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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
  • Amundi Global Emerging Market Debt 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.

Modern slavery

NEST Corporation does not condone any instances of modern slavery or human trafficking and NEST’s suppliers are expected to be compliant with the Modern Slavery Act. As a consequence, NEST’s procurement process requires compliance from potential suppliers with the Modern Slavery Act 2015.

Key contracts awarded


Provider Expiry date
Scheme administration services Tata Consultancy Services 30 June 2023
IT managed service Advance 365 Limited 15 September 2020
Recruitment and fixed-term framework agreement - permanent and fixed-term Panel of 15 Providers 14 December 2016
(option to extend 12 months)
Recruitment framework agreement - interim services Panel of 15 Providers 14 December 2016
(option to extend 12 months)
Travel services Redfern 9 September 2016 (option to extend 12 months) Currently retending
Research framework agreement Panel of 16 27 January 2016
Risk management system Barra International 7 March 2021
Human resources management system Advanced Business Software & Solutions Ltd. 17 December 2017
Learning and development training services QA Limited 31 March 2019
Legal services

Eversheds LLP

SGH Martineau LLP

Travers Smith LLP

30 September 2020
Scheme administration services: escrow agreement NCC Group 27 April 2020
Statutory audit provision for NEST scheme accounts KPMG 14 June 2017
Managed domain services NetNames 16 May 2017
Media monitoring and analysis services Precise media monitoring Limited 31 January 2018
Internal audit Ernst & Young LLP 12 May 2017
Taxation services Pricewaterhouse Coopers LLP 27 December 2019