Transaction was first announced in July with completion subject to regulatory approvals
The combined master trust will have assets under management of £3.4bn
Firm said discussions are ‘ongoing’ and a further announcement will be made
Firm also saw strong growth across its advisory and administration businesses
Trading update reveals strong performance across all of the consultant’s divisions
Strategy will be guided by ESG principles and in line with Paris Agreement objectives
The National Pension Trust also saw year-on-year growth of 38%
Some 87% of master trusts support future collaborative efforts to overcome barriers to good service delivery, the Pensions Management Institute (PMI) says.
Xafinity has made Dave Hodges head of the National Pension Trust to help grow the master trust's proposition.
Xafinity has announced it will float on the London Stock Exchange from 16 February in a bid to grow the business and "disrupt" the wider consultancy market.