XPS publishes on its website:
“XPS Pensions Group plc (“XPS”), the UK specialist in pensions, investment and administration services, is pleased to announce their acquisition of RL Corporate Pension Services Limited (RLCPS) from The Royal London Mutual Insurance Society Limited.
RLCPS provides pensions actuarial, consulting and administration services to 150 smaller defined benefit (“DB”) pensions schemes, covering 8,000 scheme members. The acquisition will strengthen XPS’s presence in the market for provision of full services to smaller DB pension schemes.
It is in line with XPS’s continued focus to become the pre-eminent pensions consultancy in the UK, and strengthens XPS’s capability in delivering a tailored service suitable for the whole spectrum of DB schemes, from small to very large
RLCPS will be acquired for a total consideration of £4.8 million in cash upon completion and will see 46 employees transferred to XPS’s Edinburgh office.”
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