I agree. And Richard Murphy made much the same points and more after reading Martin Wolf’s FT piece yesterday, in…
"it will need increased taxation of some kind" Rubbish. Suitable cuts in other government expenditure would do the job and…
When taxation is retroactive it will change behaviour. Be careful with envy focused legislation promote real solutions to British poor…
Extending time horizons can ease short-term funding pressure, but it shifts risk toward younger members. Reform should make those intergenerational…
Tag Archives: Capita
Capita’s pension debacle poses the question “what else can Government outsource?”
This letter asks a question that poses the practical against the philosophic laws of outsourcing. For those who reckon that privatisation is the way forward, we have been moving forward since the days of Margaret Thatcher. For those who are … Continue reading
Innovators and Disrupters needed to pay UK’s Civil Service pensions!
There’s a lot of work being launched to understand what has gone wrong with the Civil Service Pension. You can read about it here. I agree that the problem is systemic but I wonder what “enforcement” can bring about. How … Continue reading
Is this the end for Capita as a business winning Pension Administrator?
Its share price went down a quarter on Thursday when it became clear how bad the news from the Civil Service Pension Scheme really was. Despite reports of increased profits in other parts of pension administration, I wonder how easy … Continue reading
Angela MacDonald on the Civil Service Pension Scheme recovery from 6 months with Capita.
I had lunch with Bryn Davies today. At 1pm he had the good news that that afternoon he would get the chance to ask his Government what they were doing to put right the disaster of the Civil Service Pension … Continue reading
Things go from worse to worst for Capital
The Civil Service pension scheme is making payments to 740,000 retired civil servants. A civil servant asks me. “Can we tolerate such standards of pension administration for the Civil Service?” Thanks to Helen Cahill, Mergers, Acquisitions and Restructuring Correspondent for … Continue reading
If Capita don’t deliver on pension administration milestones they should lose the contract
Steve Thomas, Deputy General Secretary of Prospect union, responding to the government’s statement on the administration of the Civil Service Pension Scheme by Capita, said: “The ongoing problems with the Civil Service Pension Scheme are totally unacceptable and are causing … Continue reading
Civil Servant restitution for Capita pension cock up.
Emergency payments scheme launched This article is from the Public and Services Commercial Union and can be found on its website Interest free loans are now available for pension scheme members awaiting payment of their civil service pensions. The introduction … Continue reading
Don’t like to MOVEit MOVEit.
MOVEit file transfer software has been found vulnerable to Russian hackers . This is how Sky news is reporting the story. The BBC, British Airways and Boots have been caught up in a cyber incident that has exposed employee personal … Continue reading
Some words of sympathy for staff at Capita Pensions.
It is too easy to forget that hackers destroy more than just the security of the people whose data they steal and use for nefarious purpose. Behind the Capita story are the people who work at Capita who have to … Continue reading
Capita in the dark- dashboard in the lay-by. No news ≠ good news
No news ≠ good news from Capita Capita are reported in the Times to be estimating the cost of the hack of pension data to be £20m to its shareholders. In its third stock-market announcement since it revealed it had … Continue reading
This is not a good piece by Alan Livsey. As Anonymous has said he does not seem to have grasped…