Capita

How the funding of defined benefit pension schemes is changing

Deal covers three schemes and secures the benefits for 5,100 retirees and 2,500 deferred members

Transaction secures the benefits of over 850 deferred members and 650 pensioners

Buy-in took place in July 2024, with buyout secured in January 2025

First firms complete dashboard connection, Abrdn DB surplus plans, Capita annual results

Firm says Capita Digital Pension Solutions will mark ‘step change’ in its service offering

Incoming chair says issue is the ‘defining challenge of our generation’

Stuart Heatley to take on global strategy and growth role from 1 July

Sponsors urged to negotiate ‘robustly’ on funding assumptions and agreements

Professional Pensions asks leading industry figures for their thoughts on today’s statement