Statement - Civil Service Pension Scheme Contract Statement

Summary by AI BETAClose X

Capita plc has acknowledged a Ministerial Statement regarding its administration of the Civil Service Pension Scheme contract, admitting that service has not been adequate, particularly for members awaiting bereavement, retirement, and quotation cases. The company is working with the Cabinet Office to resolve operational issues and has implemented processes, automation, and technology to address the backlog. Capita is currently assessing the implications of the statement and will update the market if necessary, with a comprehensive trading statement expected later this week.

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Capita (CPI)
UK 100

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