RCS - XPS Pensions Group - XPS appointed to provide services to John Lewis

XPS PensionsAnnouncement

13/11/2023 09:00

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RNS Number : 2269T  XPS Pensions Group PLC  13 November 2023

XPS appointed to provide administrative services to the John Lewis Partnership
Pensions Trust

13(th) November 2023

XPS Pensions Group, a leading independent pension consulting and
administration business focused on UK Pension Schemes, has been appointed to
provide administration services for the John Lewis Partnership Pensions Trust
("Scheme") following a competitive selection and tendering process facilitated
by Cosan Consulting Limited.

XPS provides market leading pensions administration services with over 45
years' experience of providing services to pension schemes. It has a long-term
commitment to the administration market, evidenced by the significant
financial investments the business has made in technology, to create an
industry leading administration platform.

 

It is a people-centric business, evidenced by its 'Investors in People'
accreditation and the range of networks and support groups it has established.

 

The John Lewis Partnership (JLP) is the UK's largest employee-owned business
and parent company of the John Lewis and Waitrose retail brands, which are
owned in Trust by over 74,000 Partners. The Scheme covers nearly one hundred
and sixty-five thousand members.

 

David Watkins, Managing Director of XPS Administration, said: "We are thrilled
to be appointed by the Trustee of the John Lewis Partnership Pensions Trust to
deliver a first-class service to their membership. We look forward to creating
a long lasting and collaborative partnership, to provide the best possible
experience for the membership and are excited about delivering the shared
vision we have for the future administration of the Scheme."

Dave Suddock, Director of People Operations for the John Lewis Partnership
added: "Partnering with XPS will help us provide the best possible service for
our members, including online access to their pension details. We're delighted
to be working with XPS at a time when the John Lewis Partnership pension
scheme has never been in a healthier position."

ENDS

For more information please contact:

 

XPS Pensions Group Plc

Snehal
Shah

CFO

+44 (0)20 3978 8626

 

Camarco

Gordon Poole

Rosie Driscoll

+44 (0)20 3757 4981

 

About XPS Pensions Group

 

XPS Pensions Group (http://www.xpsgroup.com/) is a leading independent pension
consulting and administration business focussed on UK pension schemes. XPS
combines expertise, insight and technology to address the needs of over 1,500
pension schemes and their sponsoring employers on an ongoing and project
basis. We undertake pensions administration for over one million members and
provide advisory services to schemes and corporate sponsors in respect of
schemes of all sizes, including 81 with assets over £1bn.

 

In 2023 XPS won three categories at the Professional Pensions UK Pension
Awards -Third Party Administrator of the Year, Fiduciary Evaluator of the Year
and Diversity and Inclusion Excellence Award.  XPS was also awarded Best
Pensions Adviser at the 2023 Corporate Adviser Awards.

In 2022 XPS was awarded Actuarial/Pensions Consultancy of the Year, Investment
Consultancy of the Year and Third-Party Administrator of the Year at the UK
Pensions Awards. This was the first time any business has won all three
categories outright in a single year.  XPS has been awarded Third-Party
Administrator of the Year in four of the past five years, Actuarial/Pensions
Consultancy in three of the last five years and Investment Consultancy of the
Year in two of the past three years at the UK Pension Awards.

 

XPS Pensions Group has been named one of the Sunday Times's Best Places to
Work 2023 (Big Companies).  XPS was also ranked Gold in the Employee
Engagement category and Silver in the Employee-Centric Company category at the
2020 UK Employee Experience Awards. XPS Pensions Group also won two awards at
the 2020 Business Culture Awards winning Best Business Culture Transformation
Initiative and the overall Gold Award winner for Business Culture.

 

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