Wealth Manager - the site for professional investment managers

Register to get unlimited access to all of Citywire’s Fund Manager database. Registration is free and only takes a minute.

CBPE acquires Sipp provider Xafinity

CBPE acquires Sipp provider Xafinity

Equiniti Group has sold its Sipp business to Close Brothers Private Equity (CBPE).

Xafinity Consulting, a wide ranging business dealing with pensions administration, corporate pensions and trusteeship, and which is also a Sipp and SSAS provider has been sold to CBPE.

The transaction is expected to be completed during the first quarter of 2013. Terms of the deal have not been disclosed.

The Equiniti Group was created in 2010 by bringing together the Xafinity pension administration, software and consulting business with the outsourcing and share registration provider Equiniti.  

Wayne Story, Equiniti Group chief executive said: 'Our strategy is to develop the Equiniti Group as a market leading specialist business process services provider...We fully expect both businesses to continue to work in close partnership in key areas of mutual interest in the pensions market.'

Equiniti will continue to have a presence in the pensions market. It currently administers the pension benefits of nearly three million scheme members, pays over 30% of UK pensioners and supports over 10 million pension scheme members with its software.

Leave a comment!

Please sign in or register to comment. It is free to register and only takes a minute or two.
Citywire TV
Play Volatility is back, Europe's future & Ethical's key moment

Volatility is back, Europe's future & Ethical's key moment

This week’s episode of Investment Pulse takes a look at European prospects, FTSE volatility and whether public pressure is about to provide a push for ethical investment

Play Volatility spike: How ETFs can soften the blow

Volatility spike: How ETFs can soften the blow

ETFGI’s Deborah Fuhr discusses the role of ETFs in client portfolios during volatile market conditions

Play Winter market warmers, the post QE world and timing the Fed

Winter market warmers, the post QE world and timing the Fed

This week’s episode of Investment Pulse looks at the winding down of quantitative easing, whether to try and time a US Federal Reserve rate rise and if strong seasonal performers can reverse recent market slumps

Wealth Manager on Twitter