Scheme administration services contract
Details
- Supplier(s)
- TATA Consultancy Services Ltd
- Value
- £1,500,000,000
- Duration
- 10 years
- Topic
- Financial and insurance services
- Published
- 21 June 2023
- Source
- uk:contracts_finder
Tender description
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.
Timeline
- Completed: Award published21 June 2023Current notice
- Completed: Award date21 June 2023
- Next: Contract expiry date20 June 2033in 7 years
About the buyer
National Employment Savings Trust (NEST) Corporation is a non-departmental public body accountable to the Department for Work and Pensions, and runs the UK's largest workplace pension scheme by membership as trustee. NEST was established in July 2010. The procurement team manages contracting activity and can be contacted directly by suppliers.
Over the past 5 years, most of NEST's contract awards have been in financial and insurance services, business services and IT services.
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov |
31 similar open tenders
See more open tenders related to Financial and insurance services.
- Open tender
Fair Value & Expected Credit Loss
- Open tender
Provision of Insurance Services
- Open tender
Insurance Procurement
- Open tender
Provision of Banking & Merchant Services
- Open tender
Insurance Services 3
Related buyers
Buyers similar to National Employment Savings Trust (NEST) Corporation.
- 2,965£723.3m
- 1,212£14.3bn
- 814£8.9bn
- 549£16.2bn
- 511£4.2bn
- 440£130.7m
- 394£427.5m
- 356£1.7m
- 321£340.3m
- 283£10.2bn
Finding public sector work shouldn't be hard
Make your next tender search effortless with Stotles. Set up alerts, find decision maker contacts and never miss a good-fit opportunity again.