GENERAL TEXT AMENDMENT

The following amendment has been made to the 'XPS selected by Metropolitan Police Service to provide administrative services to the Police Pension Scheme' announcement released on 19 November 2025 at 12:00:01 GMT under RNS No 2020I.

The announcement included an incorrect letter in the final sentence of the first paragraph.

All other details remain unchanged.

The full amended text is shown below.

19 November 2025

XPS selected by Metropolitan Police Service to provide administrative services to the Police Pension Scheme

XPS Pensions Group plc ("XPS" or the "Group"), the leading independent consulting and administration business serving in the insurance and pensions market, has been appointed to provide administration services for the Metropolitan Police Service's Police Pension Scheme ("Scheme").  The appointment, subject to contract and for a term exceeding seven years, was awarded to XPS following a competitive tendering process as part of a wider consortium led by DXC Technology.  The Scheme has more than 80,000 members and will become XPS's largest public sector administration client.

The appointment follows XPS's well documented success in delivering the McCloud Remedy for over 38,000 members across 33 Police Forces in the UK. 

XPS provides market leading pensions administration services to over 1.2 million members with over 47 years' experience of providing services to pension schemes. It has a long-term commitment to the administration market, evidenced by the significant financial investments the business has made in technology to create an industry leading administration platform, Aurora. 

David Watkins, Managing Director of XPS Administration, said:

"I'm delighted that XPS has been confirmed as the preferred provider to administer officer pensions for the Metropolitan Police Service, subject to contract. This award further strengthens our position as the leading administrator of police pensions across England and Wales.  Our long-standing expertise and deep subject-matter knowledge, most recently demonstrated through the successful delivery of the McCloud remedy for our existing Police clients, were key factors recognised during the tender process. We look forward to working closely with DXC, our consortium partners and the Metropolitan Police, to welcome transferring colleagues as we ensure a smooth and supportive transition. Together, we are committed to delivering a high-quality, resilient, and member-focused service for the Metropolitan Police."

-Ends-

For further information, contact:

XPS Pensions Group plc                                         +44 (0)20 3978 8626

Snehal Shah, Chief Financial Officer                              

Camarco (Media Enquiries)                         +44 (0)20 3757 4980; [email protected]

Geoffrey Pelham-Lane

Rosie Driscoll

Phoebe Pugh

Notes to Editors:

XPS Group is a leading UK consulting and administration business specialising in the pensions and insurance sectors. A FTSE 250 company, XPS combines expertise and insight with advanced technology and analytics to address the needs of over 1,400 pension schemes and their sponsoring employers on an ongoing and project basis. We undertake pensions administration for over one million members and provide advisory services to schemes and corporate sponsors in respect of schemes of all sizes, including 83 with assets over £1bn. We also provide wider ranging support to insurance companies in the life and bulk annuities sector.