XPS Group becomes a signatory of the Sustainability Principles Charter for the Bulk Annuity Process

XPS Group becomes a signatory of the Sustainability Principles Charter for the Bulk Annuity Process

30 Sep 2024

We are pleased to announce that XPS Group has become a signatory of the Sustainability Principles Charter for the Bulk Annuity Process.  

The Charter aims to unite expectations around sustainability within the bulk annuity process. There are four key principles that are the foundations for the Charter; transparency, decision-making, reporting and engagement, and collaboration. The Charter helps to align pension scheme advisers and insurers around ensuring resiliency against climate, nature and social crises throughout the bulk annuity process.  As part of its role as a signatory, XPS sits on two working groups focussed on ‘Using and progressing the charter’, and ‘Post-transaction reporting’.

Alex Quant, Head of ESG Research at XPS Investments, said: “As a growing number of pension schemes make progress toward buy-out with and insurer, it’s increasingly important that all stakeholders are acting to ensure sustainability is embedded across that process in order to ensure successful long-term outcomes for members, whoever is responsible for their pension.”