Capita Pension Solutions has secured a £37m contract to provide pensions administration services and run projects for the global parent company’s UK pension schemes.
The five-year contract starts on 1st November 2025, with an option to extend for another year.
Capita will focus on service delivery, with plans to increase digitisation and automation.
The aim is to improve efficiency and make things easier for scheme members.
Additionally, Capita plans to use its ‘Digital Pension Solutions’ platform and Microsoft Dynamics 365 to improve the experience for scheme members.
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.”