The company, part of the Capita Group that has led the outsourcing revolution in local government, was also ordered to pay £4,000 in costs for 'compliance failings'. In a statement the company said: 'Capita deeply regrets any inconvenience caused by this unfortunate incident, which stems from work undertaken by predecessor companies. Capita Financial Services no longer deals with personal pension provision and the corrective actions ordered by the PRA have all been implemented.'Capita manages pensions for more than two million staff across the private and public sectors.
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