XPS appointed as Actuarial and Investment Advisors to Trustees of Mitchells & Butlers Pension Schemes
XPS Pensions Group, the UK specialist in pensions, investment and administration services, is pleased to announce that following a competitive tender process, it has been appointed by the Trustees of the two Mitchells & Butlers defined benefit pension schemes with over £3bn assets to provide actuarial and investment advice from its Birmingham office.
Mitchells & Butlers plc runs circa 1,660 managed pubs, bars and restaurants throughout the United Kingdom and is headquartered in Birmingham.
Jonathan Duck, Chair of Trustees commented: “We wanted to work with advisors that were completely joined up in the delivery of funding and investment advice and would partner us on our journey to buy-out. XPS demonstrated a pragmatic approach using market- leading technology to help us achieve our strategic objectives and engage effectively with our members, their approach really stood out and we are delighted to be working with them”
Nigel Wilmin, Partner and Head of XPS Birmingham Office commented: “We have a fantastic and enthusiastic team in Birmingham and are delighted to be working with the Trustees. Mitchells & Butlers has such a long and proud history of operating in the Midlands since 1898 and XPS look forward to working with the trustees to secure the financial futures of thousands of pensioners.