19/11/2010

Top Pension Business Opens In Belfast

A top UK provider of pension and employee benefit services, Xafinity, has announced a multi-million pound investment in Northern Ireland.

Xafinity Consulting will provide these clients with a full range of pensions consulting, actuarial and administration services going forward and aims to grow its business in Northern Ireland.

It has established a new office in Belfast City, thus securing the employment of 20 actuaries, investment consultants and administrators who have transferred from PricewaterhouseCoopers LLP, Northern Ireland. A further 10 new high-value jobs will be created in the coming months.

Xafinity Consulting's Managing Director, Robert Birmingham (pictured with members of staff in Belfast) commented: "This office expansion represents a very important development in our company's ambitious plans for growth and expands our geographic footprint into Northern Ireland.

"Our Belfast office will enable us to develop a bigger client base and increase the number of pension professionals to provide high quality pensions advisory and administration services to organisations throughout Northern Ireland and Great Britain.

"We have been impressed by the calibre of the people available and the skills base in Northern Ireland and this will add to our capability and expertise to service clients on a local basis," he said.

The expansion of Xafinity has been applauded by CBI Northern Ireland Chairman, Terence Brannigan, who said that it proves that Northern Ireland can successfully attract financial services companies and create high value jobs: "The establishment of Xafinity in Northern Ireland is excellent news for the local economy as it is not only secures local jobs but creates an additional ten posts for skilled workers.

"We are particularly pleased that the investment has been made by one of the most respected brands in the area of pensions and employee benefits and is part of a group which employs 3,500 people throughout the UK."

(BMcC/KMcA)

Related Northern Ireland News Stories
Click here for the latest headlines.

13 June 2005
The 2005 Birthday Honours List for Northern Ireland
The full list of recipients of honours in the 2005 Birthday Honours list for Northern Ireland is as follows: Knighthood: Mr Hugh Orde OBE, Chief Constable, Police Service of Northern Ireland - for services to Northern Ireland. CBE: Mr Robert David Stewart Campbell, Belfast - For Political and public service.
27 May 2014
107 Jobs Created By Financial Firm
107 new jobs are to be created as part of an £8m investment by a Belfast-based financial services group. Spence & Partners are to create the new jobs over five years through an £8m investment in the local economy.
25 November 2024
SDLP Seeks Views On Proposed Regional Jobs, Skills and Investment Bill
The SDLP has announced the launch of a public consultation of their proposed Regional Jobs, Skills and Investment Bill, describing it as an opportunity to rebalance the economy across the North. The consultation opened online today and will close on Sunday 16th February.
06 November 2024
£1.3m Boost For Debt Advice Services In Northern Ireland
Communities Minister Gordon Lyons MLA has announced the allocation of £1.3 million for an Integrated Advice Partnership Fund. This funding will be administered by local councils to enhance existing debt services and provide alternative pathways to debt advice for individuals and families across Northern Ireland.
20 December 2018
Review Launched Of Northern Ireland Neurology Services
The Department of Health (DoH) has launched a regional review of neurology services due to the "unacceptably long" waiting lists. It follows the biggest recall Northern Ireland has ever seen, when over 3,000 patients of consultant neurologist Dr Michael Watt had their conditions and treatment plans reviewed.