Contract win
Capita Group PLC
26 April 2007
CAPITA TRUST COMPANY CHOSEN AS NEW TRUSTEE BY OSPT
Capita Trust Company Limited ('Capita Trust'), part of Capita Fiduciary Group
and a wholly owned subsidiary of The Capita Group Plc ('Capita'), has announced
that it has been chosen by the Official Solicitor and Public Trustee ('OSPT'),
to act as the new trustee of an initial group of 471 private trusts currently
managed by them. The deal is worth £12 million over 10 years.
Capita Trust was chosen by the OSPT after an open, competitive tender process,
including a lengthy and in-depth evaluation of all aspects of customer service,
value for money and operational systems and procedures.
Paul Pindar, Chief Executive of The Capita Group Plc, said, 'I am delighted that
Capita Trust has been chosen by the OSPT. This is a significant appointment
underlining Capita Group's commitment to supporting the trust industry. The
contract draws on our ability to deliver high-quality customer service and
efficient administration, supported by effective technology platforms and highly
skilled employees.'
David Thompson, Public Trustee and Operational Director for the Official
Solicitor added: 'We look forward to working with Capita to ensure the seamless
transfer of cases, with no disruption to service during the transition. The
project is challenging and unique, requiring staff on both sides to work closely
together to maintain high levels of customer service throughout and beyond the
transitioning process. Capita staff are working on site at OSPT to ensure any
problems are dealt with immediately so that the challenging timetable can be
met.'
- ends -
For further information please contact:
The Capita Group Plc +44 (0)20 7799 1525
Paul Pindar, Chief Executive
Shona Nichols, Corporate Communications Director
Caroline Mooney
Capita press office
Tel : 0207 654 2152
Email : caroline.mooney@capita.co.uk
Notes to editors
The Capita Group Plc is the UK's leading provider of integrated professional
support service solutions. The Group's service capabilities encompass business
process outsourcing, (BPO), customer services, administration and support, human
resources, ICT, property consultancy, finance & treasury and consultancy
delivered to both public sector and private organisations. With 27,800 employees
at more than 250 offices across the UK, Channel Islands, Ireland and India,
Capita is quoted on the London Stock Exchange (CPI.L), and is a constituent of
the FTSE100 with revenues for 2006 of £1,739 million.
Further information on The Capita Group Plc can be found at: www.capita.co.uk
Capita Trust Company Ltd, part of the Capita Fiduciary Group, is a company that
provides an extensive range of sophisticated trustee, corporate, fund and
ancillary services to a wide range of institutional, corporate and private
clients worldwide.
Capita Trust Company Ltd is authorised and regulated by the Financial Services
Authority.
Capita Trust Company is wholly owned by the Capita Group Plc, the UK's leading
provider of integrated professional support service solutions.
The Official Solicitor and Public Trustee, is administered as part of the
Department for Constitutional Affairs. The Official Solicitor is part of the
judicial system of England and Wales (excluding Scotland and Northern Ireland),
while the Public Trustee is a separate and independent statutory body, and both
are appointed by the Lord Chancellor. The Official Solicitor acts for people
who, because they lack mental capacity and cannot properly manage their own
affairs, are unable to represent themselves and no other suitable person or
agency is able and willing to act. He usually becomes formally involved when
appointed by the Court, and he may act as his own solicitor, or instruct a
private firm of solicitors to act for him. The Public Trustee may act as
executor when requested to do so, but, may also act as administrator of an
estate of a deceased person (with or without a will), or as trustee of a trust
whether as original or substitute trustee, usually only as a last resort, and in
the interests of vulnerable individuals or persons under disability, or where
there are differences between executors, trustees, or beneficiaries.
This information is provided by RNS
The company news service from the London Stock Exchange