Scheme administration services contract

Concepts

• scheme administration
• scheme administration services contract
• finance and insurance
• tata consultancy services
• operation of administration services
• defined contribution pension scheme
• administration services
• technical reasons
• national employment savings trust
• minimum term

Location

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.

Award Detail

CPV Codes

• 66000000 - Financial and insurance services