Xps Pensions Group
XPS Pensions Group is a UK FTSE 250 pensions consultancy and administration firm serving more than 1,300 pension schemes and 1.2 million members across advisory, administration, trustee, covenant, investment consulting and insurance consulting services.
- Company typePublic
- Founded2017
- HeadquartersLondon, United Kingdom
- Headcount1,001–5,000
- GTM typeB2B
- OfferingServices
What Xps Pensions Group does
XPS Pensions Group plc is a UK specialist pensions consultancy and administration firm listed on the London Stock Exchange (FTSE 250, ticker: LON:XPS) since 2017. It serves more than 1,300 UK pension schemes covering approximately 1.2 million members, with a particular concentration of mandates among large schemes (86 schemes with assets over £1bn advised). The company is organised around six core service lines — pensions advisory, covenant advisory, investment consulting, administration, trustee and governance services, and insurance consulting — supplemented by a growing technology and trackers portfolio and a Self Invested Pensions (SIPP/SSAS) business. The group was built primarily through seven acquisitions since IPO, including Xafinity (2017), Hazell Carr (2018), MJF (2021), Penfida (2022) and Polaris Actuaries (2025), with a further actuarial acquisition (APR) announced in 2026 to deepen insurance consulting capabilities.
The company's technology stack is anchored by proprietary platforms including XPS Xchange (a secondary-market venue for trading illiquid pension scheme assets such as private equity and private credit, which has facilitated over £330m of deals since its August 2024 launch), XPS Orbital (a real-time financial data solution for insurers), XPS Catalyst (a buyout accelerator for sub-£15m schemes) and XPS Integrated Run-On, alongside a suite of market trackers covering DB funding, DC savings, bulk annuity pricing, mortality, transfer activity and scam forensics. XPSArena, a digital learning hub with over 1,000 pensions professional users, supports thought-leadership distribution and CPD-eligible training, doubling as a marketing channel for the advisory franchise.
XPS generates revenue through professional services fees (Advisory: £150.1m in FY2026) and recurring administration and SIPP/SSAS subscriptions (Administration: £98.7m; SIP: £13.9m), with approximately 90% of revenue recurring and 91% operating cash conversion. The GTM motion is consultative and sales-led, directed at UK DB and DC pension scheme trustees, insurers and corporate sponsors, supported by industry events, content marketing and analyst coverage from six buy-rated brokers. FY2026 group revenue was £262.7m, up 13% YoY (12% organic), with adjusted diluted EPS of 22.3p.
Xps Pensions Group firmographics
Firmographics- Name
- Xps Pensions Group
- Legal name
- XPS Pensions Group plc
- Website
- https://xpsgroup.com
- Company type
- Public
- Founded year
- 2017
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- XPS Pensions Group is a UK FTSE 250 pensions consultancy and administration firm serving more than 1,300 pension schemes and 1.2 million members across advisory, administration, trustee, covenant, investment consulting and insurance consulting services.
- Ownership category
- akta.pro rank
Xps Pensions Group industry classification
Industry- Product category
- Pensions Consulting and Administration
- NAICS
- Portfolio Management and Investment Advice (523940)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Employer Retirement Plan Advisory (401(k)/Pension) (FSAEABAE)
- akta.pro secondary industries
- Pensions & Retirement Benefits Administration (BPAIAKAA), Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH), Digital Retirement Platforms (IRA/401(k), Pension & Decumulation) (FSAGAEAF)
Keywords
Where Xps Pensions Group is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Xps Pensions Group business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Advisory Services: Revenue from actuarial consulting, investment consulting, and insurance consulting services. FY2026: £150.1 million. This includes pensions advisory, covenant advisory, investment consulting, trustee and governance services, and insurance consulting following Polaris acquisition.
- Administration Services: Revenue from pension administration services to UK pension schemes. FY2026: £98.7 million. Provides ongoing administration for defined benefit and defined contribution schemes.
