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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 in the spring and use Bravo 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 2010 for 10 years, with a possible extension of up to 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 BravoSolutions 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. Although NEST Corporation’s turnover is below the threshold, it publishes a statement in the interests of public transparency.

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 by requesting, where applicable, a copy of their published MSA statements and to notify NEST of any actual or suspected breaches of modern slavery that have occurred in 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 31st December 2019
Recruitment and fixed-term framework agreement - permanent and fixed-term interim services Various providers 27 March 2020
Travel services Good Travel 15 August 2019
Risk management system Barra International 7 March 2021
Learning and development training services QA Limited 31 March 2019
Legal services Eversheds LLP
SGH Martineau LLP
Travers Smith LLP
29 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 16 May 2019
Media monitoring and analysis services Precise media monitoring Limited 31 January 2019
Internal audit Ernst & Young LLP 31st May 2019
Taxation services Pricewaterhouse Coopers LLP 27 December 2019

Last updated 01/19