Source · Select Committees · Public Accounts Committee
Recommendation 24
24
Capita's public sector pension administration history includes ongoing legal challenges from unions
Conclusion
Capita administered some elements of the pension scheme before MyCSP took on full responsibility for Scheme administration in 2014.54 Capita is now due to take on that full administrative responsibility from December. Capita already administers the Royal Mail Statutory Pension Scheme on behalf of the Cabinet Office. Capita also administers the Teachers’ Pension Scheme on behalf of the Department for Education, however its contract is coming to an end after 27 years. The Teachers’ union, NASWUT, is currently bringing a legal action against the government due to delays in producing Cash Equivalent Transfer Values, frequently required in divorce proceedings and for retirement planning.55