London (Uk), Paris (France), February 8, 2021
Nest has nowadays introduced that its foreseeable future scheme administrator will be international electronic transformation organization Atos.
The new provider, which will start off in 2023, will concentrate on making the most of innovations in know-how and details analytics to produce personalised and tailored expert services to each and every of its users.
Atos’s point out-of-the-artwork know-how and cloud web hosting platform will supply a scalable, agile and minimal-carbon resolution for all processing and administrative IT, which can adapt to foreseeable future prerequisites.
Awarded pursuing a competitive tender operate in line with General public Contracts Rules 2015 the new contract will previous for a bare minimum of ten a long time with an optional extension interval of up to 5 a long time and the option of an additional interval of up to 3 a long time for exit.
Otto Thoresen, Nest Corporation Chair, commented:
“Following a pretty competitive procurement I am pleased to confirm we have awarded the up coming contract for our scheme administration provider to Atos. Our purpose was to discover a provider that will assistance our ambitions to keep on to grow the scheme for an more and more electronic earth, strengthen our provider to buyers and harness innovations in know-how to additional raise effectiveness although reducing fees.
“We are self-assured the new contract will produce important advantages to our buyers even though permitting us to maintain fees minimal and making certain our provider proceeds to be robust and secure.
“We are now targeted on planning for a secure and secure transition of expert services in 2023 and making certain this procedure works easily for Nest’s buyers.”
Commenting on the announcement, Nest Main Government Helen Dean mentioned,
“I am searching forward to functioning with our new partner for the up coming chapter in Nest’s tale. Atos will aid us to keep on our results and will aid produce important advancements for our buyers in the coming a long time.
“While today’s announcement marks the up coming stage in Nest’s evolution, I am so happy of the place we’ve occur from. Above thirteen a long time, we have developed a electronic pension scheme from scratch which has turn into residence to thousands and thousands of savers and the provider of alternative for hundreds of 1000’s of employers.
“We’re searching forward to building on this potent basis to acquire Nest to the up coming amount, advancing our electronic scheme and continuing to supply a earth class provider, for functioning persons.”
Adrian Gregory, SEVP, World-wide Head of Economical Companies & Coverage, Atos, mentioned:
“We are especially happy to have been awarded this contract and share a widespread drive to construct a really electronic Nest that will produce from the altering landscape and be a cornerstone of Nest’s foreseeable future results. This partnership is a really inspiring prospect, and by blending persons, functions, processes and know-how to produce a provider with users at its heart, our international community of Atos electronic and business transformation experts will aid our near collaboration with Nest to produce the up coming chapter in its tale.”
Nest will now start off a phased plan to control the transition to the new contract and guarantee a secure and secure transfer of functions in 2023.
Notes to editors
Nest’s scheme administrator manages a variety of expert services like enrolling users, gathering contributions, taking care of accounts and accessing savings, employer participation, and passing resources to the fund administrator.
Nest began planning for the procurement of its new administration expert services in 2015 and introduced its community tender in May perhaps 2019. 6 bidders were being shortlisted from a field of twelve for competitive dialogue, primarily based on analysis of their financial strength, their previous practical experience in establishing and managing comparable expert services, and in taking care of massive scale transition and migrations. Shortlisted bidders were being assessed by means of open dialogue in line with the pursuing vital results variables that Nest identified:
— enhancing purchaser results: our vision is to aid thousands and thousands appreciate a much better retirement. Our new scheme administration expert services have to concentrate on how innovations in know-how and deep details analytics guarantee a cohesive method to constant improvement and excellence in purchaser provider. This is so we can aid all our buyers to make the suitable selections and generate much better results for their retirement,
— delivering expert services reliable with our values and abilities: Nest is underpinned by the values of transparency, simplicity, empowerment and respect. We want our foreseeable future expert services to develop in alignment with these and operate with a partner that understands “what helps make Nest, Nest” and can supply experience that complements the abilities that already sit in just our organisation,
— securing value for income for our buyers: we need to have to scope our expert services to match the demands of our buyers and produce value for income over the daily life of the expert services like exit. We have to operate a competitive and legally compliant procurement,
— enabling a fiscally sustainable Nest: we are finally funded by our users. Our new provider have to be delivered in an economical way which seeks to align our commercial passions, supports the very long-expression financial forecasts for the scheme and permits opportunities to preserve and develop sustainable earnings streams,
— taking care of our threats: the ongoing results of Nest have to have rely on at its core. Our buyers need to have to rely on that we can proficiently look following their details and property. It is very important that we can control a sleek transition into our new scheme administration provider and that the moment we are live, that provider is robust and secure.
Nest’s existing contract runs until 2023 to guarantee a sleek transition and constant provider for users.
Nest was set up by the authorities to guarantee every Uk employer could supply a office pension to their staff members. Since then, it is grown to turn into the biggest office pension scheme in the place by membership, with more than 9.7million users. 1 in 3 of the functioning population is predicted to have a Nest retirement pot by the late 2020s.
As a not-for-revenue pension scheme, Nest was set up to provide its customers’ passions and aims to aid thousands and thousands of persons appreciate a much better retirement. Nest’s users profit from an award-profitable expense system and one particular of the most diversified DC portfolios in the market. By the conclusion of the up coming decade Nest is predicted to have close to £100bn property under administration.
Atos is a international leader in electronic transformation with a hundred and ten,000 staff members and annual earnings of € 12 billion. European number one particular in cybersecurity, cloud and high functionality computing, the team offers tailored conclusion-to-conclusion methods for all industries in 73 nations around the world. A pioneer in decarbonization expert services and items, Atos is dedicated to a secure and decarbonized electronic for its customers. Atos operates under the brand names Atos and Atos|Syntel. Atos is a SE (Societas Europaea), mentioned on the CAC40 Paris stock index.
The objective of Atos is to aid design the foreseeable future of the information space. Its experience and expert services assistance the advancement of awareness, schooling and research in a multicultural method and add to the advancement of scientific and technological excellence. Across the earth, the team permits its buyers and staff members, and users of societies at massive to live, operate and develop sustainably, in a secure and secure information space.
Atos will leverage the strategic capacity and ability of its pensions and administration centre of excellence. The corporation delivers a international community of financial expert services digitalisation and business transformation gurus along with a loaded pool of practical experience as a final result of functioning with top financial establishments in the Uk and in other nations around the world.
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