Media Releases

Jay Khimji joins Xafinity plc from KPMG

Xafinity Group, the UK specialist in pensions actuarial, consulting and administration services, announces the appointment of Jay Khimji to continue the growth of the pensions business.  He joins from KPMG where he was a Senior Scheme Actuary and will be based in Reading. 

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20th July 2017

Volatility in transfer values for Q2 2017

During June 2017 transfer values (as measured by the Xafinity Transfer Value Index) continued to fluctuate. Transfer values decreased by 3.7% over the month, falling to £232,000 at the end of June.

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6th July 2017

Ben Gold – Pension Investment – Xafinity comments on the FCA Asset Management Market Study Final Report

Xafinity welcomes and supports the conclusions in relation to the work of investment consultants contained in the FCA's asset management market study published today.

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28th June 2017

Sankar Mahalingham, Director, Xafinity Plc comments on the impact of the hung Parliament following the general election results

The snap general election, announced on 18th April came to its conclusion this morning with a hung Parliament. This was despite the various opinion polls suggesting a Conservative victory throughout the campaign.

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9th June 2017

Continued volatility in transfer values

During May 2017 transfer values (as measured by the Xafinity Transfer Value Index) fluctuated again, continuing the trend seen in April.  Transfer values increased by 1.7% over the month, from £237,000 to £241,000.

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8th June 2017

Dave Hodges joins Xafinity plc as Head of National Pension Trust

Xafinity Group, the UK specialist in pensions actuarial, consulting and administration services, announces the appointment of Dave Hodges as Head of the National Pension Trust.  He joins from Zurich where he was Director of Client Relations and Servicing.

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23rd May 2017

Xafinity responds to the DWP’s Green Paper consultation

Xafinity Group, the UK specialist in pensions actuarial, consulting and administration services has issued its response to the Department for Work and Pensions (DWP) Green Paper consultation on the security and sustainability in defined benefit (DB) pension schemes, published in February. In their response to this consultation Xafinity have drawn on their own experiences to offer solutions.

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19th May 2017

More volatility in transfer values

During April 2017 transfer values (as measured by the Xafinity Transfer Value Index) fluctuated, touching the previous record high in the month before falling to £237,000 at the end of April 2017.  This was an increase of just under 1% over the course of the month.

 

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11th May 2017

DB transfers skyrocket in Q1 2017 – 166% increase

Xafinity Group, the UK specialist in pensions actuarial, consulting and administration services, reports the number of defined benefit (DB) transfers completed in the first three months of 2017 has increased 166% on the same three-month period of 2016.

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24th April 2017

A period of calm for transfer values

During March 2017 transfer values (as measured by the Xafinity Transfer Value Index) stayed relatively stable – falling by a little less than 1% to £235,000.

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6th April 2017

Transfer Values Start Increasing Again

During February 2017 transfer values (as measured by the Xafinity Transfer Value Index) increased by £4,400 or 1.9%. At the end of February 2017 the Xafinity TVI stood at £237,000 which was its highest level since early November 2016.

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7th March 2017

Transfer values largely unchanged in January

Transfer values as measured by the Xafinity Transfer Value Index were largely unchanged in January 2017. The Xafinity Transfer Index on 31 January 2017 stood at £232,600 compared with £234,000 at 31 December 2016.

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21st February 2017

Xafinity joins Openwork SIPP panel

Xafinity SIPP Services Ltd has been appointed to the Openwork SIPP panel.  Members of the Openwork advice network can now recommend both the ‘full’ XafinitySIPP and its sister product SimplySIPP. 

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21st February 2017

Poor understanding leaves pension scheme members at risk

Research by Xafinity* shows that many pension scheme members are in the dark about their pension and run the risk of making poor decisions as a result. When asked whether they understand what pension they will get from their scheme, just 25% said “yes”.   Of the remainder, 34% said “no”, whilst 41% said that they had some understanding.

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1st February 2017

Xafinity SIPP & SSAS reports 20% increase in commercial property purchases

Xafinity SIPP and SSAS Services, part of the pensions specialist Xafinity Group, has reported an increasing number of investors are turning to commercial property investments.   

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12th January 2017

Xafinity appoints senior consulting actuary

Xafinity has appointed Steven Scott as a senior consulting actuary based in the firm’s Stirling office. 

