Outsourcer Sues Pensions Administrator For £20M Unpaid Bill

By Joel Poultney (April 5, 2022, 6:49 PM BST) -- An insurance technology outsourcing specialist has taken a life and pensions administrator to court to collect £20 million ($26.2 million) in unpaid invoices, after the administrator moved to change providers.

Capita Life & Pensions told the High Court in a March 14 claim, which has recently been made public, that Pearl Group Management Services owes the money because it has failed to paid for all the services the insurtech firm has provided.

Pearl Group oversees the management and governance of the life assurance policies for its parent company, the Phoenix Group.

Capita also alleged that Pearl Group's refusal to pay violated...

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