Danish pension fund and administration provider ATP has pulled out of the running for the personal accounts administration contract, PADA has confirmed.
The Personal Accounts Delivery Authority said Arbejdsmarkedet Tillaegspension (ATP) had withdrawn because "providing services for personal accounts does not fit with their commercial model". A PADA spokeswoman explained ATP Group were in competition with Great-West Retirement Services, a consortium made up of Great-West Life & Annuity Insurance Company and Canada Life Group; Logica UK; and Tata Consultancy Services for the contract. She said: "We completed our evaluation of the pre-qualification questionnaires in April and invited short-listed suppliers to take part in the next stage ...
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