Kensington and Chelsea asks Capita to administer pensions
UK - Capita Hartshead has been given the contract to handle the pensions administration for the Royal Borough of Kensington and Chelsea pension fund.
Capita will provide the £407m (€602m) Royal Borough of Kensington and Chelsea pension fund with day-to-day pensions fund administration and associated support services for the public sector pension fund from September.
Kensington and Chelsea currently provides defined benefit pension provision arrangements for 3,200 active members, 2,600 deferred members and 2,100 pensioners.
At the same time, the London Borough of Newham has also issued a tender notice for pensions administration services.
Details of the notice do not state whether the service request is for in-house support or the full outsourcing of administration, however, the contract is for five years with an extension option of two years.
Tender submissions must be presented by close of business on July 17.