XPS Self Invested Pensions surpass £1.5bn of commercial property investments

XPS Self Invested Pensions surpass £1.5bn of commercial property investments

01 Mar 2023

XPS Self Invested Pensions saw its commercial property assets under administration grow by 87% in the last year, from £800m to over £1.5bn.

The acquisition of Michael J Field Consulting Actuaries in February 2022 drove much of this increase, further enhanced by organic growth from new client wins. New clients comprised 78% via SIPPs, and 22% via SSASs, in 2022.

More than 200 properties were purchased during 2022, increasing the total portfolio held under trust to nearly 3,700 properties/land. Total assets under administration now exceed £4bn. XPS Pensions Group reported growth in its SIPP and SSAS business of 57% from £2.8m to £4.4m, for the six months to September 30th, 2022.

Andy Bowsher, Director of XPS Self Invested Pensions said: “We are very proud of reaching another major milestone. The Michael J Field business and team have fitted smoothly into our business, and we’re delighted by their contribution in what is looking like another successful year for XPS Self Invested Pensions. Our common, client-centred, personal service ethos means we can bring real value to all our clients, and none more so than those with directly held commercial property investments, where specialist knowledge is paramount. Our new client growth is a result of our continued dedication to the regulated financial advice sector.”