USS signs five-year contract extension with Capita Pensions

Jonathan Stapleton
clock • 1 min read

Capita Pensions has signed a five-year contract extension with the £66.5bn Universities Superannuation Scheme (USS) to continue to deliver the fund’s pension system and administration support.

The partnership builds on an existing five-year contract signed in 2015.

Through this contract extension, Capita will continue to provide its pension software to both the defined benefit (DB) and defined contribution (DC) sections of USS' pension scheme - administering the pensions of the scheme's 460,000 members.

Capita will also provide administration services and people resource to help run the collection and investment of contributions from over 340 higher education institutions for the DC section of the scheme.

Capita Pensions managing director Stuart Heatley said: "We are delighted to extend our relationship with USS. Their unwavering focus on member experience and digital ambitions mirror our own. This partnership will help us continue to deliver market leading solutions for the benefit of scheme members".

USS chief pensions strategy officer Helen McEwan said: "We are pleased to have extended our relationship with Capita. Our partnership is critical to ensuring we continue to effectively engage with our members and employees."

Established in 1974, USS is one of the largest private sector pension schemes in the country. USS provides the principal pension scheme for universities and higher education institutions in the UK as well as life cover and retirement and ill health benefits for academic staff.

More on Admin / Technology

PDP updates reporting standards

PDP updates reporting standards

Update sets out standards for data recording and reporting, as well as code of connection

Jasmine Urquhart
clock 20 November 2024 • 1 min read
Perceptions of the pension industry: Cracking the trust code

Perceptions of the pension industry: Cracking the trust code

Trafalgar House says prioritising clarity, simplicity and communication is key to building member trust

Daniel Taylor
clock 19 November 2024 • 6 min read
Trafalgar House launches online portal to simplify pension transfers

Trafalgar House launches online portal to simplify pension transfers

Portal allows members to complete the entire transfer process digitally

Jonathan Stapleton
clock 18 November 2024 • 1 min read
Trustpilot