Contract
update
Capita plc (Capita) is issuing the following statement regarding
its life and pensions contract with Prudential.
As part of its wider customer and technology transformation
programme, Prudential has today announced that the administration
of its life and pensions business will be transferring from Capita
to a new supplier on 31st July 2018.
These operations are expected to contribute revenue of around £80m
to Capita in the full year to December
2017.
During its 10-year partnership, Capita has helped Prudential to
achieve and maintain award-winning standards of customer service
and delivered operational improvements that provide a strong
platform for future development. Capita will continue to administer
Prudential's international operations.
Capita remains a leading provider in the UK and international
life and pensions market, administering 15 million policies and
delivering major benefits and the highest standards of customer
service for 21 clients.
This announcement is not related to Capita’s discussions with a
separate life and pensions client, as previously disclosed at our
half year results.
For further information:
Capita plc Tel: 020 7654 2281 or 020 7654 0220
Andrew Ripper, Head of Investor
Relations
Fiona O’Nolan, Director, Corporate Communications
IRTeam@capita.co.uk
Media enquiries:
Capita Press Office 020 7654 2399
media@capita.co.uk
Capita is a leading UK provider of technology enabled customer
and business process services and integrated professional support
services. Operating at over 450 sites across the UK, Europe, India
and South Africa, Capita uses its
expertise, infrastructure and scale benefits to transform its
clients' services, driving down costs and adding value. Capita is
quoted on the London Stock Exchange (CPI.L). Further information on
Capita can be found at: http://www.capita.com.
LEI no. CMIGEWPLHL4M7ZV0IZ88.