Capita
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.
Marie Curie completes £30m buy-in with L&G in first 2021 deal
The Marie Curie defined benefit (DB) scheme has entered into a circa £30m full scheme buy-in agreement with Legal & General (L&G) Assurance Society.
Capita partners with Intellica to tackle GMP equalisation challenges
Capita Pensions has partnered with data technology solutions firm Intellica to tackle the GMP equalisation challenges facing pension schemes.
Stuart Heatley appointed as managing director of Capita Pensions
Capita has appointed Stuart Heatley as the managing director of its pensions business to succeed Nigel Purveur.
Capita defers £31.7m of DRCs as revenue drops 9%
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.
Capita's Stuart Heatley: 'Clever complexity' will no longer be tolerated
Professional Pensions spoke to Capita Pensions Consulting managing director Stuart Heatley as part of an exclusive series of interviews with the leaders of some of the UK’s leading pension consulting firms. This is what he had to say…
West Yorkshire Pension Fund appointed to administer Barnet Council LGPS
Barnet Council has appointed West Yorkshire Pension Fund (WYPF) to replace Capita to administer its local government pension scheme (LGPS).
Milestone for Star Initiative as it reaches 50 participants
The government-backed Star Initiative has reached 50 signatories, surpassing its initial target of 30. Holly Roach looks at the project’s progress.
Majority of businesses not reviewing pension policies, despite rise in ageing workforce
Just one in three UK businesses have reviewed their pension strategy in the last two years, according to research by Capita Employee Solutions.
Five stories you may have missed this week
This week's top stories include Smart Pension and Legal & General revealing a prototype demo of their workplace retirement income product, combining drawdown and annuities.
Five stories you may have missed this week
This week's top stories include two men being sentenced to jail after coaxing savers to transfer £1m to a fake scheme.
Capita to merge HR businesses into single division as part of transformation plan
Capita has set out plans to transform its business and raise £701m in additional capital at the same time as it unveiled a £513.1m annual loss.
Smart Pension hires technology product development head
Martin Freeman has been hired as head of technology product and development at Smart Pension, to support the 'growing' technology product side of the business.
The role of pensions in building community wealth
John Gray says we should think about investing more locally, but there are a number of serious practical investment problems to overcome
Five stories you may have missed this week
This week's top stories were Capita's shares falling by over 40%, and Royal Mail reaching agreement with its union to launch the UK's first collective defined contribution scheme.
UPDATED: Capita shares plunge by over 40%; Frank Field intervenes over pension deficit
Shares in Capita have fell by over 40% this morning after the outsourcing firm announced it had suspended its dividend and initiated a multi-year transformation plan.
Five stories you may have missed this week
This week's top stories were potential strike action at Capita over closing its DB scheme, and Unite members narrowly rejecting Royal Mail plans to create cash balance scheme.
Now Pensions expands Nottingham team with senior hires
Now Pensions has appointed Neil Buckley as chief operating officer and Capita's Neil Brady as operations director in its Nottingham office.
Third of young savers would choose LISA over pension
Young savers are willing to give up employer contributions to save for retirement in the lifetime ISA (LISA), despite this reducing their potential funds.
Blockchain technology could increase trust in administration
Pensions administration can be made safer by the development of blockchain technology says Robin Hames.
TPR extends AE contract with Capita until 2021
The Pensions Regulator (TPR) has selected Capita for a further three years to continue the roll-out of automatic enrolment (AE) to small and micro employers.
PP Administration Survey: The results
This year’s survey reveals what schemes are looking for in administration systems and third-party administrators and highlights the key providers.
NAO report on administration of civil service pensions offers salutary lessons
Trustees looking to understand what can go wrong with data transfers should read the NAO's report on the civil service Michael Klimes finds
NAO: Poor process and lack of resources explain civil service pension delay
A series of system and communication errors led to delayed pension payments to civil servants after administration was moved to MyCSP, a National Audit Office (NAO) report says.
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