Logica UK pulls out of running for personal accounts administration

The Personal Accounts Delivery Authority (Pada) has confirmed that Logica UK has withdrawn from the competitive dialogue process for scheme administration services.

Tim Jones, PADA chief executive, said: “We wish to thank Logica and its key sub-contractors for their engagement with us. They are impressive organisations. We enjoyed working with them and have benefited from their input throughout the dialogue process.

“This is a complex procurement and it is not unusual for bidders to re-assess their position as competitive dialogue continues. The process with other bidders is proceeding well and we are very confident we will have a strong competition for the final contract.”

Logica UK follows Danish pension fund and administration firm Arbejdsmarkedet Tillaegspension who pulled out of the running in October.

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