XPS Pensions has promoted 11 new partners and more than 150 people across its actuarial, pensions, investment, administration, SIPP and analytics businesses.

Pension group XPS has reported flat profits for the 12 months ending 31 March at £11.4m but remains positive about the year ahead.

XPS Pensions Group has revealed three of its team have been promoted to partners of the business.

XPS Pensions Group, the recently enlarged pensions actuarial, consulting and administration business, has reported total revenue for the 12 months to March increased by 27% from £52m the previous year to £66m.