- Self Invested Pensions (SIP): Revenue from SIPP and SSAS administration services. FY2026: £13.9 million. Includes XPS SIPP, SimplySIPP, MJF SIPP, and SSAS products.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | One time/ perpetual license | Trustee Knowledge and Understanding Training - £375+VAT per delegate |
Go-to-market motion1 record
Distribution channels1 record
Marketing channels6 records
Xps Pensions Group product offering
Product offeringCore offering
XPS Pensions Group is a UK specialist pensions consultancy and administration firm delivering actuarial, investment, covenant, insurance, and trustee advisory services alongside ongoing pension administration for defined benefit and defined contribution schemes. The firm also operates Self Invested Personal Pension (SIPP) and Small Self Administered Scheme (SSAS) products and has developed proprietary technology platforms (XPS Xchange, XPS Orbital, XPS Catalyst, XPS Integrated Run-On) and a digital learning hub (XPSArena) to support pension scheme decision-making, de-risking, and illiquid asset trading.
Product overview
XPS Pensions Group is a UK-based pensions consulting and administration firm offering a comprehensive suite of services and technology solutions. The company operates a platform-plus-products model combining core consulting services (pensions advisory, covenant advisory, investment consulting, administration, trustee services, insurance consulting) with proprietary technology platforms including XPSArena (digital learning hub), XPS Xchange (illiquid asset trading marketplace), and XPS Orbital (real-time insurance data solution). The company also provides an extensive range of tracker and analytics tools including XPS DC:UK Savings Watch, XPS DB:UK Tracker, XPS Bulk Annuity Market Tracker, XPS Transfer Watch (with Transfer Activity Index, Transfer Value Index, and Scam Forensics sub-products), XPS Scenario Analytics, and XPS Mortality Tracker. Additional solutions include XPS Integrated Run-On and XPS Catalyst for scheme de-risking.
Differentiator
Problem solved
Functional benefit
Products and services
- Pensions Advisory Actuarial consulting, risk transfer advisory, scheme funding assessments, GMP equalisation, and de-risking strategy for UK defined benefit and defined contribution pension schemes and their trustees.
- Covenant Advisory Advisory service assessing employer covenant strength, contingent support, and strategic pension risk for sponsoring employers of UK DB pension schemes.
- Investment Consulting Investment consulting for pension schemes including fiduciary management, ESG integration, and illiquid asset strategy.
- Pension Administration Ongoing pension administration services for defined benefit and defined contribution schemes, including client communications, member servicing, and police/fire service scheme administration, covering 1.2 million members.
- Trustee and Governance Services
Quantifiable outcome
- Delivered 13% revenue growth in FY2026 with £262.7 million revenue
- +4 more outcomes
Companies that use Xps Pensions Group
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
Xps Pensions Group technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature12 records
Xps Pensions Group partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Dalriada TrusteescoreDalriada Trustees, a professional trustee services provider, uses XPS Xchange platform to facilitate illiquid asset trading for pension schemes. In June 2025, Dalriada completed a ~£5 million Private Equity holding sale through the platform, enabling efficient secondary market execution.
- APR (Actuarial Consultancy)coreXPS announced acquisition of actuarial consultancy APR to accelerate growth of its Insurance Consulting practice. APR brings additional actuarial expertise to expand XPS's service capabilities in the insurance sector following the Polaris acquisition.
Scale indicators19 records
Recent moves8 records
Expansion highlights5 records
Xps Pensions Group competitors and assessment
Company assessmentDirect peers
- Hymans Robertson: UK actuarial and pensions consultancy offering advisory, investment consulting, and administration to DB and DC schemes. Closest direct competitor to XPS in the UK mid-market pensions consulting space, with comparable service lines across advisory and administration.
- Isio: UK pensions and actuarial consultancy formed from Deloitte's UK pensions business, providing pensions advisory, investment consulting, and scheme administration. Direct competitor to XPS across the same UK employer-sponsored scheme advisory and administration value chain.
- Lane Clark & Peacock (LCP): UK actuarial, investment, and pensions consultancy serving DB and DC schemes with advisory, investment consulting, and analytics. Competes directly with XPS for trustee advisory mandates, actuarial valuations, and large-scheme consulting relationships.
