USS signs five-year contract extension with Capita Pensions
Capita Pensions has signed a five-year contract extension with the £66.5bn Universities Superannuation Scheme (USS) to continue to deliver the fund’s pension system and administration support.
The partnership builds on an existing five-year contract signed in 2015.
Through this contract extension, Capita will continue to provide its pension software to both the defined benefit (DB) and defined contribution (DC) sections of USS' pension scheme - administering the pensions of the scheme's 460,000 members.
Capita will also provide administration services and people resource to help run the collection and investment of contributions from over 340 higher education institutions for the DC section of the scheme.
Capita Pensions managing director Stuart Heatley said: "We are delighted to extend our relationship with USS. Their unwavering focus on member experience and digital ambitions mirror our own. This partnership will help us continue to deliver market leading solutions for the benefit of scheme members".
USS chief pensions strategy officer Helen McEwan said: "We are pleased to have extended our relationship with Capita. Our partnership is critical to ensuring we continue to effectively engage with our members and employees."
Established in 1974, USS is one of the largest private sector pension schemes in the country. USS provides the principal pension scheme for universities and higher education institutions in the UK as well as life cover and retirement and ill health benefits for academic staff.
More on Admin / Technology
Tender Watch: Border to Coast selects consultant; Nottinghamshire pension board tenders for adviser
Professional Pensions rounds up some of the latest tender awards from across the industry.
Revealed: The top third-party administrators and software providers in 2021
The Professional Pensions Administration Survey 2021 reveals the rankings of the best third-party administrators and software providers for pension schemes.
PIC launches ESG podcast; Baroness Wheatcroft, Schroders and UBS execs among first guests
Pension Insurance Corporation (PIC) has launched a podcast series which will focus on ESG and the role of pensions through a social purpose lens.
Buck launches metrics-focused ESG dashboard for schemes
Buck has announced the launch of an ESG dashboard for pension schemes as a tool for meeting Pension Schemes Act compliance requirements set out in the Task Force on Climate-related Financial Disclosures (TCFD) recommendations.
Hymans Robertson launches LGPS learning academy for boards
Hymans Robertson is launching an online learning academy for Local Government Pension Scheme (LGPS) committees and pension boards to undertake general training.
