---
title: "Scheme administration services contract"
ocid: "ocds-b5fd17-cd420747-0b1c-40d6-b53c-b2f1527ea6a4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-cd420747-0b1c-40d6-b53c-b2f1527ea6a4"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-cd420747-0b1c-40d6-b53c-b2f1527ea6a4.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-cd420747-0b1c-40d6-b53c-b2f1527ea6a4.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION"
published: "2023-06-21"
---

# Scheme administration services contract

Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION  
Current stage: Award  
OCID: ocds-b5fd17-cd420747-0b1c-40d6-b53c-b2f1527ea6a4

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## Summary

The National Employment Savings Trust (NEST) Corporation has recently awarded Tata Consultancy Services (TCS) a contract for scheme administration services for the defined contribution pension scheme. The contract, valued at £1.5 billion GBP, will last for a minimum of 10 years with potential extensions. It was awarded via a Negotiated procedure without prior publication. The contract was signed on 21/06/23, and the tender had a closing date of 25/05/23. The procurement falls under the Financial and insurance services category.

This tender presents significant business opportunities for enterprises capable of providing administration services for pension schemes in the financial sector. Businesses with experience in digital channels and expertise in long-term contract management may find this opportunity particularly suitable. NEST Corporation's decision to award the contract directly to TCS without a competitive call implies a specific technical need for their services, potentially limiting competition among other suppliers in the market.

## Notice

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.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8bb4718f-c70a-47a6-8361-cf1ee254bfc3 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Negotiated procedure without prior publication (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Jun 2023 |
| Submission deadline | 25 May 2023 |
| Future notice date | Not specified |
| Award date | 24 May 2023 |
| Contract period | 20 Jun 2023 - 20 Jun 2033 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £1,500,000,000 |
| Lots value | Not specified |
| Awards value | £1,500,000,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 4PU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | TATA CONSULTANCY SERVICES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 21 Jun 2023 at 11:01 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8bb4718f-c70a-47a6-8361-cf1ee254bfc3

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/8bb4718f-c70a-47a6-8361-cf1ee254bfc3
  21st June 2023 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.nestpensions.org.uk

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-cd420747-0b1c-40d6-b53c-b2f1527ea6a4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-cd420747-0b1c-40d6-b53c-b2f1527ea6a4.json.