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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

NEST appoints world leading fund managers to invest our members’ money. For the full list of fund managers we work with see our quarterly investment information here.

Tender opportunities

NEST Corporation advises its tender opportunities in two places:

E-tendering platform

NEST Corporation uses the BravoSolutions e-tendering platform NEST eTendering Portal. All suppliers must register on BravoSolutions in order to participate in opportunities with NEST.

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

Provision 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 19 December 2017
Recruitment framework agreement - interim services Panel of 15 Providers 19 December 2017
Travel services Good Travel 15 August 2017
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 2021
AAF02/07 control assessment KPMG 14 June 2021
Managed domain services NetNames 15 May 2019
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