Capita apologises for civil service pension failures as shares hit
The Government has withheld nearly £10 million in payments to Capita for its poor performance over the Civil Service scheme.
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Summary
Shares in Capita tumbled as much as 16% in Tuesday morning trading as the contract issues hit the stock. Public sector union Prospect has also joined calls for Capita to be “stripped” of the pension contract, which was signed by the previous Conservative government in 2023. Cabinet officer Nick Thomas-Symonds said Capita’s pension scheme contract was a ‘prime candidate’ to be brought back under Government management.
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Shares in Capita tumbled as much as 16% in Tuesday morning trading as the contract issues hit the stock.
according to The IndependentPublic sector union Prospect has also joined calls for Capita to be “stripped” of the pension contract, which was signed by the previous Conservative government in 2023.
according to The IndependentCabinet officer Nick Thomas-Symonds said Capita’s pension scheme contract was a ‘prime candidate’ to be brought back under Government management
according to Evening Standard
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