Capita to assist with workplace pensions transition

29th Sep 2011 08:17

Outsourcing firm Capita Group has won a £105m seven-year contract from the UK Pensions Regulator.Capita will support The Pensions Regulator's direct communications with employers for automatic enrolment of staff into workplace pension schemes, which will be phased in from October 2012.The contract has an option for the regulator to extend it for a further three years.The new requirements for employers to automatically enrol staff into workplace pensions will be introduced gradually, on a `staged' basis from October 2012 to September 2016, depending on the size of the company. The Pensions Regulator will communicate with over 1 million employers as part of its role to maximise compliance with automatic enrolment. Under its agreement, Capita will take on the responsibility for delivering high-volume employer communications and transactional processes in relation to the new requirements.Chief Executive of The Pensions Regulator Bill Galvin said: "Working with Capita will enable us to make a rapid transition to providing information to tens of thousands of small and micro businesses each month - as well as supporting them by dealing with their calls and questions - whilst continuing to focus on our role regulating the pensions industry."Paul Pindar, Chief Executive of Capita commented: "Our focus will be on making sure the information, technology and the process for automatic enrolment is clear and simple to assist employers to comply by their duty date." --jh