XPS appointed to provide investment consultancy services to Sheffield Mutual

XPS appointed to provide investment consultancy services to Sheffield Mutual

28 Apr 2026

XPS Group, a leading FTSE 250 pensions and insurance consulting and administration business, and Sheffield Mutual Friendly Society, a leading independent mutual organisation, today announces that XPS has been appointed to provide investment consultancy services for Sheffield Mutual.

XPS will provide investment manager oversight, performance monitoring and will assess how the Society’s investment strategy aligns with its long-term financial objectives. The mandate is designed to strengthen Sheffield Mutual’s investment governance framework, by implementing an oversight model intended to enhance strategic decision-making, improve responsiveness to evolving market conditions and support long‑term value creation for members.

The appointment reflects XPS’s track record of providing independent investment advice to institutional investors across the UK and deepening presence in the insurance and friendly society sectors.

Jamie Bellamy, Chief Executive Officer, Sheffield Mutual Friendly Society, said: “Ensuring strong oversight of our investment strategy is essential to delivering long-term value for our members. We are pleased to appoint XPS, whose independent expertise and understanding of the mutual sector will support us in maintaining robust governance and meeting our financial objectives in an increasingly complex market environment.”

Simeon Willis, Chief Investment Officer, XPS Group, said: “We are delighted to be partnering with Sheffield Mutual Friendly Society. As a long-established mutual committed to serving its members, Sheffield has employed an approach that accesses the benefits of increased sophistication, within a tightly governed approach. We look forward to supporting the Society in achieving its strategic financial goals and delivering continued value for its members.”