XPS Pensions reports 12% revenue growth in first half

XPS Pensions Group plc reported a 12% increase in revenue for the six months ending September 30, with organic growth of 11%, according to a press release. Advisory revenues rose 14% year on year, driven by increased demand from regulatory changes, while administration revenues grew 10% and Self-Invested Personal Pension revenues expanded by 7%.

The company credited this growth to the Pensions Act 2025, which is expected to increase demand as well-funded defined benefit schemes evaluate options for surplus release. Austin Professional Resourcing LLP, acquired on July 31, is performing as expected, and the group's APR resources are being deployed to support insurance opportunities.

XPS Pensions provides consulting and administration services to over 1,300 UK pension schemes and insurance companies, managing pensions for approximately 1.2 million members.

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