Pensions firm acquires major company

7:44am Saturday 12th April 2008

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Fylde employer, Xafinity, one of the UK's leading providers of employee benefits and pensions services, with more than 140 staff in its Fleetwood regional office, has acquired Hazell Carr, a specialist business process outsourcing, pension administration, interim resource and SIPP provider.

The acquisition strengthens Xafinity's position as a leading provider of services to the UK private and public sector pension marketplace.

The combined group will have revenues in excess of £125 million and about 1,500 employees across the UK.

Robert Branagh, Director, Xafinity, Fleetwood, said: "This is good news for our team in Fleetwood.

"Hazell Carr has a track record of innovation, having brought a range of products and services to market which we will now be able to offer to our regional clients.

"These include specialist pension and flexible resource solutions."

Tim Robinson, Chief Executive, Xafinity, said: "This transaction brings together two respected brands with long track records of service and delivery it will allow us to further strengthen our position as a leading provider of services to the UK pension and employee benefit marketplace."