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    Capita apologises for pension scheme failures

    2 weeks ago

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    Capita has acknowledged shortcomings in managing the civil service pension scheme, affecting 1.7 million members. Shares fell 16% following criticism from Cabinet Office minister Nick Thomas-Symonds, who suggested the contract may need government oversight. Delays in processing payments and outstanding cases have prompted calls for Capita to be stripped of the contract, which was previously signed in 2023.
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