NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION · Awarded contract
Awarded

Award of Scheme Administration Services Contract to Tata Consultancy Services for National Employment Savings Trust

Awarded 20 Jun 2023

View live tenders
Awarded20 Jun 2023
Value£1,500,000,000.00
SupplierTata Consultancy Services Limited
AgencyNATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION
RegionUnited Kingdom
CategoryIT & Software
Expires in 6y 8mo10y term, 34% elapsed
Awarded 20 June 2023Expires 19 June 2033

About

The National Employment Savings Trust (NEST) Corporation awarded a contract to Tata Consultancy Services Limited for the build, delivery, and operation of administration services for the defined contribution pension scheme known as the National Employment Savings Trust.

The administration services will support auto-enrolment and be delivered primarily via digital channels.

The contract has a minimum term of 10 years, with an optional extension period of up to 5 years, and an option of an additional period of up to 3 years for exit, covering a potential 18-year period.

The total contract value is £1,500,000,000.

The Authority considered that competition was absent for technical reasons and awarded the contract without publishing a prior call for competition.

The contract was entered into on 21/06/23.

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