Pensions contract award

5th April 1996 at 01:00
The Government has awarded the teachers' pensions contract to Capita Managed Services Ltd, which is running the pilot nursery vouchers scheme, The contract will run for seven years from October 1, education junior minister Robin Squire announced on Monday.

The Government's announcement last autumn that it was pressing ahead with privatisation of the Teachers' Superannuation Scheme was criticised by all six teacher unions, who argued that private companies might not respect the confidentiality of information on the Teachers' Pensions Agency database. Mr Squire said that Capita's administration would save the taxpayer Pounds 20 million and that teachers' pensions "will not be affected in any way".

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