UK's Envision - a consortium of third part administrator Paymaster and computer consultancy SEMA - has bagged a 14 year contract with the NHS Pensions Agency to help modernise its service.
The decision to appoint a partner to the statutory agency - which administers pensions to staff in England and Wales - was announced in March 2000, following a five yearly review.
The partnership will mean that the agency focuses on the administration of the scheme whilst Envision oversees finance, IT, information systems development, medical advisory services, estates management and the administration of pensioner services and payroll.
Health minister Lord Hunt said: The NHS pension scheme is the largest centrally administered scheme of its kind in the country.
“Amongst many other things this contract will help to accelerate the good work already going on at the Agency in developing a leading edge e-pensions service.
The agency already had 47% of its operating costs with separate private contractors. The new contract will consolidate these arrangements.
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