Capita plans to merge its pensions business, Capita Hartshead, with newly acquired Bluefin Corporate Consulting by the end of the year.
Capita announced its acquisition of Axa’s employee benefits consultancy this week. The deal is worth £50m and sees Axa retain the Bluefin trading name.
Bluefin Corporate Consulting chief executive Nick Burns (pictured) will become chief executive of the combined business.
Burns says: “I believe that Capita Hartshead’s strength in pensions administration, actuarial and consulting, together with Bluefin’s award-winning employee benefits expertise and market-leading online technology, will combine to deliver a wide range of client services. With the full backing of a FTSE 100 company, this new business will be able to provide genuinely innovative solutions to the rapidly evolving and increasingly dynamic employee benefits market.”