Capita’s Pension Mess Costs Millions | London News

Capita’s profits are on the brink after a £25-40 million hit from catastrophic failures in the civil service pension scheme, where thousands of retirees waited months for vital payments and quotes—some even died before receiving them. The CEO has apologized for “very poor service,” while the government has withheld £10 million and provided £15 million in hardship loans. Capita blames rising costs and complex bureaucracy, but officials are now deploying civil servants to clear the backlog at a £12.5 million cost—with full intent to recoup it. The pressure is mounting to fix the mess and restore public trust. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/1af422cff32c6ebe