Xps Pensions Regulatory News (XPS)

XPS appointed to provide administrative services to the John Lewis Partnership Pensions Trust

13th November 2023

XPS Pensions Group, a leading independent pension consulting and administration business focused on UK Pension Schemes, has been appointed to provide administration services for the John Lewis Partnership Pensions Trust ("Scheme") following a competitive selection and tendering process facilitated by Cosan Consulting Limited.

XPS provides market leading pensions administration services with over 45 years' experience of providing services to pension schemes. It has a long-term commitment to the administration market, evidenced by the significant financial investments the business has made in technology, to create an industry leading administration platform.

It is a people-centric business, evidenced by its 'Investors in People' accreditation and the range of networks and support groups it has established.

The John Lewis Partnership (JLP) is the UK's largest employee-owned business and parent company of the John Lewis and Waitrose retail brands, which are owned in Trust by over 74,000 Partners. The Scheme covers nearly one hundred and sixty-five thousand members.

David Watkins, Managing Director of XPS Administration, said: "We are thrilled to be appointed by the Trustee of the John Lewis Partnership Pensions Trust to deliver a first-class service to their membership. We look forward to creating a long lasting and collaborative partnership, to provide the best possible experience for the membership and are excited about delivering the shared vision we have for the future administration of the Scheme."

Dave Suddock, Director of People Operations for the John Lewis Partnership added: "Partnering with XPS will help us provide the best possible service for our members, including online access to their pension details. We're delighted to be working with XPS at a time when the John Lewis Partnership pension scheme has never been in a healthier position."

ENDS

For more information please contact:

XPS Pensions Group Plc

Snehal Shah

CFO

+44 (0)20 3978 8626

Camarco

Gordon Poole

Rosie Driscoll

+44 (0)20 3757 4981

About XPS Pensions Group

XPS Pensions Group is a leading independent pension consulting and administration business focussed on UK pension schemes. XPS combines expertise, insight and technology to address the needs of over 1,500 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 81 with assets over £1bn.

In 2023 XPS won three categories at the Professional Pensions UK Pension Awards -Third Party Administrator of the Year, Fiduciary Evaluator of the Year and Diversity and Inclusion Excellence Award. XPS was also awarded Best Pensions Adviser at the 2023 Corporate Adviser Awards.

In 2022 XPS was awarded Actuarial/Pensions Consultancy of the Year, Investment Consultancy of the Year and Third-Party Administrator of the Year at the UK Pensions Awards. This was the first time any business has won all three categories outright in a single year. XPS has been awarded Third-Party Administrator of the Year in four of the past five years, Actuarial/Pensions Consultancy in three of the last five years and Investment Consultancy of the Year in two of the past three years at the UK Pension Awards.

XPS Pensions Group has been named one of the Sunday Times's Best Places to Work 2023 (Big Companies). XPS was also ranked Gold in the Employee Engagement category and Silver in the Employee-Centric Company category at the 2020 UK Employee Experience Awards. XPS Pensions Group also won two awards at the 2020 Business Culture Awards winning Best Business Culture Transformation Initiative and the overall Gold Award winner for Business Culture.