Aptia ‘builds business for its people’ with announcement of All Colleague Share Plan
London, Boston and Mumbai - August 30, 2024
Aptia Group, the leading pensions and employee benefits administrator has today announced the launch of its All Colleague Share Plan (ACSP), meaning that every single one of its global workforce, no matter grade, location or length of service, will own a share in the future of Aptia.
Whilst share plans are not unheard of, they remain incredibly rare in private equity owned businesses. But we’re doing things differently, we believe we’re creating something special, building a new force in pensions and benefits administration and fundamental to that is putting our people front and centre – and rewarding them accordingly.
Bala Viswanathan
Founder & Group CEO, Aptia
Employees are not required to invest any of their own money, but are directly rewarded by Aptia’s performance in the market. And that performance is looking promising. Aptia has the largest pension portfolio in the UK and a health and benefits administration business that is trusted by some of the biggest employers in the US. Specialist administration is a fast-growing sector and currently sees annual growth across the market of between 6% and 8% per year.
Our focus on administration and our investment in people and technology means we have the potential to grow at an even faster rate than the market. We’re very fortunate also, to have a private equity backer in the form of Bain Capital which is not only funding our growth but also providing expertise and advice to help us continually improve and develop – and they’ve backed our ACSP from day one.
Bala Viswanathan
Founder & Group CEO, Aptia
Media Contact:
mediaenquiries@aptia-group.com
About Aptia
Aptia is a trusted provider of employee benefits and pensions administration services, with offices in the U.K. and U.S., supported by shared services in India and Portugal. It manages programs covering over 7 million people and serving more than 1,100 clients. Aptia delivers efficient and reliable solutions that ensure the smooth management of pension plans and employee benefits programs. Our dedicated team of experts combines in-depth knowledge with leading technology to simplify the administration process.