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Sipp and SSAS provider to raise £179m in stock market listing


Sipp and SSAS provider Xafinity is looking to raise £179m by floating on the London Stock Exchange.

The initial public offering is expected to complete this Thursday, offering up nearly 95 per cent of the company in shares, giving it a total market capitalisation of £190m.

Net proceeds are estimated at £46m, which will be used to pay off part of the firm’s existing debt.

Xafinity currently has around £86m in debt.

Xafinity currently offers advisory and compliance services to more than 550 pension schemes. It also runs its own master trust, Sipp and SSAS wrappers.

It is mainly focused on the defined benefit market, but also provides services to Sipp and SSAS providers and trustees.

Xafinity co-chief executive Ben Bramhall says: “We have a very clear strategy to continue investing in our people and the services we provide to clients, including de-risking solutions.  At the same time, we will continue to develop our highly accredited master trust, the National Pension Trust, as we believe this is a solution that employers need in the new world of flexible pensions.”

Xafinity bought Alliance Trust’s SSAS business in 2012.

Later that year, pensions software provider the Equiniti Group sold Xafinity to private equity firm CBPE Capital for an undisclosed amount.

In 2015, it extended its SimplySipp offering to include  two investment accounts, allowing clients to pursue accumulation and decumulation strategies in the same wrapper.


Equiniti Group sells Xafinity to CBPE Capital

Pensions software provider the Equiniti Group has sold its Sipp consulting arm Xafinity Consulting to CBPE Capital for an undisclosed amount. The deal is expected to complete in the first quarter of 2013, subject to certain conditions and regulatory approval. Equiniti says the sale is consistent with its focus on larger scale complex administration and […]


Xafinity launches low-cost Sipp with two investment accounts

Xafinity has launched a version of its SimplySipp with two investment accounts, which allows clients to pursue accumulation and decumulation strategies in the same wrapper. The Sipp and SSAS administrator says previously a client wishing to hold two investment accounts would have to use its full Sipp, which carries higher charges. Its SimplySipp offering continues […]

Xafinity buys Alliance Trust’s SSAS business

Xafinity has bought Alliance Trust Savings’ small self-administered schemes business. The newly acquired firm will become part of Xafinity’s SSAS arm Hazell Carr SSAS. Xafinity director of self invested pensions Andy Bowsher says: “Strategically, this deal makes great sense for both Alliance Trust Savings and Xafinity. “Alliance Trust Savings is handing over the administrative complexities […]

Tapering of annual allowance – adjusted and threshold income

The definitions of adjusted income and threshold income used to determine whether, and to what extent, someone’s annual allowance will be reduced can be confusing.  Here we try to make sense of it all. The annual allowance will be reduced for high income individuals from 6 April 2016.  Our previous article Tapering of annual allowance […]


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