XPS Pensions reports continued strong trading with broad-based growth

(Alliance News) - XPS Pensions Group PLC on Tuesday said strong revenue growth coupled with disciplined cost management means it is confident of meeting full year expectations.

Shares in the Reading, England-based pensions consultant and administrator rose 2.1% to 323.00 pence each in London on Tuesday.

In a post-close trading update for the financial year to March, XPS said it has continued to perform strongly with revenues growing 13% on-year, with organic growth of 7% "particularly pleasing" given the very strong comparative prior year performance.

The firm flagged good performance across all service lines, with new client wins in all areas and project wins in Risk Transfer, Insurance Consulting and Administration.

Chief Executive Paul Cuff said: "We are very pleased with the full year performance of the group, with another period of excellent growth. Our strong organic performance has been supplemented by the acquisition of Polaris, which is increasingly contributing to group performance and supporting demand across the group."

By Jeremy Cutler, Alliance News reporter

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