Stuart Heatley: The results are a testament to the hard work of our colleagues and our strong client relationships and partnerships
Capita Pension Solutions has posted its results for the year ending 31 December 2023 – revealing a 25.7% rise in revenue – and announced a reshuffle of its senior management team.
The firm said turnover at the business increased from £138.2m in 2022 to £173.7m last year. It added it had also secured £300m of new contract wins and renewals during the year – wins that included a multi-million pound admin deal with the Civil Service Pension Scheme announced in November.
The business also announced a senior management change which will take effect from 1 July – with Capita Pension Solutions managing director Stuart Heatley moving to take on a more global role and the current finance director of Capita Experience UK moving to take over Heatley's existing role.
Heatley said: "2023 was a challenging year, however our results are a testament to the hard work and dedication of all of our 2,200 colleagues and the strong client relationships and partnerships we have.
"As we continue with our ongoing digital transformation strategy, we will work closely with our clients and their members to ensure we meet the evolving needs of our industry."
He continued: "As our business continues to grow and in order to provide a clear focus on delivering on our promises, I am delighted to announce that with effect from 1 July 2024, I will be moving into the role of global practice leader and executive director (leading on strategy, clients, markets, and growth) and Chris Clements, who has already worked for a number of years in our pensions business as finance director, will become the managing director (leading on our business delivery).
"It will be great to be working closely with Chris again and we are both looking forward to working with our 450 clients and building on last year's results."
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