Capita reveals earnings hit of up to £40m from Civil Service pension failures

Capita has warned over an earnings hit of up to £40 million (PA) -

Capita has warned over an earnings hit of up to £40 million this year due to a raft of contract failures on the UK’s Civil Service pension scheme.

The outsourcing giant said it is taking actions to offset the impact but expects underlying operating profits to be knocked by between £25 million and £40 million in 2026 from the contract.