Xafinity Pension Trust (XPT) PPF Solutions address the governance challenges of DC sections of DB schemes seeking to enter the PPF.  

Members’ DC benefits can be transferred to XPT on a bulk basis, removing the costs and compliance hassles from the trustees, allowing the scheme to progress towards the PPF.  

Similarly to S32 policies, benefits can be assigned into XPT on a non-consent basis. However, unlike S32 policies, XPT is managed by a Professional Trustee, whose sole objective is to look after members’ benefits, offering high levels of support, governance and communications.  

XPT PPF Solutions has a number of advantages over S32 policies, which include:

• support to assist members in selecting an appropriate investment strategy;
• continual review of the asset allocation and investment managers used to provide this strategy;
• comprehensive retirement support to assist members in selecting the right form of benefits for them personally, as well as the most competitive terms available;
• automatic payment of lump sum death benefits tax-free;
• ability to negate the impact of MVAs on with-profits policies, subject to certain conditions;
• less time consuming and cheaper transition phase for the trustees.  

On request, Xafinity will prepare a complimentary initial report for your scheme, comparing the options available.

The practical aspects of moving benefits from current arrangements into XPT are straightforward and can be achieved without the need for members to become involved. Xafinity will guide you through the whole process.