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XPS Pensions reports revenue growth as master trust business grows
StockMarketWire.com
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Retirement and benefits consultancy XPS Pensions Group reported a 9% increase in revenue for the six months to the end of September 2020.
its investment consulting arm grew by 29% during the period, buoyed by project work as a direct result of COVID-19 related market volatility.
Elsewhere, its multi-employer pension offering, The National Pensions Trust, reported a 27% increase in revenue as markets recovered and more clients joined. Its assets under management crossed the £1 billion mark during the period.
XPS's pensions actuarial and consulting business grew by 4% year on year, while its administration business grew by 13%.
At 9:20am: (LON:XPS) XPS Pensions Group PLC share price was +2p at 122p
Story provided by StockMarketWire.com
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