26th Apr 2007 09:05
Capita Group PLC26 April 2007 CAPITA TRUST COMPANY CHOSEN AS NEW TRUSTEE BY OSPT Capita Trust Company Limited ('Capita Trust'), part of Capita Fiduciary Groupand a wholly owned subsidiary of The Capita Group Plc ("Capita"), has announcedthat it has been chosen by the Official Solicitor and Public Trustee ('OSPT'),to act as the new trustee of an initial group of 471 private trusts currentlymanaged by them. The deal is worth £12 million over 10 years. Capita Trust was chosen by the OSPT after an open, competitive tender process,including a lengthy and in-depth evaluation of all aspects of customer service,value for money and operational systems and procedures. Paul Pindar, Chief Executive of The Capita Group Plc, said, "I am delighted thatCapita Trust has been chosen by the OSPT. This is a significant appointmentunderlining Capita Group's commitment to supporting the trust industry. Thecontract draws on our ability to deliver high-quality customer service andefficient administration, supported by effective technology platforms and highlyskilled employees." David Thompson, Public Trustee and Operational Director for the OfficialSolicitor added: "We look forward to working with Capita to ensure the seamlesstransfer of cases, with no disruption to service during the transition. Theproject is challenging and unique, requiring staff on both sides to work closelytogether to maintain high levels of customer service throughout and beyond thetransitioning process. Capita staff are working on site at OSPT to ensure anyproblems are dealt with immediately so that the challenging timetable can bemet." - ends - For further information please contact: The Capita Group Plc +44 (0)20 7799 1525Paul Pindar, Chief ExecutiveShona Nichols, Corporate Communications Director Caroline MooneyCapita press officeTel : 0207 654 2152Email : [email protected] Notes to editors The Capita Group Plc is the UK's leading provider of integrated professionalsupport service solutions. The Group's service capabilities encompass businessprocess outsourcing, (BPO), customer services, administration and support, humanresources, ICT, property consultancy, finance & treasury and consultancydelivered to both public sector and private organisations. With 27,800 employeesat more than 250 offices across the UK, Channel Islands, Ireland and India,Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent ofthe FTSE100 with revenues for 2006 of £1,739 million. Further information on The Capita Group Plc can be found at: www.capita.co.uk Capita Trust Company Ltd, part of the Capita Fiduciary Group, is a company thatprovides an extensive range of sophisticated trustee, corporate, fund andancillary services to a wide range of institutional, corporate and privateclients worldwide. Capita Trust Company Ltd is authorised and regulated by the Financial ServicesAuthority. Capita Trust Company is wholly owned by the Capita Group Plc, the UK's leadingprovider of integrated professional support service solutions. The Official Solicitor and Public Trustee, is administered as part of theDepartment for Constitutional Affairs. The Official Solicitor is part of thejudicial system of England and Wales (excluding Scotland and Northern Ireland),while the Public Trustee is a separate and independent statutory body, and bothare appointed by the Lord Chancellor. The Official Solicitor acts for peoplewho, because they lack mental capacity and cannot properly manage their ownaffairs, are unable to represent themselves and no other suitable person oragency is able and willing to act. He usually becomes formally involved whenappointed by the Court, and he may act as his own solicitor, or instruct aprivate firm of solicitors to act for him. The Public Trustee may act asexecutor when requested to do so, but, may also act as administrator of anestate of a deceased person (with or without a will), or as trustee of a trustwhether as original or substitute trustee, usually only as a last resort, and inthe interests of vulnerable individuals or persons under disability, or wherethere are differences between executors, trustees, or beneficiaries. This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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