We use cookies to improve your online experience. By continuing to browse this website you're agreeing to our cookie policy. Find out more about cookies and how we use them.

Procurement

NEST Corporation works to good public sector procurement principles. These ensure that we:

  • get good value for money
  • observe the need for a competitive process
  • ensure non-discrimination, with fair and transparent procedures and equal treatment of all potential suppliers
  • minimise risk
  • comply with internal and external requirements and regulations

We partner with a number of organisations to deliver both the scheme-related requirements and the corporate-related requirements.

You can contact our procurement team at procurement@nestcorporation.org.uk.

NEST works alongside global leaders

We work with global leaders to ensure we have the right infrastructure and processes in place for every stage of delivering the scheme.

Scheme administration

Scheme administration for NEST is delivered by Tata Consultancy Services (TCS).

TCS has an excellent track record in pension administration and IT. 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.

TCS signed the scheme administration contract in March 2010. The contract is for 10 years, with possible extensions of up to five years.

Find out more details about TCS in our TCS factsheet (PDF)​.

Fund administration

Our fund administration partner is State Street Corporation.

State Street Corporation operates in 25 countries around the world.

The fund administration contract was signed in November 2010 for 10 years, with a possible extension of up to five years.

Find out more details about State Street Corporation in our State Street factsheet (PDF)​.

Fund managers

We’ve appointed a number of fund managers to invest our members’ money:

  • UBS Life World Equity Tracker Fund
  • BlackRock Aquila Connect Market Advantage Fund
  • SSgA UK Conventional Gilts All Stocks Index Fund
  • SSgA UK Index Linked Gilts over 5 Years Index Fund
  • BlackRock Aquila Connect Cash Fund
  • Royal London Asset Management UK Corporate Bond Pension Fund
  • Northern Trust Emerging Markets Custom ESG Equity Index Fund
  • HSBC GIF Economic Scale Index GEM Equity Fund
  • LGIM Hybrid Property Fund
  • F&C Responsible Global Equity
  • F&C Responsible Sterling Bond fund
  • LGIM Managed Property Fund (UK)
  • HSBC Amanah Global Equity Index Fund

Tender opportunities

NEST Corporation advises its tender opportunities in two places:

- Over the OJEU threshold on Tenders Electronic Daily (TED) (opens in a new window)

- Below the OJEU threshold (at a value of £25,000 +) via Contract Finder (opens in a new window)

E-tendering platform

NEST Corporation uses the BravoSolutions e-tendering platform NEST eTendering Portal.

Terms and conditions for the NEST Corporation purchase of supplies or services may vary from case to case. However, the standard NEST Corporation purchase order conditions of purchase will apply unless a contract has been agreed and signed separately.

Key contracts awarded

Provision

Provider Expiry date
Scheme administration services Tata Consultancy Services 30 June 2020
IT managed service Capita Business Services 31 December 2015 (currently tendering)
Recruitment and fixed-term framework agreement - permanent and fixed-term Panel of 15 Providers 14 December 2016
Recruitment framework agreement - interim services Panel of 15 Providers 14 December 2016
Travel services Redfern 9 September 2015 (option to extend 12 months)
Research framework agreement Panel of 16 27 January 2016
Services relating to responsible ownership of investment Deloitte LLP 30 June 2015
Risk management system Barra International 10 January 2016
Human resources management system Advanced Business Software & Solutions Ltd. 17 December 2017
Learning and development training services Thales Training and Consultancy 31 March 2016
Legal services

Eversheds LLP

SGH Martineau LLP

Travers Smith LLP

30 September 2020
Scheme administration services: escrow agreement NCC Group 27 April 2020
Managed print service Altodigital 15 February 2015
Statutory audit provision for NEST scheme accounts KPMG 14 June 2017
Managed domain services NetNames 16 May 2017
Media monitoring and analysis services Gorkana 31 January 2016
General insurance intermediary Willis Limited 23 June 2016
Specialist insurance intermediary JLT 19 August 2015
Mobile phone services Vodafone 12 May 2015