Announced

Completed

XPS Pensions Group completed the acquisition of Polaris Actuaries and Consultants for £58.4m.

Synopsis

XPS Pensions Group, a pensions consulting and administration business, completed the acquisition of Polaris Actuaries and Consultants, a provider of insurance, risk and regulatory consulting services, for £58.4m. "We are delighted to have the Polaris team join us, via this attractive strategic acquisition for XPS. We have highly complementary skills and together we can provide the full range of services that insurers need as they address opportunities and challenges in their own thriving market. This transaction provides a direct path to the Group becoming a market-leading Insurance Consulting provider. It is also brilliant for our people, as in time it will broaden the range of career paths available to them as we become a broader financial services advisory firm," Paul Cuff, XPS Pensions Group Co-CEO.

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