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Capita secures £37m pensions admin contract
(Sharecast News) - Professional services firm Capita has secured a £37.0m contract to provide pensions administration services for an unnamed "global company's UK schemes". Capita said on Monday that the five-year contract, scheduled to start in November 2025, will see it look to enhance member experience through increased digitisation and automation, leveraging its Digital Pension Solutions platform and Microsoft Dynamics 365 for a personalised service.
The London-listed group said the contract validated its tech-first strategy in pensions administration, noting that the client's focus on digitisation and automation also suggested there was potential for additional transformation work.
Chris Clements, managing director of Capita Pension Solutions, said: "We are delighted to secure our partnership, supporting members to engage with their scheme and with the benefits it provides. We are aligned in our strategic goal of creating better member outcomes by cutting through complexity and offering individually tailored engagement to inform and support key pension life decisions."
As of 0955 BST, Capita shares were up 0.35% at 228.20p.
Reporting by Iain Gilbert at Sharecast.com
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