Capita has announced that its Pension Solutions business has secured a new five-year contract valued at £37m.

The group confirmed that the contract will commence on 1 November 2025 and that there is also an option to extend for an additional year beyond the initial five-year period.

Capita will deliver pensions administration services for the global parent company’s pension schemes in the UK.

Managing director of Capita Pension Solutions, Chris Clements, 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.”

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