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Pensions and SIPP firm XPS Group has reported a 23% growth in revenues to £94.5m for the latest half year.

After years of sharp growth in participation during the roll-out of auto enrolment, workplace pension growth has stalled, according to new data from the Department for Work and Pensions.

Pensions could become more like a bank account into which different employers have to pay, under a shake-up expected in the Autumn Statement.

Average annuity rates climbed to 7.25% for a 65-year-old in September, up from 7.11% in June, according to the Standard Life Annuity Rate Tracker.

XPS Pensions Group has completed the £42.5m sale of XPS Pensions (Nexus) Limited, principal employer and scheme funder of the National Pensions Trust (NPT), to SEI.

Two out of five married couples are keeping their families in the dark when it comes to their plans for passing on wealth, new research suggests.

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