Administration

Delivering investments efficiently

NEST Retirement Date Funds are funds of funds made up of index-tracking and actively managed pooled funds provided by some of the world’s most respected fund managers. Our fund structure allows us to manage the asset allocation dynamically and efficiently throughout a saver’s time with NEST.

The fund of funds model also reduces our trading costs. We swap assets between NEST Retirement Date Funds as they go through their lifecycle rather than repeatedly buying and selling. So, on the whole, we have very low trading costs, meaning members' pots aren’t eaten away by high transaction costs.

Fund accounting

Our fund accounting is provided by State Street Bank, a global leader in fund administration services.

Scheme administration

NEST's scheme administration is provided by Tata Consultancy Services (TCS), part of the Tata Group and a top-10 global IT services, business solutions and outsourcing company.

TCS manages:

• enrolling members
• collecting contributions
• managing accounts and accessing savings
• employer participation
• passing funds to the fund administrator

TCS employs 160,000 employees in 42 countries around the world, with more than 60 sites in the UK. It has more than 30 years' experience in the UK insurance sector with 90 insurance clients including the top seven UK insurers.

Its UK subsidiary, Diligenta, provides services to the UK life and pensions market and administers more than 3.5 million policies.