We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
Pension company sold out
![[Deleted User]](https://us-noi.v-cdn.net/6031891/uploads/defaultavatar/nFA7H6UNOO0N5.jpg)
[Deleted User]
Posts: 0 Newbie
One of my pensions (albeit a fairly small one) has changed its company - from Equiniti to XPS Pensions
I was not given any prior warning - the first that I knew was a letter this morning, asking me to register on-line
Should I be concerned ?
I have never heard of XPS !
0
Comments
-
Are you sure it's legit? Maybe google to see if there's news of the buyout?
I’m a Forum Ambassador and I support the Forum Team on Debt Free Wannabe, Old Style Money Saving and Pensions boards. If you need any help on these boards, do let me know. Please note that Ambassadors are not moderators. Any posts you spot in breach of the Forum Rules should be reported via the report button, or by emailing forumteam@moneysavingexpert.com. All views are my own and not the official line of MoneySavingExpert.
Click on this link for a Statement of Accounts that can be posted on the DebtFree Wannabe board: https://lemonfool.co.uk/financecalculators/soa.php
Check your state pension on: Check your State Pension forecast - GOV.UK
"Never retract, never explain, never apologise; get things done and let them howl.” Nellie McClung
⭐️🏅😇🏅🏅🏅🏅0 -
Why not Google XPS ?1
-
XPS and Equiniti are the same people. (See https://www.equinitipensiontrust.co.uk and note the group corporate name on the bottom.) So it's probably a change of name, not a change of company.I doubt there is any cause for concern, but if you're in any doubt as to whether the letter asking you to register online is genuine, you could ring the scheme via the number on your old paperwork.
1 -
Thrugelmir said:Why not Google XPS ?I have googled XPS and it does appear legit - but why was I not aware of this ?Surely - the original company (EQUINIITI - who are still trading) are obliged to inform its clients/pensioners ?0
-
Pension company sold outI believe both companies were pension administrators rather than pension companies.
I don't believe Equinity have been sold to XPS (at least I haven't seen anything that says they have). However, the employer that ran your scheme may have changed administrator from Equinity to XPS.
I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
These are pension administrators for generally large companies I think. XPS is possibly the branding Xafinity uses now. I think Equinity sold off Xafinity years ago.
If you're part of a company scheme I would have thought you'd have some link to a website or something for the scheme, maybe you've missed a communication or they didn't communicate very well. Pension administrators don't like spending money on things they can get away without spending it on.0 -
OK - I emailed Equiniiti and received back a "message read" from XPS - I guess that it must be safe !
0 -
https://www.equinitipensiontrust.co.uk/
https://www.xpsgroup.com/"....but why was I not aware of this ?Surely - the original company (XAFINIITI - who are still trading) are obliged to inform its clients/pensioners ?...."
If you still have concerns contact them directly and ask them your questions.Alice Holt Forest situated some 4 miles south of Farnham forms the most northerly gateway to the South Downs National Park.1 -
I have doneAlice_Holt said:https://www.equinitipensiontrust.co.uk/
https://www.xpsgroup.com/"....but why was I not aware of this ?Surely - the original company (XAFINIITI - who are still trading) are obliged to inform its clients/pensioners ?...."
If you still have concerns contact them directly and ask them your questions.0 -
No; you are in a trust-based scheme and that's the job of the trustees of your scheme.Deleted_User said:Thrugelmir said:Why not Google XPS ?I have googled XPS and it does appear legit - but why was I not aware of this ?Surely - the original company (EQUINIITI - who are still trading) are obliged to inform its clients/pensioners ?Googling on your question might have been both quicker and easier, if you're only after simple facts rather than opinions!0
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 354.2K Banking & Borrowing
- 254.4K Reduce Debt & Boost Income
- 455.3K Spending & Discounts
- 247.2K Work, Benefits & Business
- 603.8K Mortgages, Homes & Bills
- 178.4K Life & Family
- 261.4K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.1K Discuss & Feedback
- 37.7K Read-Only Boards