Deal 'will save £60m pa'

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Prudential UK is to outsource its life and pensions policy administration to Capita. Both in-force a...

Prudential UK is to outsource its life and pensions policy administration to Capita. Both in-force and new policies will now be administered by the group, in a deal Prudential has calculated will save it £60m a year until 2010. Prudential currently has 17 legacy systems used in policy administration, with teams based in Stirling, Reading and Mumbai. The deal will see the systems transferred to two Capita platforms, with 1,750 UK-based staff moving over to Capita under the Transfer of Undertakings (Protection of Employment) (Tupe) regulations. Capita will pay £25m to acquire the business, ...

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