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The Independent UK

Business

Holly Williams

Capita shares plunge following civil service pension scheme failures

Capita Civil Service Cabinet Office Office Nick ThomasSymonds

Shares in Capita tumbled as much as 16% in Tuesday morning trading as the contract issues hit the stock. -

Outsourcing giant Capita has admitted its handling of the civil service pension scheme has been 'not good enough', as its shares plummeted following a cabinet minister's scathing attack.

The firm apologised for delays to the 1.7 million-member scheme, leaving thousands of civil servants awaiting crucial payments and retirement quotes.

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