XPS Pensions Group PLC - Reading, England-based pension consultancy - Enters strategic alliance with Edinburgh-based investment company and asset manager abrdn PLC. The alliance will launch a UK-defined benefit master trust in the second quarter of 2022. XPS will provide the actuarial and investment consulting, administration, secretarial and covenant services to the master trust.
The company says: "The abrdn pensions master trust will use abrdn's investment expertise and scale and XPS's high-quality service delivery, to help small and medium-sized schemes set their pensions strategy and then deliver this within an efficient operational model."
Current stock price: 123.40 pence, down 2.8% in London
12-month change: down 0.5%
By Heather Rydings; heatherrydings@alliancenews.com
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Xps Pensions (XPS)
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