UK - Administration provider Capita Hartshead posted strong interim figures with turnover rising to £620m from £532m last year.
Capita said the results revealed “buoyant activity” in the pensions market where it had won contracts worth a total of £1.1bn in the first seven months this year – 58% in the private sector and 42% in the public sector.
Four new contract wins worth £293m were recently announced, including a partnership with Salford City Council worth £250m over 12 years.
Capita reported a win rate during the period of better than one-in-two and ahead of the long-term average.
This week's top stories included Cardano announcing plans to acquire Now Pensions from a Dutch pension fund later this year.
Royal Bank of Scotland (RBS) faces a £102m impact on liabilities as a result of equalising guaranteed minimum pensions (GMPs), according to its annual results.
Malcolm Mclean says getting the channels of communication right and engaging more openly is a good starting point