Back to news 1 February 2018
Capita: Trustees monitor risk
Capita, the outsourcing firm which acts as administrators of Reuters Pension Fund and runs the Thomson Reuters Member Services Centre, is in the news after a profit warning, suspension of its dividend, and a plunge in its share price.
Reuters Pension Fund is, like all pension schemes, exposed to a number of risks and in line with guidance from The Pensions Regulator maintains a Risk Register which is reviewed and updated at least once a year. The Register covers all areas of RPF and in particular operational risks which include amongst others potential risks with services provided by all our suppliers. Each risk is assessed against a number of criteria, e.g. probability, impact and action to minimise that risk as well as action to take if it occurs.
In the case of Capita, the Service Agreement with RPF allows access to all relevant administration data should the need to move to an alternative service provider arise.