XPS Pensions Group is to sell its Master Trust pensions business XPS Pensions (Nexus) Limited to major Master Trust firm SEI for up to £42.5m.

Only 30% of pension schemes support the Chancellor’s Mansion House Reform plans to encourage pension schemes to invest in UK businesses, according to survey.

Rising gilt yields and falling inflation expectations have pushed the typical value of a DB pension transfer to its lowest level in seven years.

Pension consultancy and SIPP business XPS Pensions Group has reported pre-tax profits up 13% for the past year.