- Barnett Waddingham: UK pensions and employee benefits consultancy offering actuarial consulting, investment consulting, and scheme administration. Direct peer to XPS across pensions advisory and administration services targeting UK DB and DC schemes.
- Broadstone: UK pensions, employee benefits, and actuarial consultancy providing advisory, investment consulting, and administration to mid-market and large schemes. Direct peer to XPS in the UK pensions advisory and administration market.
- Quantum Advisory: UK actuarial and pension scheme advisory firm focused on DB and DC scheme consulting, with trustee support and pensions administration. Specialist UK pensions peer comparable to XPS's core pensions advisory book.
Broad incumbents
- Willis Towers Watson (WTW): Global consulting, broking, and advisory firm with a substantial UK pensions practice covering actuarial, investment consulting, and administration. Broader portfolio and global scale make it a broad incumbent peer competing for the same UK scheme mandates as XPS.
- Mercer (Marsh McLennan): Global investment consulting and pensions advisory arm of Marsh McLennan with deep UK pensions practice spanning actuarial, investment, and scheme administration. Broad incumbent offering many overlapping capabilities to corporate pension schemes.
- Aon: Global advisory and brokerage firm with a UK actuarial and pensions consulting practice covering scheme advisory, investment consulting, and bulk annuity transaction support. Broad incumbent competing with XPS for corporate pension scheme mandates.
Emerging players
- Capita (Pensions): UK administration and outsourcing provider with a pension administration unit serving DB and DC schemes. Comparable to XPS's administration segment (£98.7M in FY2026), though its offerings are weighted more to administration than actuarial advisory.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks5 records
Key highlights7 records
Customer concentration
Xps Pensions Group social profiles
Digital presenceXps Pensions Group compliance and trust
Trust signalCompliance1 record
Xps Pensions Group financial estimates
Financial estimateRevenue estimate
Valuation estimate
Xps Pensions Group leadership team
Management profileNumber of profiles
Profiles4 records
Xps Pensions Group subsidiaries and ownership
Company hierarchySubsidiaries19 records
Xps Pensions Group funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Xps Pensions Group M&A and investment
M&A and investmentM&A4 records
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Xps Pensions Group
What does Xps Pensions Group do?
XPS Pensions Group is a UK specialist pensions consultancy and administration firm delivering actuarial, investment, covenant, insurance, and trustee advisory services alongside ongoing pension administration for defined benefit and defined contribution schemes. The firm also operates Self Invested Personal Pension (SIPP) and Small Self Administered Scheme (SSAS) products and has developed proprietary technology platforms (XPS Xchange, XPS Orbital, XPS Catalyst, XPS Integrated Run-On) and a digital learning hub (XPSArena) to support pension scheme decision-making, de-risking, and illiquid asset trading.
Is Xps Pensions Group a public or private company?
Xps Pensions Group is a public company. It is classified as public and is currently operating.
When was Xps Pensions Group founded?
Xps Pensions Group was founded in 2017. It employs 1,001 to 5,000 people.
Where is Xps Pensions Group based?
Xps Pensions Group is headquartered in London, United Kingdom, in the Europe region.
How does Xps Pensions Group make money?
Three revenue lines are on record. Advisory Services are the primary driver. The others are administration Services and self Invested Pensions (SIP).
Who are Xps Pensions Group's main competitors?
Direct peers on record are Hymans Robertson, Isio, Lane Clark & Peacock (LCP), Barnett Waddingham, Broadstone and Quantum Advisory. Broad incumbents are Willis Towers Watson (WTW), Mercer (Marsh McLennan) and Aon. Capita (Pensions) is listed as an emerging player.
Does Xps Pensions Group have an API?
No public API is recorded for Xps Pensions Group.
What industry is Xps Pensions Group in?
Xps Pensions Group's product category is Pensions Consulting and Administration. Its primary akta.pro industry code is FSAEABAE, Employer Retirement Plan Advisory (401(k)/Pension), with a secondary code of BPAIAKAA, Pensions & Retirement Benefits Administration. Its NAICS code is 523940 and its SIC code is 6282.