NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION
Scheme administration services contract
This is a contract result notice, not an open opportunity. Details from the official award data.
This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.
The Authority has awarded a contract to Tata Consultancy Services (TCS) 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 will be for a minimum term of 10 years, with an optional extension period of up to 5 years, and the option of an additional period of up to 3 years for exit.
The total contract value is indicative and covers this potential 18 year period.
The Authority considers that competition is absent for technical reasons and so has awarded the contract to TCS without publishing a prior call for competition.
The Authority and TCS entered into the contract on 21/06/23.
What the notice asks for
The administration services will support auto-enrolment
The administration services will support auto-enrolment and be delivered primarily via digital channels.
Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.
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- OCID
- 8bb4718f-c70a-47a6-8361-cf1ee254bfc3
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- NEST Service administration contract award
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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