Media Releases

Xafinity SIPP/ SSAS reports strong growth with AUA exceeding £2bn

Xafinity SIPP Services Limited, part of the XPS Pensions Group plc, has reported strong growth including an increase in assets under administration (AUA) of £2bn for the year ending 31 March 2018. Turnover has increased by 9% from £4.96m to £5.42m and profit before tax has increased by 36% to £1.54m.

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8th October 2018

Xafinity SIPP / SSAS reports 38% increase in commercial properties purchased in 2017

Xafinity SIPP / SSAS, part of the UK’s largest pure-pensions specialist Xafinity Punter Southall, has reported an increase in the number of investors turning to commercial property investments.   

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20th March 2018

Proposed Acquisition of three businesses from Punter Southall Group Limited for up to £153 million

Xafinity plc (“Xafinity” or the “Company”), the pensions actuarial, investment consulting and administration business, today announces the proposed acquisition from Punter Southall Group Limited (“Punter Southall Group”) of its actuarial consulting, pensions administration and investment consulting businesses (the “Target”) for a total consideration of up to approximately £153 million (the “Acquisition”). As part of the transaction, Xafinity’s HR Trustees business will be transferred to Punter Southall Group which, following the proposed deal, will comprise a range of businesses focused on workplace savings, health and protection consulting and wealth management.

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7th December 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

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

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

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

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

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

Free SIPP to SIPP transfer of land and property with Xafinity

Lifeline thrown to investors worried that impending new capital adequacy requirements will be straw that breaks the back of already stressed SIPPs.

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4th January 2016

26% of advisers use SIPP as business succession planning tool

A poll of financial advisers carried out by Xafinity following their webinar on ‘SIPPs and commercial property’, reveals that 26% of respondents already use a SIPP as a business succession planning tool, and this number is likely to grow significantly.

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19th November 2015

Pension freedoms drive growth in SSAS - Pension renaissance created by consumer awareness and growth in adviser knowledge

The huge increase in pension awareness has led Xafinity to write a typical year’s worth of SSAS in just 6 months.

 

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11th November 2015

Xafinity SIPP sees “second hand” property SIPP market double

Xafinity SIPP & SSAS has recorded twice as many “second hand” property SIPPs being transferred from other SIPP providers into their SIPP contract.  Xafinity currently has around 100 commercial property purchases underway for clients and 20% of these are in specie from other providers.  

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4th November 2015

SIPP and SSAS provider reports 26% growth: Xafinity SIPP & SSAS revenues grow to £4.6m

Xafinity SIPP and SSAS Services Limited,  part of the Xafinity group, has reported strong growth, with annual revenues up 26% to £4.6m for 2014-15.

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25th June 2015

Death benefit changes: more SSAS to hold commercial property

Recent research* by Xafinity shows that 78% of financial advisers think the changes to death benefits will increase the opportunity for using SSAS.

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29th April 2015

Xafinity BDM for Northern Ireland region appointed to give SIPP & SSAS support to financial advisers

Xafinity has appointed Sam Young to its SIPP & SSAS sales team as Business Development Manager, where he will be supporting new and existing clients in the Northern Ireland region as from 1st April 2015.

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15th April 2015

Xafinity SIPP & SSAS growth continues - experienced Business Development Manager appointed

Xafinity has appointed Garry Crook to its SIPP & SSAS sales team as Business Development Manager, where he will be supporting new and existing clients.  Garry will be covering London, the South and South West region, which includes Bristol and Reading.

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2nd April 2015

SSAS webinar to support increased demand from advisers following new legislation

Xafinity respond to resurgence in popularity for SSAS.

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1st April 2015

Xafinity re-launches its SimplySIPP with two investment accounts to facilitate decumulation & accumulation investment strategies

Xafinity has launched an improved version of its SimplySIPP with two investment accounts to support both accumulation and decumulation investment strategies within the SIPP.

The more flexible product follows feedback from advisers who were looking for a product suitable for clients taking advantage of the new drawdown pension regime, but at low cost.

 

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25th February 2015

Land purchase increases via SIPP and SSAS in 2014

In its review of 2014 property and land investment in SIPP and SSAS Xafinity, having analysed over 100 recent commercial property transactions, has seen a significant increase in SIPPs and SSASs purchasing land.

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12th February 2015

Commercial Property needs same Stamp Duty reform - SIPP & SSAS could rejuvenate the high street

Xafinity SIPP and SSAS Services are calling on George Osborne to review the stamp duty rates for commercial property to bring them in line with residential property. They believe that, in common with the former residential system, the current “cliff face” of stamp duty taxes for commercial property is unfair and does act as a barrier to SME owners purchasing commercial property.

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4th February 2015

Property SIPP & SSAS to boom with end of death tax

More people will put commercial property into SIPPs and SSASs as a result of the end of the death tax, making property investment much more attractive, says Xafinity.

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16th October 2014

SIPP FEES FROZEN until 1st September 2015

Xafinity, one of the UK’s leading SIPP providers, has frozen its fees for the coming year.

At a time when many providers are increasing their charges, some across the board and some selectively targeting fees, such as exit charges, Xafinity has chosen to hold its fees for another year.

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20th August 2014

Xafinity reports purchase of 1,500th commercial property for SIPP & SSAS clients

Xafinity, one of the UK’s leading specialists in pensions and employee benefits, has reported the recent purchase of its 1,500th commercial property investment for its SSAS & SIPP clients.  The total value of these properties and land administered by Xafinity is now in excess of £560m, or around £370k per property. 

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3rd July 2014

Xafinity SIPP and SSAS expansion plans

Xafinity SIPP and SSAS is expanding with the appointment of Jeff Steedman to Head of SIPP / SSAS Business Development at Xafinity and Simon Perry as Business Development Manager.  The appointments have been made following the increase in demand for products and continued growth of the Xafinity SIPP and SSAS business.

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12th May 2014

IFAs concerned about SIPP and SSAS fee increases

Latest research from Xafinity, one of the UK's leading specialists in pensions and employee benefits, has revealed that most financial advisers surveyed have seen providers increasing their SIPP/SSAS fees, with 62% having seen a rise in set up fees, 94% a rise in annual fees and 44% an increase in exit fees.  39% of advisers surveyed believe that providers are increasing exit fees in order to discourage transfers out.

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9th April 2014

Xafinity reports 43% leap in SIPP / SSAS property investments in 2013

Xafinity, one of the UK’s leading specialists in pensions and employee benefits, has reported a record year for commercial property and land investments within its SIPP and SSAS products.  2013 saw a record number of property purchases; an increase of over 43% on 2012.

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16th January 2014