REG-Capita Plc: Capita renews contract to administer the Royal Mail Statutory Pension Scheme

CapitaAnnouncement

02/07/2024 07:15

2 July 2024 

 
Capita renews contract to administer the Royal Mail Statutory Pension Scheme 

 
Capita plc (‘Capita’) today announces it has renewed its contract with the
Cabinet Office to administer the Royal Mail Statutory Pension Scheme (RMSPS)
for six years from 2026, with an option to extend for a further two years,
following a competitive selection process. 

In a deal worth £48m over eight years, Capita will continue to provide a
high-quality service for more than 350,000 RMSPS members while migrating
delivery to a single platform, leveraging Microsoft Dynamics and other
hyperscalers’ digital capabilities integrated into Capita’s Hartlink
solution. Capita has administered the RMSPS since 2017, delivering services
including finance, accounting and taxation administration, pension payroll and
reporting, as well as data analysis and management. 

Adolfo Hernandez, Capita CEO, said: “This renewed contract reflects not only
our long-standing and established strategic partnership with the Cabinet
Office, but also the quality of the service we provide to members. We are
exceptionally proud to continue to deliver this vital work.” 

Notes to editors: 

The total IFRS 15 transaction price (order book) is £48m. 

Investor enquiries 
Helen Parris, Director of Investor Relations 
Tel: 07720 169 269 
Email: IRteam@capita.co.uk 

Stephanie Little 
Deputy Head of Investor Relations  
Tel: 07541 622838 
Email: IRteam@capita.co.uk 

Media enquiries 
Capita external communications 
Tel: 0207 654 2399 
Email: media@capita.co.uk  

 

About Capita 

Capita is a modern outsourcer, helping clients across the public and private
sectors run complex business processes more efficiently, creating better
consumer experiences. Operating across 8 countries, Capita’s 41,000
colleagues support primarily UK and European clients with people-based
services underpinned by market-leading technology. We play an integral role in
society - our work matters to the lives of the millions of people who rely on
us every day.

 



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