The deal made what is now known as XPS Pensions Group into the largest pure pensions consultancy in the UK.
XPS Pensions Groupis the only UK pensions specialist listed on the FTSE. The firm advises over 1,200 different corporate sponsors and defined benefit pension schemes.
XPS Pensions Group co-CEO Paul Cuff says: “The launch of our new name and brand is a big milestone in our merger. We have been so pleased with the response we have had these last few months since it was first announced – our clients have been really enthusiastic and to see our staff so excited has been a real pleasure. All this is happening against a backdrop of some real challenges in our industry – we’ve all read the negative headlines, and there are lots of things to fix. But what the merger creates is a firm that can rise to these challenges. We are 100 per cent focused on and committed to the pensions market and making things better for pension scheme members. We are here for the long haul, to do just that.”