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Investing.com -- XPS Pensions Group on Thursday reported 13% revenue growth for the six months ended September 30, including 8% organic growth, according to a trading update released Thursday.
The pensions and insurance consulting firm saw Advisory revenues increase by 18% year-on-year with growth across all service lines. Administration revenues grew 6% despite the conclusion of significant McCloud remedy project revenues, while SIP revenues rose 10%.
The company cited strong demand from ongoing regulatory changes, new client wins across all service lines, and project wins in Risk Transfer, Insurance Consulting and Administration as key drivers of growth.
Polaris Actuaries and Consultants Limited, acquired on February 28, has integrated well and is performing in line with expectations. The acquisition has enabled cross-referrals and helped XPS win mandates to deploy broader capabilities into large insurers.
The company highlighted the Pensions Act 2025 as "the most significant regulatory change of recent times," noting it will drive additional consulting demand regarding long-term strategies for pension schemes.
The legislation proposes enabling well-funded defined benefit schemes to access surpluses for the benefit of members and sponsoring companies.
XPS identified continued growth opportunities in Insurance Consulting and Administration in both private and public sectors for the 2026 fiscal year and beyond.
Paul Cuff, Co-CEO, said: "The pensions industry continues to be a very busy place at the moment. Our clients have a wide range of opportunities in front of them to achieve great things for the members and sponsors of their pension schemes, and we are proud to be supporting them."
The board expressed confidence in achieving full-year results in line with previous expectations.
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