Capita Warns of £40 Million Hit Over Delays in 1.7 Million-Member UK Pension Scheme
Updated
Updated · Express · Jul 19
Capita Warns of £40 Million Hit Over Delays in 1.7 Million-Member UK Pension Scheme
1 articles · Updated · Express · Jul 19
Summary
Capita said contract failures on the UK Civil Service pension scheme will cut 2026 earnings by up to £40 million, underscoring mounting disruption in a system serving 1.7 million members.
Thousands of civil servants nearing or in retirement are still waiting for pension payments or retirement quotes, with some saying they do not know how much they are owed or when money will arrive.
Adolfo Hernandez, Capita’s chief executive, repeated his apology at a Commons committee hearing last week as MPs pressed the company over the administration delays.
June brought a sharper warning from the government, which said all options remain on the table if Capita misses deadlines again, raising pressure over whether private management of public pension schemes can continue.