Capita seals 10-year £130m life and pensions admin deal

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Capita Group is to administer around 1.1m life and pensions policies for Abbey Life Assurance Company and Deutsche Bank in a 10-year deal worth £130m.

Abbey Life was acquired by Deutsche Bank in October 2007, from Lloyds TSB. The deal – which is subject to final agreement of commercial terms –will involve the transfer of approximately 300 Bour...

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