XPS Pensions Group has completed the £42.5m sale of XPS Pensions (Nexus) Limited, principal employer and scheme funder of the National Pensions Trust (NPT), to SEI.

XPS Pensions Group is to sell its Master Trust pensions business XPS Pensions (Nexus) Limited to major Master Trust firm SEI for up to £42.5m.

A number of platform providers have given a broad welcome to today’s publication of the FCA’s interim market study into investment platforms which calls for a shake-up of the sector to improve competition.

Wrap platform operator Nucleus has paid its first dividend to shareholders since launch in 2006.