XPS Pensions Group PLC on Thursday said that it expected positive drivers to continue into the next financial year running to the end of March.

The Reading, England-based pensions consulting and administration services provider cited a ‘positive momentum’ that has continued into the new calendar year and it is confident of achieving results in line with expectations for the current financial year.

The company emphasised that January was a ‘strong month’.

XPS Pensions said high levels of client demand for its services continued, while in Pensions Administration, it is busy supporting public sector clients via pensions rectification projects.

It added: ‘All of this is happening against a backdrop of continued [UK] government consultation on a wider agenda of change that could result in more pension scheme assets being invested in ’productive finance’ to benefit the growth agenda in the UK. Any changes that arise from these consultations would also likely drive high demand for consulting advice from our clients.’

XPS Pensions shares rose 1.2% to 202.48 pence each on Thursday morning in London.

Copyright 2024 Alliance News Ltd. All Rights Reserved.