Nest appoints Atos to design and build digital future-focused scheme

London (Uk), Paris (France), February 8, 2021

Nest has these days declared that its potential scheme administrator will be global digital transformation business Atos.

The new service, which will commence in 2023, will emphasis on creating the most of innovations in technology and details analytics to produce personalized and tailor-made services to each of its members.

Atos’s point out-of-the-artwork technology and cloud internet hosting system will supply a scalable, agile and low-carbon resolution for all processing and administrative IT, which can adapt to potential prerequisites.

Awarded adhering to a aggressive tender operate in line with Public Contracts Polices 2015 the new deal will final for a minimum amount of ten years with an optional extension period of time of up to five years and the selection of an added period of time of up to a few years for exit.

Otto Thoresen, Nest Company Chair, commented:

“Following a pretty aggressive procurement I am happy to confirm we have awarded the future deal for our scheme administration service to Atos. Our intention was to obtain a provider that will aid our ambitions to keep on to expand the scheme for an significantly digital world, strengthen our service to prospects and harness innovations in technology to further improve effectiveness although reducing prices.

“We are self-confident the new deal will produce major added benefits to our prospects even though letting us to hold prices low and making sure our service carries on to be strong and safe.

“We are now concentrated on preparing for a safe and secure changeover of services in 2023 and making sure this system operates easily for Nest’s prospects.”

Commenting on the announcement, Nest Main Govt Helen Dean reported,

“I am searching ahead to doing work with our new associate for the future chapter in Nest’s tale. Atos will assistance us to keep on our results and will assistance produce major advancements for our prospects in the coming years.

“While today’s announcement marks the future stage in Nest’s evolution, I am so proud of in which we have arrive from. Over 13 years, we have designed a digital pension scheme from scratch which has become property to tens of millions of savers and the supplier of decision for hundreds of countless numbers of businesses.

“We’re searching ahead to setting up on this powerful foundation to just take Nest to the future level, advancing our digital scheme and continuing to supply a world course service, for doing work people today.”

Adrian Gregory, SEVP, International Head of Economical Products and services & Insurance policy, Atos, reported:

“We are in particular proud to have been awarded this deal and share a prevalent drive to construct a genuinely digital Nest that will produce from the transforming landscape and be a cornerstone of Nest’s potential results. This partnership is a genuinely inspiring prospect, and by blending people today, functions, processes and technology to produce a service with members at its heart, our global network of Atos digital and company transformation experts will help our near collaboration with Nest to produce the future chapter in its tale.”

Nest will now commence a phased software to regulate the changeover to the new deal and ensure a secure and safe transfer of functions in 2023.

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Notes to editors

Nest’s scheme administrator manages a array of services which includes enrolling members, collecting contributions, taking care of accounts and accessing personal savings, employer participation, and passing resources to the fund administrator.

Nest began preparing for the procurement of its new administration services in 2015 and introduced its public tender in May 2019. 6 bidders were shortlisted from a industry of twelve for aggressive dialogue, dependent on evaluation of their economic strength, their former expertise in developing and managing very similar services, and in taking care of massive scale changeover and migrations. Shortlisted bidders were assessed by means of open up dialogue in line with the adhering to crucial results variables that Nest identified:

— improving purchaser outcomes: our vision is to assistance tens of millions take pleasure in a better retirement. Our new scheme administration services need to emphasis on how innovations in technology and deep details analytics ensure a cohesive tactic to continuous improvement and excellence in purchaser service. This is so we can assistance all our prospects to make the right possibilities and travel better outcomes for their retirement,

— delivering services consistent with our values and abilities: Nest is underpinned by the values of transparency, relieve, empowerment and respect. We want our potential services to acquire in alignment with these and function with a associate that understands “what helps make Nest, Nest” and can supply knowledge that enhances the abilities that by now sit inside of our organisation,

— securing benefit for funds for our prospects: we have to have to scope our services to suit the desires of our prospects and produce benefit for funds about the lifetime of the services which includes exit. We need to operate a aggressive and lawfully compliant procurement,

— enabling a monetarily sustainable Nest: we are ultimately funded by our members. Our new service need to be sent in an productive way which seeks to align our commercial passions, supports the long-time period economic forecasts for the scheme and enables opportunities to keep and grow sustainable earnings streams,

— taking care of our hazards: the continued results of Nest need to have trust at its main. Our prospects have to have to trust that we can correctly look just after their details and assets. It is very important that we can regulate a easy changeover into our new scheme administration service and that the moment we are live, that service is strong and safe.

Nest’s present deal operates until finally 2023 to ensure a easy changeover and continuous service for members.

About Nest

Nest was set up by the govt to ensure every Uk employer could present a office pension to their workers. Because then, it’s developed to become the largest office p
ension scheme in the region by membership, with extra than 9.7million members. A single in a few of the doing work populace is envisioned to have a Nest retirement pot by the late 2020s.

As a not-for-earnings pension scheme, Nest was set up to serve its customers’ passions and aims to assistance tens of millions of people today take pleasure in a better retirement. Nest’s members reward from an award-profitable investment method and a person of the most diversified DC portfolios in the field. By the finish of the future ten years Nest is envisioned to have around £100bn assets under management.

About Atos

Atos is a global chief in digital transformation with one hundred ten,000 workers and annual earnings of € 12 billion. European quantity a person in cybersecurity, cloud and higher performance computing, the group provides tailor-made finish-to-finish alternatives for all industries in 73 nations around the world. A pioneer in decarbonization services and merchandise, Atos is dedicated to a safe and decarbonized digital for its customers. Atos operates under the manufacturers Atos and Atos|Syntel. Atos is a SE (Societas Europaea), detailed on the CAC40 Paris inventory index.

The intent of Atos is to assistance style and design the potential of the information and facts room. Its knowledge and services aid the development of expertise, education and research in a multicultural tactic and lead to the development of scientific and technological excellence. Across the world, the group enables its prospects and workers, and members of societies at massive to live, function and acquire sustainably, in a safe and sound and safe information and facts room.

Atos will leverage the strategic capacity and potential of its pensions and administration centre of excellence. The corporation brings a global network of economic services digitalisation and company transformation experts alongside a prosperous pool of expertise as a result of doing work with primary economic establishments in the Uk and in other nations around the world.

Press Get hold of:

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