Capita Hartshead to take on PPF payouts

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Capita Hartshead has been appointed by the Pension Protection Fund (PPF) to take administrative control of compensation payments to members of eligible defined benefit (DB) pension schemes which have failed.

The appointment, which is still subject to contract, will see Capita take on the role of compensation payroll administrator, which will see it make payments to eligible scheme members when they retire. It is proposed Capita Hartshead will run the contract from a bespoke version of its own in-house pensions administration platform HartLink, through its Darlington public sector division. The appointment was made following a series of tenders conducted under strict public contract regulations and European Union procurement rules, and will apply initially for three years, with the option to...

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