Capita Hartshead has announced the acquisition of NorthgateArinso’s pensions business.
The division, which has around 64 clients, provides outsourcing administration and services to in-house pension departments.
It is proposed that the 89 employees who work in NorthgateArinso’s pension division will transfer to Capita Hartshead.
The completion of the contract is scheduled for 5 August following a transfer of undertakings, protection of employment, (TUPE) consultation with staff.
Capita Hartshead will continue to fully support and develop the NorthgateArinso pensions administration software in parallel to its outsourced administration system, Hartlink.
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, said: “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.”
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