Capita to acquire NorthgateArinso’s Pension business
Capita Hartshead today announces the acquisition of NorthgateArinso’s Pension business.
This specialist NorthgateArinso division, which provides outsourcing administration solutions and offers services to in-house pensions departments, has around 64 clients.
Mike Addenbrooke Managing Director at Capita Hartshead said: “Growth through acquisitions always brings new skills and expertise into our business, giving us a depth of experience and practical know how that sets us apart from our competitors. This acquisition will strengthen our flexibility in an ever-changing market. It will enable us to partner with pension schemes which are administered in house by offering licensed software together with the support of other specialist pension services.”
Mike Ettling, CEO of NorthgateArinso added: “NorthgateArinso is in the business of providing industry-leading HR services from processing payroll to talent management and HR strategy. We thought long and hard about the decision to sell the Pension division and believe that in order to shape the company for continued success we must focus tightly on our core area of expertise - HR.
“The Pension business has been a successful division and it is led by a strong team. Our principle objective in the coming weeks is to work with Capita Hartshead to ensure a smooth transition for both the division’s customers and its team.”
Capita Hartshead’s HartLink system, built and developed in house, will remain the foundation of its solution for new out-sourced administration contracts. Using the combined talent and experience of its existing and newly acquired staff, Capita Hartshead will also continue to fully support and develop the NorthgateArinso pensions administration software in parallel to HartLink.
It is proposed that NorthgateArinso’s 89 employees who work in the Pension division will transfer to Capita Hartshead. Completion of the contract is scheduled for 5th August, following a TUPE consultation with the employees.
- Ends -
Date: 22 July 2011
Press enquiries: Capita Hartshead: Ellen Gracey or Sally Ling at GR Communications on +44 20 3159 5001
NorthgateArinso: Nicola Flynn at Edelman on +44 20 3047 2365
Notes for editors
About Capita Hartshead
Capita Hartshead initially evolved from a team set up in 1974 to administer the Local Government Pension Scheme on behalf of the water authorities. In 1997, we became part of The Capita Group Plc, a FTSE 100 company and one of the UK's most experienced professional support service businesses. More recently, we have expanded our core service offering via a number of strategic acquisitions including boutique consultancy firms Gissings, in June 2009, Higham Dunnett Shaw and Aspen (Actuaries and Pension Consultants) plc.
Our workforce comprises over 1,700 employees operating from 14 locations across the UK and Ireland. The pensions administration team alone looks after over 650 clients with more than 3.7 million members. In total, our clients have pension scheme assets of over £50bn.
We place great importance on building relationships and this has helped us achieve a 98% client retention rate.
The results of Capita Hartshead’s 17th Annual Pensions Administration Survey are now available online at http://www.pensionsadminsurvey.co.uk/
Further information on Capita Hartshead and client testimonials can be found at: http://www.capitahartshead.co.uk
About NorthgateArinso
NorthgateArinso is the specialist HR, Payroll, Pensions and Reward division of Northgate Information Solutions. We are the leading UK supplier to all market sectors with a client community of over 15,000 organisations. NorthgateArinso is a leading solution provider to all organisations from SMEs through to large blue chip and public sector bodies and also for any HR requirement, from a stand-alone training solution to a comprehensive fully integrated HR, Payroll and Pension management solution. All of which are available through a range of deployment options.
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