Pension firm announces major investment in NI
One of the UK's leading providers of pension and employee benefit services, Xafinity, has announced a multi-million pound investment in Northern Ireland.
Xafinity employs 1,300 people and provides pensions advice and administration services in the UK.
The 170-year-old company has also established a new office in Belfast.
It employs 20 actuaries, investment consultants and administrators transferred from PricewaterhouseCoopers LLP (PwC), Northern Ireland.
A further 10 jobs are expected to be created in the coming months.
The investment includes clients from PwC trustee pension services which Xafinity purchased earlier in the year.
The company will provide these clients with a full range of pensions consulting, actuarial and administration services.
Xafinity Consulting's managing director, Robert Birmingham, said local talent had convinced the company to invest here.
"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.
CBI Northern Ireland Chairman, Terence Brannigan, welcomed the announcement and said that it proved Northern Ireland could successfully attract high value jobs.
"The establishment of Xafinity in Northern Ireland is excellent news for the local economy as it not only secures local jobs but creates an additional 10 posts for skilled workers," he said.