Pensions consulting and administration business XPS Pensions Group has promoted 147 people, including 11 new partners, across its actuarial, pensions, investment, covenant, administration and SIPP businesses.

In a trading update today XPS Pensions Group reported revenue from continuing operations rose by 20% for the year ending 31 March 2024.

Pension transfer activity fell to its lowest level in over six years in February, according to the latest data from pensions consultancy XPS.

XPS’s Transfer Value Index fell 3.9% in January to £158,000, following two consecutive rises.