September a good month for financial services in Belfast, as over 500 jobs are created
September 29th: Capita, with a 336 job expansion by its life and pensions division at its centre in north Belfast, and PricewaterhouseCoopers, with a 247 job expansion in a centre of excellence are adding 577 job positions to the city's financial services sector.

PricewaterhouseCoopers is recruiting 247 consultancy staff at its Belfast office to establish a centre of excellence in Northern Ireland. Consultancy services will be offered to clients all over the world in three key areas: technology, capability and training and research. The posts will bring total employment at the firm in Belfast to over 1,000.
Northern Ireland's Enterprise Minister Arlene Foster (r) is pictured with Anne Marie McGoldrick, Operations Director, Life and Pensions, Capita.

PWC has expanded its overseas focus from 10 p.c. of the consultancy business out of Belfast four years ago, to 60 p.c. today. It will now go up again to 80 p.c.. Invest Northern Ireland is offering GBP 1.8m to support the jobs

Northern Ireland's Enterprise Minister Arlene Foster announced a 336 job expansion by Capita’s life and pensions division at its centre in north Belfast on September 27th. The expansion is being supported by Invest Northern Ireland, which has offered over GBP 1 million of support through its Short Term Employment Scheme (STES). The Minister said: “These new jobs, which will be created over the next four years, are very welcome in the current economic climate and offer a wide variety of opportunities including management and supervisory positions.

“The expansion will also open up new jobs to returners to work, people who are keen to develop valuable transferable skills and those who are seeking to get on the employment ladder for the first time. The salaries generated will eventually contribute over GBP 5 million a year to the Northern Ireland economy.

“This project is the first to be announced under Invest Northern Ireland’s Short Term Employment Scheme, which was set up earlier this year to stimulate job creation in response to the challenges of the global economic downturn. The scheme aims to create 4,000 jobs by 2014 and includes a range of temporary measures to support individuals to start a new business as well as employment support for established businesses.”

The Minister added: “Invest NI has identified the business and financial services sectors as key drivers for growth in our economy and has worked hard to secure this project for Northern Ireland against competition from lower cost economies.”

Capita has operated at Beacon House, Clarendon Dock, Belfast for almost five years, servicing global companies such as Prudential, MetLife and Aviva.

Anne Marie McGoldrick, Operations Director, Life and Pensions, Capita said: “We are forecasting significant sales growth for our Belfast operation over the next three years and in order to facilitate that growth, we will need to quadruple our employee numbers. Capita’s very positive experience in Belfast to date, the competitive cost base of the Belfast operation together with Invest NI’s support and the availability of suitable staff in the marketplace all combine to make upscaling our operations here a very attractive and viable strategy.”

In Dublin, Capita operates from Montague House, Adelaide Road, Dublin 2

According to its Company profile in the Finance Dublin Yearbook 2011:

'Capita Life & Pensions (Ireland) Ltd. provides full end to end administration services to cross border and domestic life assurance and pension companies. It took over responsibility for the administration of the cross border life business for Prudential International and St. James Place Capital in December 2003. It is a subsidiary of Capita Plc, which is the leading outsource provider in the public and private sector in the UK and employs 24,000 people.

'Capita Life & Pensions (Ireland) Ltd. specialises in providing financial, actuarial, underwriting, programme management, IT and administration services to companies wishing to run cross border life assurance activites out of Ireland. It has proven capability to manage complex projects across different cultures. It has the capability to manage both domestic and cross border open and closed books of business.