XPS' Radar wins 'Actuarial Software of the Year'

RNS Number : 4129W

XPS Pensions Group PLC

10 December 2019

 

Press Release

10 December 2019

XPS' Radar wins 'Actuarial Software of the Year'

at the Actuarial Post Awards 2019

XPS Pensions Group has won the award for 'Software of the Year 2019' at the Actuarial Post Awards. Radar is a web-based tool offered to all XPS clients to help them gain insights into their scheme and make key decisions in real time. Radar has helped trustees and employers to identify opportunities to re-design and de-risk investment strategies, to conduct valuation negotiations efficiently and collaboratively, and to receive daily updates about how current market turbulence has impacted their schemes.

Radar's recent development of a sophisticated journey planning functionality has been described by trustees as a "game changer". Its ability to accurately project the expected evolution of a scheme on multiple bases enables trustees to design long-term funding strategies, monitor progress towards them and identify when the scheme might ultimately be able to achieve its long-term goals.

Paul Cuff, co-CEO of XPS Pensions Group, said: "We are delighted to have won Actuarial Post's 'Actuarial Software of the Year Award'. Radar is the cornerstone of everything we do for our actuarial and investment clients. The significant addition of journey planning this year has really taken Radar to the next level and feedback from clients has been fantastic. Continuing to invest in our technology solutions is a top priority for XPS Pensions Group."

XPS Pensions Group is the largest pure pensions consultancy in the UK specialising in pensions actuarial, investment consulting and administration services.

ENDS

For more information please contact:

Rebecca Noonan, Associate Partner, Camarco

Tel: [phone]

Mia Carlin, Consultant, Camarco

Tel: [phone]

Notes to editors:

XPS Pensions Group

XPS Pensions Group is the largest pure pensions consultancy in the UK, specialising in actuarial, investment consulting and administration. The XPS Pensions Group business combines expertise, insight and technology to address the needs of over 1,000 pension schemes and their sponsoring employers on an ongoing and project basis. XPS undertake pensions administration for over 870,000 members and provide advisory services to schemes of all sizes including 25 with over £1bn of assets.

XPS Pensions Group won the 2019 Professional Pensions Actuarial/Pensions Consultancy of the Year and the 2019 Professional Pensions Third Party Administrator of the Year.  XPS Pensions Group was also ranked the No.1 Third Party Administrator in the Professional Pensions 2019 survey for the fifth time in the last six years.

www.xpsgroup.com

 

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