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Procurement

Nest Corporation works to comply with public sector procurement rules and principles. These seek to ensure that we:

  • obtain value for money
  • observe a competitive process
  • apply principles of non-discrimination, equality and transparency 
  • comply with applicable regulations.

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

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

Nest works alongside global industry leaders

We work with global industry 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).

What do TCS do for Nest?

TCS manage the following:

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

Find out more details about TCS.

TCS signed the scheme administration contract in March 2010. The contract comes to an end in 2023.  

In May 2018 Nest issued a PIN (Prior Information Notice) for the procurement of future scheme administration services in the Official Journal of the European Union. This allowed us to formally engage with the market to understand how requirements might be met or may need to be set out to run a successful procurement process.  

We are working towards publishing a contract notice on TED and use BravoSolution to keep the market informed of developments.

Fund administration

Our fund administration partner is State Street Corporation.

The fund administration contract was signed in November 2020 for five years.

Find out more details about State Street Corporation.

Tender opportunities

Nest Corporation advises its tender opportunities in two places:

E-tendering platform

Nest Corporation uses the BravoSolution e-tendering platform Nest eTendering Portal. All suppliers must register on BravoSolution 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 activity which constitutes modern slavery or human trafficking under the Modern Slavery Act (MSA) 2015. Any commercial organisation in the UK with a turnover in excess of £36 million is required to produce a slavery and human trafficking statement, under section 54(9) of the Act.

Since 2016, Nest Corporation has built on the existing steps in its anti-slavery process and improved the process. It has carried out risk assessments across the organisation to identify the impact of the MSA on its activities and supply chain, and the potential exposure to modern slavery and human trafficking activity. 

Nest Corporation carried out a due diligence exercise, contacting its main suppliers to monitor their compliance with section 54 of the MSA and by requesting them to notify Nest of any actual or suspected breaches of modern slavery that have occurred within their organisations in the last 12 months. 

As a public corporation, Nest Corporation undertakes due diligence when considering taking on new suppliers in accordance with the Public Contracts Regulations 2015.

Key contracts awarded

Provider:

Tata Consultancy Services

Expiry date:

30 June 2023

Provider:

Advance 365 Limited

Expiry date:

30 November 2023

Provider:

Selective Travel Management

Expiry date:

31 March 2023

Provider:

QA Limited

Expiry date:

31 March 2022

Provider:

SGH Martineau LLP

Expiry date:

29 September 2021

Provider:

Eversheds LLP
Travers Smith LLP

Expiry date:

30 September 2022

Provider:

NCC Group - TCS

Expiry date:

31 March 2022

Provider:

KPMG

Expiry date:

31 July 2026

Provider:

KPMG

Expiry date:

31 July 2021

Provider:

Com Laude

Expiry date:

31 March 2023

Provider:

Signal Media Ltd

Expiry date:

7 April 2023

Provider:

Ernst & Young LLP

Expiry date:

13 May 2022

Provider:

Deloitte LLP

Expiry date:

19 November 2023

Provider:

Grant Thornton

Expiry date:

31 July 2024

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How Nest is run

As a public corporation we have no owners or shareholders. This means we’re free to run the scheme in the interests of our members.

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Order and rules

Nest’s order is the legal document that establishes the scheme and appoints Nest Corporation as the Trustee. This can only be amended by Parliament.

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Investment principles

The Statement of investment principles (SIP) sets out how Nest will invest members’ money.

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Freedom of Information Act

The Freedom of Information Act 2000 gives any person of any age or nationality, anywhere in the world, the right to access certain official information held by public authorities in the UK.

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Policy and procedures

We think it’s important to be clear about how we operate and what we do. We’ve set this out in documents like our corporate plans for the years ahead.

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Gifts and hospitality

Nest publishes a register of any gifts and hospitality received or given by Board Members or our executive team each quarter.

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Complaints

We’re committed to dealing with any concerns you may have about Nest in a timely manner.

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Do you need to get in touch?

COVID-19 has affected how we usually work. As we can’t be sure that our contact centres will continue to have access to posted mail, we ask that you send us a message or use web chat until the pandemic is over.