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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Xps Pensions Group Plc | XPS | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 5.00 | 1.45% | 349.00 | 12:35:13 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 340.00 | 340.00 | 350.00 | 349.00 | 344.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 21/11/2024 | Interim | GBP | 0.037 | 09/01/2025 | 10/01/2025 | 07/02/2025 |
| 20/06/2024 | Final | GBP | 0.07 | 22/08/2024 | 23/08/2024 | 23/09/2024 |
| 23/11/2023 | Interim | GBP | 0.03 | 11/01/2024 | 12/01/2024 | 05/02/2024 |
| 22/06/2023 | Final | GBP | 0.057 | 24/08/2023 | 25/08/2023 | 21/09/2023 |
| 24/11/2022 | Interim | GBP | 0.027 | 05/01/2023 | 06/01/2023 | 02/02/2023 |
| 23/06/2022 | Final | GBP | 0.048 | 25/08/2022 | 26/08/2022 | 22/09/2022 |
| 25/11/2021 | Interim | GBP | 0.024 | 06/01/2022 | 07/01/2022 | 03/02/2022 |
| 24/06/2021 | Final | GBP | 0.044 | 26/08/2021 | 27/08/2021 | 23/09/2021 |
| 26/11/2020 | Interim | GBP | 0.023 | 07/01/2021 | 08/01/2021 | 04/02/2021 |
| 25/06/2020 | Final | GBP | 0.043 | 27/08/2020 | 28/08/2020 | 24/09/2020 |
| 28/11/2019 | Interim | GBP | 0.023 | 09/01/2020 | 10/01/2020 | 06/02/2020 |
| Top Posts |
|---|
Posted at 16/10/2024 16:53 by sevenccc Would extending Employers NI to Pension Contributions put a cat among the pigeons here? Or would we ride it out without flinching?I'll be surprised if they don't at least reduce the level of tax relief on contributions and remove the IHT exemptions for those dying before 75. Not that the latter will yield them much benefit over the next few years but a further addition to their money bag over time. Hopefully it won't have a great impact on XPS either way. Settled in for the journey here unless something changes dramatically. Nice to see a 15% rise to reinforce your convictions. Let's hope it holds. |
Posted at 16/10/2024 09:27 by pyemckay i thought so too. XpS is a beneficiary of any pension changes. I had 2 bites at the cherry 206 and 308 over the years but I would seriously add again if i see a pullback. |
Posted at 16/10/2024 09:11 by nfs Surely the budget will be such that XPS will be benefiting? |
Posted at 16/10/2024 09:09 by melody9999 Thought the Canaccord note was a cop out....or just lazy."Given the upcoming UK budget (30 October), we believe it sensible to err on the side of caution and wait for clarity on this event before refining forecasts." Surely they should revise forecasts today based on actual company performance and outlook, and not what may or may not come from the Budget? After all, if the Budget throws something from left field that unexpectedly affects XPS (positive or negative) they can say this without egg on face. ...........But if they want to take this line, at least let us know what factors might be in the Budget that lead them to take this approach. |
Posted at 16/10/2024 06:13 by rik shaw Trading updateThe Group has continued to perform strongly with revenues from continuing operations growing 23% year on year. "We are pleased to be on course for another strong financial performance for the year. We have seen good growth as we have responded to high client demand, including in areas that we have invested in over recent years such as our risk transfer advisory capability and in public sector administration. We grew strongly in the two prior years, so to achieve further like-for-like growth of over 20% in addition to that is very pleasing. |
Posted at 02/10/2024 09:23 by melody9999 Just listening to the Gresham House SEC presentation. I was aware from RNS they had been selling down their position in XPS. It had become overweight at over 20% of their portfolio ....100% more than any other holding.They have now reduced to under 10% which is in line with other key position sizes. They retain their conviction in XPS 'have a positive outlook on the business over the next few years' which suggests to me they have likely finished selling. |
Posted at 10/9/2024 07:10 by johnrxx99 The aggregate surplus of defined benefit (DB) pension schemes in the UK on a long-term targets basis remained unchanged at approximately £176bn in August, according to analysis from XPS Group.At the end of the month, DB scheme assets totalled £1,462bn and liabilities stood at £1,286bn. The aggregate DB scheme funding level continued to be “extremely positive” at 114 per cent of the long-term value of liabilities. |
Posted at 29/8/2024 21:12 by pyemckay ://www.pensions-expe |
