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.
UK inflation unexpectedly rose to 2.7% in August, beating analysts' expectations of a drop to 2.4% from 2.5% the previous month.
The Pensions Advisory Service (TPAS) helped 187,000 people in 2017/18, a 9% fall on the previous year despite setting up special helplines for specific scheme members.
The Liberal Democrat party has passed a motion pledging to cap tax-free lump sums under Freedom of Choice at £40,000 if elected into government.