XPS Pensions has been appointed by the West Mercia Police Pension Scheme to provide its pension administration and payroll services.
Tender documentation earlier this month (1 October) shows the agreement between the parties was made on 23 July.
The document revealed the scheme plans to "extend the current contract for a period of no more than three months to the 31 December 2020 to allow the authority sufficient time to re-tender the service for the longer term".
It said a consequence of West Mercia's alliance with Warwickshire Police ending in April is it has generated "significant uncertainty and legacy issues, particularly in respect of finance staffing and systems, compounded by additional internal demand to manage a major finance systems upgrade which has resulted in delays to our financial reporting and close down activities. In addition, the force has undergone and continues to undergo significant changes brought about by an extensive programme of transformation, which has further been exacerbated by the Covid-19 pandemic".
It continued: "The combined result of these issues is that we are unable to adequately resource a re-tender of the pension service in the short-term as anticipated."
This appointment comes after XPS revealed it saw a 9% year-on-year increase in revenues during the year to 31 March, and 15% growth in its administration business.
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