We use cookies to support features like login and allow trusted media partners to analyse aggregated site usage.
To dismiss this message and allow cookies to be used, please click "Continue".



Twitter board

Follow us
  • My week on Twitter 🎉: 1 Retweet, 2.63K Retweet Reach, 3 New Followers. See yours with https://t.co/mCw3VcMQGw https://t.co/78tC0GzGXxyesterday
  • Our cover story: CDC: A step into the unknown. Is CDC an unnecessary policy change when effort would be better spen… https://t.co/QGHfTkiPP24 days ago
  • Newton – Trend Setting: The Year Ahead in ESG ''We have seen notable client interest for sustainable products over… https://t.co/OoXVLJ1BMp4 days ago
  • Our Latest ESG feature: EM governance: Breaking through. ''Those calling for better governance in emerging markets… https://t.co/qk0vJpfpJL7 days ago
  • The February Issue is available online now! Our Cover Story - CDC: A Step in the wrong direction. Read more here:… https://t.co/8xwHL9Nd2z7 days ago
  • RT @AonRetirementUK: What do we expect to see in the #ESG market over the next 12 months? Read the results of the @portfolio_inst panel of…7 days ago
  • RT @PensionsSion: What are the pros and cons of building a global #equity portfolio? Find out by reading the @portfolio_inst Global Equitie…13 days ago
  • RT @AonRetirementUK: Outcomes delivered by employer pension schemes now depend more than ever on levels of engagement. Companies must creat…14 days ago
  • Our latest Roundtable: Cash-Flow Driven Investing is now live! Read more here: https://t.co/zBy7Gbiud9 https://t.co/KJTIgVssmG14 days ago
  • RT @BNPPAM_COM: 2017 was one of the most active hurricane seasons on record, causing up to USD 475 billion worth of damage. What are the in…26 days ago
  • RT @PensionsTony: At the Aon London #pensions conference. About to start my workshop on how well #DC schemes are meeting the needs of #memb…26 days ago
  • Andrew Wauchope talks to Mark Dunne about charities and their pension schemes, the secret of being a good trustee a… https://t.co/xcdcxs61QL26 days ago
  • Enter the Dragon : China’s inclusion in the @MSCI_Inc Emerging Market index has caused little excitement, but, as L… https://t.co/oy0EdSI6A828 days ago
  • The @InvescoUKinsti whitepaper: Responsible investing and active ownership. Invesco’s Bonnie Saynay and Henning St… https://t.co/E3Gdh9eDSM33 days ago
  • Charlotte Moore looks at the reaction of financial markets to Brexit has already changed the shape of the relations… https://t.co/6KH9jnWTtq33 days ago
  • RT @AonRetirementUK: Want to know more about the benefits of factor-based investing for your DB pension scheme? Aon’s next Investment Break…34 days ago
  • Learn more about why everyone is talking ESG on our new ESG HUB, where we will be publishing our latest features pl… https://t.co/Dg9FiwCPCn35 days ago
  • 2018: The year of the human?. Cyber crime, greater disclosure, fixed income, people and, of course, climate change.… https://t.co/HMkzWcrFNy35 days ago
  • ''Building a global portfolio of equities could also provide much needed diversification'', discover why in our Glo… https://t.co/y90GhLlmCD35 days ago
  • What is your stance on executive pay? is bigger really better? Read more in our new ESG feature:… https://t.co/cUXMiCDuE560 days ago


Xafinity deal to challenge ‘big three’

Xafinity deal to challenge ‘big three’

Mark Dunne
Friday 8th December 2017

A potential £153m acquisition looks set to challenge the dominance of the ‘big three’ pension consultancies.

Xafinity has agreed to buy the actuarial, administration and investment consulting businesses of rival mid-market firm Punter Southall.

If regulators and shareholders approve the cash and equity deal next year, it will create the largest pure-play pension consultancy in the UK, generating £100m of revenue from serving 1,000 companies.

The increased size and profile of the firm will make it the primary alternative to global consultancies Willis Towers Watson, Aon Hewitt and Mercer, the acquirer believes.

Under the terms of the agreement, Xafinity will transfer HR Trustees to Punter Southall, which post-completion will focus on workplace pensions, wealth management and advising on health and protection.

In a statement, Xafinity joint chief executives Paul Cuff and Ben Bramhall described the transaction as a significant step in a strategy to make the firm the pre-eminent mid-tier pension consultancy in the UK.

Punter Southall chief executive John Batting welcomed the deal, especially as it will increase the firms’ scale and expertise.

“I am confident that our current employees will benefit from this unique opportunity to be part of a publicly listed company poised for an exciting growth journey,” he added.


Leave your comment

View our comments policy

Please login or register with us to leave a comment. It's completely free!