Posted at 18/7/2024 07:18 by johnrxx99 More FTSE-listed companies look to access pension surpluses - FT 16 JulyGrowing numbers of FTSE-listed companies are looking to unlock pension fund surpluses in an emerging trend that could lead to billions of pounds being returned to employers in the coming years. Defined-benefit plans — which promise guaranteed retirement payouts to members — were once commonplace in the UK private sector but were replaced by riskier defined-contribution plans, deemed less expensive for employers to run. Employers with DB plans have traditionally targeted arrangements where they pay an insurer to take over responsibility for pension payments. But a dramatic improvement in scheme funding positions in recent years is leading more employers to pause buyout plans and instead consider “running on” their scheme to access surplus that has accrued, according to consultants. “The question of the hour is what schemes are doing with that surplus,” said Matt Tickle, chief investment officer with Barnett Waddingham, who estimates that about £45bn of surplus is sitting in FTSE 350 company pension funds. “For most, buyout via an insurer is still a sound decision — but in a recent survey we found that one-third of schemes are already considering whether running-on is a viable option.” Line chart of showing UK pensions plans swing from deficit to surplus Driving the rethink is a sharp improvement in funding positions of the just over 5,000 corporate DB pension plans in the UK. A significant increase in bond yields since September 2022’s gilt crisis has reduced the value of pension scheme liabilities, more than offsetting a corresponding fall in scheme assets. About 90 per cent of 5,050 private sector DB pension schemes are in surplus, up from 57 per cent of 5,200 plans in 2021, according to Pension Protection Fund analysis, with an aggregate surplus of roughly £469bn in May this year. Aon, the global professional services firm with 6,000 staff in the UK, is taking steps to make use of a “substantial&# With the support of the scheme’s trustees, the company is consulting with staff on changes that would allow the DB surplus to be used to meet contributions costs in its defined contribution retirement plan, potentially amounting to “tens of millions”. “This does require trustee agreement in most cases but it doesn’t need new legislation,” said John Harvey, partner with Aon. “The immediate benefit is to Aon’s cash flow.” Harvey added there were no current plans for Aon to use the surplus for anything other than funding the pension bill for the DC scheme. The group’s move comes as the market for insurance buyouts remain strong, with a record £50bn in deals expected to be brokered this year, according to actuarial consultancy LCP. “At some point we still intend to insure, this isn’t a forever decision,” he said. XPS, which provides pension advice to FTSE-listed companies, said it had implemented “surplus extraction” for two of its clients at the “larger end of the market”, with the freed cash also used to fund DC pension contributions. “In one case, the surplus was large enough to fund DC contributions for the next 10 to 15 years,” said Tom Froggett, partner with XPS, adding that surplus extraction was “the hot topic of the moment among trustees and schemes”. While some employers have made moves to extract surplus, many employers are awaiting further direction from the newly elected Labour government before deciding their position on surplus. An XPS survey in May this year, representing 300 schemes with £420bn in assets, found 57 per cent of employers would look to run on their schemes to use surplus if the government introduces legislation that allows them to override their existing scheme rules to permit surplus extraction. “The pensions industry is waiting to see what the next government does,” James Chemirmir, pensions director at Kingfisher told the Financial Times. “Only then will we know the range of options available as to how future surpluses could be used.” While surplus extraction may be the subject of more boardroom discussions, running a scheme on would mean that it remained on the employer’s balance sheet. “Ultimately, any employer that is considering a run-on strategy will need to weigh up the benefits of doing so against the risks,” said Froggett. “They need to be comfortable that the net position is favourable.” |
Posted at 20/6/2024 06:13 by johnrxx99 Paul Cuff, Co-CEO of XPS Pensions Group, commented:"We are delighted to announce another year of record growth, encompassing multiple financial upgrades during the period. Our prior year was strong too, so to carry on our positive momentum and achieve total group revenue growth of 21% is really pleasing. It is also great that this was achieved with double digit growth in every one of our core divisions - actuarial, investment consulting, administration, and our SIP business. We have seen continued growth in areas that we have invested in, such as our risk transfer team, and in services that we provide directly to insurers. We have also enjoyed playing an active role in the debate about the future of our industry in the new age of better funded defined benefit schemes; we look forward to continuing to advise our clients on the full range of strategic options available to them against the backdrop of changing regulations that are coming their way. Earlier this month, we were delighted to learn that XPS will be joining the FTSE 250. It is a very proud milestone for us, achieved through the hard work of our colleagues and the support of our clients and shareholders. There is much yet to come and we remain very excited about the next stage of our journey. |
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