Capita Wins Two New Contracts

Capita Wins Two New Contracts

The Capita Group Plc has announced its intent to enter into a new contract with MetLife Europe Ltd to deliver a major new phase of their strategic outsourcing partnership. The contract will be worth approximately £120 million over 10 years, with scope for additional services to be added, and helps underpin the long-term UK growth strategy of MetLife.

Capita also announced that it has been appointed as preferred supplier by the Department for Education, after a competitive tender process, to administer the Teachers' Pension Scheme (TPS). The 7 year contract worth £80 million, with an option to extend for up to three years, would start in October 2011 when the current contract, also with Capita, ends.