Capita defers £31.7m of DRCs as revenue drops 9%

James Phillips
clock • 2 min read

Capita has deferred a £31.7m deficit recovery contribution (DRC) due to the Capita Pension and Life Assurance Scheme in June 2020 to the second half of the year.

The delay was agreed with the trustees, while the company saw a 9% reduction in revenue over the first half of the year, with a reported loss before tax of £28.5m. The administrator said its adj...

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James Phillips
Author spotlight

James Phillips

Professional Pensions journalist from 2016-2022

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