4th Jul 2016 06:38
LONDON (Alliance News) - FTSE 100-listed outsourcer Capita PLC on Monday appointed its new chairman-designate and said it has extended its deal with the UK's Pension Regulator for three years.
Capita said the Pensions Regulator has extended its contract with the firm to provide direct communications to employers in the UK on the roll-out of auto-enrolment pensions. The extension will cover the roll-out of auto-enrolment schemes to small and micro employers, Capita said.
The extension also will see Capita continue to administer enforcement communications from the regulator to employers, including compliance notices.
The contract is worth an additional GBP37.0 million over three years from October 2018, Capita said.
Capital also named Ian Powell as its chairman designate, with plans for him to take over at the helm on January 1, 2017.
Powell will join as non-executive director and chairman-designate on September 1, before succeeding Martin Bolland as chairman on January 1. Bolland is leaving after six years as chairman and eight years on the board of Capita.
Powell is the former chairman and senior partner of PricewaterhouseCoopers LLP, the Big Four accountant and consultant, having stepped down from that role last week.
By Sam Unsted; [email protected]; @SamUAtAlliance
Copyright 2016 Alliance News Limited. All Rights Reserved.
Related Shares:
Capita