Trigon is the pensions advisory business of Trigon Pensions Holdings Ltd, providing actuarial, administration, consultancy, and investment advisory work to a range of pension scheme clients and sponsors.
The acquisition is part of XPS’s growth strategy to become the UK’s largest specialist pensions business.
XPS says the addition of Trigon “will further strengthen XPS’s presence in the south-west of the UK, with the 40 Trigon staff based in Bristol joining the Group and doubling the size of XPS’s presence in the city”.
As part of the transaction, David Gascoigne will continue to lead Trigon in his role as managing director.
Paul Cuff, co-CEO of XPS Pensions Group, said: “We are delighted to announce the acquisition of Trigon.
“It is a business with a reputation for high quality and will fit well within our group.
“Trigon clients will benefit from the continuity of their excellent client service, and they will benefit from the solutions and technology that XPS will bring to the business.
“We look forward to warmly welcoming our new colleagues to the group.”
David Gascoigne, MD of Trigon, said: “We are very pleased to announce that Trigon will become part of the XPS Group.
“We are joining a market leader in the consultancy and administration sectors with a wealth of expertise that will be of significant benefit both to our clients and our employees.
“We think there is a really strong cultural fit and, by joining the XPS Group, we are able to focus on our core business value of keeping our clients at the heart of everything we do.”