Capita Pension Solutions today announces it has signed a five-year contract extension with a UK FTSE 100 company. The contract is worth £15.5m and is back dated to November 2020.
Under the new contract, which builds on a partnership of over three years, Capita Pension Solutions will continue to deliver pensions pay roll services and administration to over 70,000 of its client’s pension scheme members.
Delivered by a team of skilled Capita colleagues, the administration services include managing change of address, expression of wishes, pension benefit calculations, pension benefit statements and mortality reporting.
Stuart Heatley, Managing Director of Capita Pension Solutions, said: “I am delighted to extend this partnership with our client for an additional five years. This contract is testament to our market leading and growing pensions administration business and capabilities”.
Capita’s Pension Solutions business is one of the UK’s leading advisers on pensions, advising trustees, and sponsoring employers on a range of services, from pensions administration and consultancy, to the latest technology and engagement techniques. Pension Solutions provides consultancy services to over 150 pension schemes including actuarial, investment, secretariat, and member communication services.
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