 22 October, 2020


Retirement and benefits consultancy XPS Pensions Group reported a 9% increase in revenue for the six months to the end of September 2020. its investment consulting arm grew by 29% during the period, buoyed by project work as a direct result of COVID-19 related market volatility. Elsewhere, its multi-employer pension offering, The National Pensions Trust, reported a 27% increase in revenue as markets recovered and more clients joined. Its assets under management crossed the £1 billion mark during the period. XPS's pensions actuarial and consulting business grew by 4% year on year, while its administration business grew by 13%. At 9:20am: (LON:XPS) XPS Pensions Group PLC share price was +2p at 122p Story provided by StockMarketWire.com

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