Community

Note to Editors

Xafinity Paymaster is one of the UK’s largest financial business process outsourcing companies, providing pensions administration, payments and collections, complaints handling and resourcing services for hundreds of public and private sector organisations.

Founded in 1836, Xafinity Paymaster has an unparalleled 170 years’ experience in large-scale financial administration. Over 2 million members throughout the world rely on Xafinity Paymaster to pay their pensions, with transaction values exceeding £10 billion every year.

Press Office

Jane Ward
Xafinity Public Relations Mgr

Call: 0207 680 2631

Email Jane

or

Vaughan Andrewartha
Votive Communications

Call: 0207 353 9306

Email Vaughan

News

  • Lloyds TSB completes buy-out of JP Morgan Invest Lloyds TSB Development Capital has completed a management buyout of JP Morgan Invest, a financial education and employee wealth management services provider.
  • JLT deficit increases by £57m Jardine Lloyd Thompson has seen its pension deficit increase by £57m to £86m, according to the group's first half results.
  • Select committee says default retirement age should be scrapped The work and pensions select committee has branded the level of pensioner poverty as "unacceptable" - and urged the government to abolish the default retirement age.
  • PPF to establish steering group to develop levy proposals The Pension Protection Fund has announced that it will be establishing a group of senior business figures and others to help develop further its proposals for the long-term future of its pension protection levy.
  • Just Retirement announces record enhanced annuity sales Just Retirement has announced record enhanced annuity sales of £191.2m in the three months to the end of June, the life assurance group reveals.
  • One in six reduced or stopped contributions Some 16% of workers paying into a pension have reduced or completely halted contributions to their scheme in the last five years, Prudential research reveals.
  • NSPCC to close scheme to existing members The National Society for the Prevention of Cruelty to Children has announced it will close its final salary pension scheme to existing members.
  • Trustee guide to dealing with the media launched Penrose Financial has launched a guide to dealing with the media for scheme trustees.
  • Government urged to act on pensioner poverty Pensioner poverty in the UK is the fourth highest in Europe and must be urgently addressed by the government, a charity says.
  • Actuarial merger fails to get Institute backing The proposed merger of the Faculty and Institute of Actuaries has failed to garner enough votes to go ahead.