Personal Finance
Monday, 7/20, 07:12 AM
Capita's civil service pension failures cost it up to £40 million
- Seven months after Capita took over administration of the UK Civil Service Pension Scheme, retirees are still waiting on payments, the Cabinet Office has withheld £9.9m from the contractor, and Capita has warned of a hit of up to £40m to 2026 operating profit.
- Its shares fell 18% on the day it said so.