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10th January 2017

Pension transfer values end 2016 up 15%

Pension transfer values as measured by the Xafinity Transfer Value Index ended 2016 up 15%. The Index increased from around £203,000 at 31 December 2015 to just over £234,000 as at 31 December 2016.

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4th January 2017

Transfer values drop slightly during November

Transfer values, as measured by the Xafinity Transfer Value Index, dropped slightly in November. The Xafinity Transfer Value Index reduced from £238,000 at the end of October to £230,000 at the end of November. This represents a drop of £8,000 or 3.5%.

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19th December 2016

MasterTrust Capital Adequacy: Let’s ensure we know what we are talking about…

The National Pension Trust welcomes the new Pensions Schemes Bill which has proposed a requirement for the financial stability of MasterTrusts. 

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24th November 2016

Pension transfer values remain high during October

Pension transfer values remained high during October despite large increases in Gilt yields, say actuaries at Xafinity. The Xafinity Transfer Value Index closed October at £238,000 slightly down on the £243,000 seen at the end of September 2016.

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10th November 2016

Xafinity appoints senior investment consultant

Xafinity has appointed Matthew Course as a Senior Investment Consultant based in the firm’s Reading office. 

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1st November 2016

National Pension Trust among the first to receive Retirement Quality Mark Accreditation from the Pensions Minister

Xafinity’s National Pension Trust is delighted to announce that it is one of the first to be presented with the Retirement Quality Mark (RQM) accreditation by Richard Harrington MP, Parliamentary Under Secretary of State for Pensions.

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20th October 2016

National Pension Trust welcomes the proposed new legislation on Mastertrusts

Xafinity’s National Pension Trust welcomes the announcement about proposed new legislation for Mastertrusts.

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20th October 2016

Increased inflation expectations push transfer values to new record levels

Transfer values (as measured by the Xafinity Transfer Value Index) ended September marginally higher, reaching a new record high. 

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12th October 2016

Xafinity appoints joint managing director

Xafinity, one of the UK’s leading pension consultancies, has appointed Paul Cuff as joint Managing Director, alongside existing Managing Director, Ben Bramhall.

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6th October 2016

Transfer values hit new record

Transfer values as measured by the Xafinity Transfer Value Index have hit a new record high: 

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8th September 2016

How pension schemes can sidestep the problems of the Gilt market

The dramatic gilt yield falls since the Brexit vote continue a 20+ year trend. Gilt yields are now at record lows.

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7th September 2016

SIPP property transfer offer extended

Xafinity offers support to advisers caught in provider consolidation.  Due to consolidation activity in the SIPP market, Xafinity is extending the deadline for its property transfer offer to advisers caught up by the recent SIPP/SSAS consolidation activity.

 

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8th August 2016

Transfer values hit new highs

Transfer values, as measured by the Xafinity Transfer Value Index, reached new highs in July 2016, reflecting record low Gilt yields.

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4th August 2016

Xafinity SIPP and SSAS reports record new business growth

Xafinity SIPP and SSAS, part of the Xafinity group, has reported significant new business growth in the first quarter of its financial year, across both its SIPP and SSAS businesses. 

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20th July 2016

Some pension schemes see deficits reduce since Brexit vote

Drops in Gilt yields observed since the Brexit vote have been well publicised, as have the increases in pension scheme deficits that have often arisen as a result. However, the impact on deficits has not been uniform. 

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13th July 2016

Pension Transfer values reach new highs

Transfer values, as measured by the Xafinity Transfer Value Index, have reached new highs since the vote to leave the European Union.

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6th July 2016

Farmland, shops and industrial property purchases remain strong in SIPPs

Xafinity has identified an increasing trend of SIPP clients buying land with their pension funds via SIPPs.  Analysis of the properties bought since the start of last year by Xafinity SIPP clients show that 12% of these were farmland or land with planning permission.

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16th June 2016

Possible scams in 11% of pension transfer cases finds Xafinity

Analysis by Xafinity, one of the UK’s leading pension consultancies, has found signs of potential scam activity in 11% of pension transfer requests. 

