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Procurement

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More information

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.

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 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

Provision Provider Expiry date
Scheme administration services     Tata Consultancy Services 30 June 2023
IT managed service Advance 365 Limited 30 November 2021

Recruitment and fixed-term framework agreement - permanent and fixed-term interim services

Various providers 1 March 2021
Travel services Good Travel Management 31 March 2021
Learning and development training services QA Limited 31 March 2021
Legal services Eversheds LLP
SGH Martineau LLP
Travers Smith LLP
29 September 2021
Scheme administration services: escrow agreement NCC Group - TCS 31 March 2021
Statutory audit provision for Nest scheme accounts KPMG 14 June 2021
AAF02/07 control assessment KPMG 14 June 2021
Managed domain services Com Laude 31 March 2023
Media monitoring and analysis services Signal Media Ltd 7 April 2023
Internal audit Ernst & Young LLP 13 May 2021
Taxation services Deloitte LLP 19 November 2023

Last updated: 12/20