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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
|
|
|---|---|---|---|---|
| 3.00 | 0.95% | 320.00 | 16:35:21 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 317.00 | 317.00 | 323.00 | 320.00 | 317.00 |
| Industry Sector |
|---|
| GENERAL FINANCIAL |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 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 |
| 27/06/2019 | Final | GBP | 0.043 | 29/08/2019 | 30/08/2019 | 26/09/2019 |
| Top Posts |
|---|
Posted at 18/7/2024 08:18 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 22/6/2024 01:43 by johnrxx99 Deutsche Bank raises XPS Pensions target to 330 (310) pence - 'buy' |
Posted at 20/6/2024 07:13 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. |
Posted at 20/6/2024 07:12 by johnrxx99 Excellent results for all metrics. The figures are either on or above concensus, well my figures version of them, and dividend up by 19% YOY. |
Posted at 11/6/2024 07:53 by melody9999 RBC RAISES XPS PENSIONS GROUP PRICE TARGET TO 315 (270) PENCE - 'OUTPERFORM' |
Posted at 08/5/2024 08:04 by johnrxx99 Deutsche Bank starts XPS Pensions group with 'buy' - price target 310 pence |
Posted at 15/3/2024 06:49 by robsy2 Indeed!Thanks for sharing, sums up the attractions of XPS nicely. XPS has plenty of scope to make more takeovers as well. |
Posted at 15/3/2024 05:43 by johnrxx99 From Abrbn Smaller Co annual report on 27 Feb 2024 regarding new holdings to the fund:-XPS Pensions is one of the largest pensions consultancy and advisory businesses in the UK. The nature of its services means its business is highly recurring and should be non-cyclical. Whilst the company has demonstrated its ability to grow organically in a lacklustre market, regulatory changes and pension market volatility have caused an acceleration in activity and demand from clients. XPS has been taking market share and the supportive end markets give it additional support to grow revenues, but also to gain new customers. There is potential for margin expansion from a combination of a more attractive mix shift in services, control of lower profitability accounts, implementation of IT administration systems and wage inflation under control; all providing the business potential for operational leverage. Better late than never :-) |
Posted at 25/1/2024 07:16 by johnrxx99 XPS Pensions Group is a leading pension consulting and administration business focused on UK pension schemes. XPS combines expertise, insight and technology to address the needs of over 1,500 pension schemes and their sponsoring employers on an ongoing and project basis. They undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 81 with assets over £1bn. |
Posted at 17/10/2023 13:34 by kalai1 XPS Pension plc issued a post close trading update for the HY ended 30th September this morning. Strong trading momentum from H2 last year has continued and HY Group revenues have grown 23% year on year to £94.5 million, 19% organically. Strong demand across all the Group’s services, new clients, and the inflation-linkage of contracts across the business all contributed to the growth. Guidance was positive, valuation is average with forward PE ratio at 14.5x, while the share price remains in a solid uptrend. The balance sheet is also reasonably healthy. A pretty solid investment case. BUY......from WealthOracle |
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