XPS launches small scheme bulk annuity service

Fixed fee Xpedite service aims to improve buy-in process for smaller schemes

Martin Richmond
clock • 1 min read
Purves: "Xpedite will offer smaller smaller schemes an efficient and predictable route to buyout"
Image:

Purves: "Xpedite will offer smaller smaller schemes an efficient and predictable route to buyout"

XPS Pensions Group has today (26 September) announced the launch of Xpedite, a bulk annuity service aimed at smaller pension schemes.

Developed in collaboration with several UK insurance providers, Xpedite is targeted towards schemes with assets under management of £100m or less. The service will aim to provide these schemes w...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Defined Benefit

Tender Watch: Cadent Gas Pension Trustee selects Northern Trust as custodian

Tender Watch: Cadent Gas Pension Trustee selects Northern Trust as custodian

Appointment follows detailed due diligence exercise that was managed independently

Professional Pensions
clock 30 October 2024 • 1 min read
Mixed industry views on DB run-on, SPP finds

Mixed industry views on DB run-on, SPP finds

SPP and APL survey of pension professionals finds minority think run-on is viable long-term strategy

Jasmine Urquhart
clock 23 October 2024 • 1 min read
One third of DB schemes report rise in running costs

One third of DB schemes report rise in running costs

TPT research finds on average DB scheme running costs rose by 37% in the last year

Martin Richmond
clock 24 September 2024 • 2 min read
Trustpilot