After the acquisition of Bluefin Corporate Consulting by Capita Hartshead in April, the companies are to combine forces and rebrand as Capita Employee Benefits. The new name comes into effect from November.

The new business will offer a comprehensive range of services including pension administration and consultancy, data cleansing, investment and actuarial consulting, and the design and implementation of health, risk and flexible benefits.

Nick Burns, chief executive of both teams, said: "I'm excited to announce the formation of Capita's Employee Benefits business. The merger creates a well-rounded full-service company, offering award-winning administration services and consultancy solutions backed with market-leading technology. We have big plans for the business, and believe we will be well placed to address the needs of existing and new clients in this constantly changing market." 

Capita Employee Benefits evolved from a team set up in 1974 to administer the local government pension scheme on behalf of the water authorities. In 1997, it became part of Capita plc, listed on the FTSE 100 company. More recently, it expanded its core service offering via a number of strategic acquisitions including boutique consultancy firms Gissings, Higham Dunnett Shaw, Aspen (Actuaries and Pension Consultants) and FPS. In the middle of last year it acquired the pensions business of pensions administration and software specialists NorthgateArinso and eventually in April of this year Bluefin Corporate Consulting.

Its workforce comprises over 2,400 employees operating from 24 locations across the UK and Ireland.

The pensions administration team alone looks after over 650 clients with more than 4 million members. In total, Capita Employee Benefits' clients now have pension scheme assets of over £100bn.

First published 11.09.2012

azeevalkink@wilmington.co.uk