XPS Pensions Group has announced plans to acquire Royal London's corporate pension services division for a cash consideration of £4.8m.
The business provides actuarial, consulting and administration to 150 small defined benefit (DB) schemes, providing pensions for 8,000 members. The acquisition, which is expected to complete later this...
Bought plans in 1988 and 1989
To be added to model portfolio service
Launched 25 September