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25th May 2016

Member interest in transferring benefits remains high

Analysis from Xafinity shows that the number of members requesting a transfer value of their DB benefits has increased in recent months, bringing it back to within reach of the levels last seen in the immediate aftermath of Freedom and Choice.  However, the number of members actually deciding to transfer has not increased significantly despite an initial spike last year.

 

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24th May 2016

HR Trustees appoints Christina Bowyer as Trustee Director

HR Trustees Limited, the UK’s leading independent professional pensions and benefits trustee firm, is delighted to announce the appointment of Christina Bowyer as Trustee Director.

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7th April 2016

Transfer values largely unchanged in February

Following an increase of over £6,000 in January 2016, transfer values remained largely unchanged in February 2016.

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15th March 2016

National Pension Trust welcomes the Regulator’s update of its list of high quality master trusts

The National Pension Trust welcomes The Pensions Regulator’s decision to update its central list of master trusts that have obtained Master Trust Assurance Framework (MAF), and notes that the National Pension Trust has now been added to the list.

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10th March 2016

Xafinity to host webinar on trivial commutation: the most popular liability tool in 2015

Xafinity, is holding an online webinar titled Trivial Commutation: the most popular liability tool in 2015? from 10:00 to 11:00 am on Wednesday 13th April 2016.

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10th March 2016

NPT welcomes increased regulation for Mastertrusts and urges a central list of good quality Mastertrusts be kept up to date

Xafinity’s MasterTrust, the National Pension Trust, welcomes the Government’s announcement that it plans to increase the regulation of MasterTrusts to ensure members and employers are appropriately supported.

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25th February 2016

Xafinity appoints Paul Armitage as Principal Consultant

Xafinity is pleased to announce the appointment of Paul Armitage as principal consultant for Xafinity’s fully flexible DC Mastertrust, the National Pension Trust.

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17th February 2016

Pension schemes and employers embrace Integrated Risk Management concept but further work needed to implement fully

A poll of pension schemes and employers carried out by pension consultants Xafinity has found that the industry is embracing the concept of Integrated Risk Management. Of the more than 100 respondents no-one said that they saw no value in implementing Integrated Risk Management.

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11th February 2016

Transfer values recover

January 2016 saw transfer values (as measured by the Xafinity Transfer Value Index) recover somewhat from the lows seen at the end of December 2015.

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9th February 2016

Members increasingly doing the (previously) unthinkable and voluntarily giving up future DB accrual

This April’s reductions to pensions tax allowances, combined with rumours of further restrictions to be introduced in March’s Budget, are causing large number of high earners to consider voluntarily giving up the accrual of Defined Benefit pension benefits.

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2nd February 2016

SIPP and SSAS provider reports £40m worth of new properties under administration

Xafinity SIPP and SSAS, part of Xafinity Group the pensions specialists, has reported a 25% increase in commercial property investment.

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27th January 2016

National Pension Trust welcomes 68th participating employer - Approach to Freedom and Choice key to its success

The National Pension Trust has this month welcomed Ballyvesey Holdings Limited as its 68th participating employer. 

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27th January 2016

Small pot commutation the most popular liability management tool of 2015, says Xafinity

Xafinity helped 50 clients undertake small pot commutation (often known as “trivial commutation”) exercises in 2015. This is higher than the number of clients undertaking any other liability management exercise over the year.

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26th January 2016

HR Trustees appoints former BNY Mellon Executive as Trustee Director

HR Trustees Limited, the UK's leading independent professional pensions and benefits trustee firm, has appointed Gerald Wellesley as trustee director.

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15th January 2016

Transfer values end 2015 near their lowest level for the year, say actuaries at Xafinity

An increase in real Gilt yields towards the end of 2015 saw transfer values (as measured by the Xafinity Transfer Value Index) fall to near their lowest level for the year.

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15th January 2016

Xafinity to host Spring Conference Freedom & Choice - One Year On

Speakers include: former pensions minister Steve Webb; Andrew Warwick Thompson, The Pensions Regulator; Michelle Cracknell, The Pensions Advisory Service; Joanne Segars, The Pensions and Lifetime Savings Association; and Charles Cotton from the CIPD.  Xafinity is hosting a Spring Conference on “Freedom and Choice – One Year On”, in London on Tuesday 1st March 2016.

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13th January 2016