29th May 2009 09:20
29 May 2009
CAPITA COMPLETES DEAL WITH AXA AS STRATEGIC PARTNER FOR LIFE AND PENSIONS ADMINISTRATION
The Capita Group Plc ("Capita") announces that it has signed a deal to become the strategic outsourcing partner of AXA Sun Life ("AXA"), to administer 3.2 million mature life and pensions policies. The contract is worth £523m over 15 years. When we announced in January that we were `preferred bidder', we estimated the contract would be worth approximately £500m.
Under the partnership Capita will provide customer servicing, policy administration, claims activity and related IT support to a proportion of AXA Sun Life's business. The service will commence on 1 June 2009.
-ends-For further information:The Capita Group PlcTel: 020 7799 1525Paul Pindar, Chief ExecutiveShona Nichols, Corporate Communications DirectorMedia enquiriesCapita press officeCaroline MooneyTel: 0207 654 2152 or 0870 2400 488 (out of hours)Peter WebbAXA Life, Press OfficeTel: +44 (0)117 989 3615Stephen Hoffman WomersleyAXA UK, Press OfficeTel: + 44 (0)207 920 5014Notes to editors:
The Capita Group Plc is the UK's leading provider of BPO and integrated professional support service solutions. With 36,000 people at more than 300 sites, including 62 business centres across the UK, Ireland, the Channel Islands and India, the Group uses its expertise, infrastructure and scale benefits to transform its client's services, driving down costs and adding value. Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of the FTSE100 with revenues for 2008 of £2,441 million.
Further information on The Capita Group Plc can be found at: http:// www.capita.co.uk
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