Stephen Purves joins XPS Pensions Group as Head of Risk Settlement

XPS Pensions Group has appointed Stephen Purves to lead its Risk Settlement Team. Stephen has over 20 years' specialist risk settlement experience and has led on some of the largest and most complex bulk annuity transactions in the market to date.  He joins from Aon Solutions UK where he was a partner and also brings insurer-side expertise from his previous role as Head of Origination and Deal Structuring at Aviva.

Stephen said “It is a really exciting time to be joining XPS to help build on its rapid growth and success over the past few years. We continue to see high demand from trustees and sponsors for de-risking solutions and XPS has huge ambitions to further grow its market share in this space”.

Patrick McCoy, Head of Advisory at XPS Pensions Group said “We are delighted to welcome Stephen to XPS.  His unique combination of consulting and insurer experience makes him uniquely placed to provide insight to our clients.  We will announce further senior hires into this team in due course which in addition to our existing experienced team is part of our plan to become the leading adviser in the risk settlement market. ”

Stephen joined XPS Pensions Group in April 2022.