London (Uk), Paris (France), February eight, 2021
Nest has these days announced that its long run plan administrator will be world wide electronic transformation company Atos.
The new services, which will start in 2023, will aim on creating the most of advancements in technological know-how and information analytics to supply individualized and personalized solutions to every of its associates.
Atos’s point out-of-the-artwork technological know-how and cloud hosting system will supply a scalable, agile and lower-carbon alternative for all processing and administrative IT, which can adapt to long run specifications.
Awarded subsequent a competitive tender operate in line with Public Contracts Polices 2015 the new contract will last for a bare minimum of 10 a long time with an optional extension interval of up to five a long time and the option of an added interval of up to three a long time for exit.
Otto Thoresen, Nest Company Chair, commented:
“Following a pretty competitive procurement I am delighted to ensure we have awarded the following contract for our plan administration services to Atos. Our aim was to come across a provider that will support our ambitions to continue on to increase the plan for an increasingly electronic globe, improve our services to shoppers and harness advancements in technological know-how to additional improve performance while minimizing costs.
“We are self-confident the new contract will supply important gains to our shoppers whilst enabling us to hold costs lower and guaranteeing our services carries on to be robust and safe.
“We are now targeted on getting ready for a safe and secure changeover of solutions in 2023 and guaranteeing this procedure operates smoothly for Nest’s shoppers.”
Commenting on the announcement, Nest Chief Government Helen Dean mentioned,
“I am looking forward to doing work with our new partner for the following chapter in Nest’s story. Atos will support us to continue on our results and will support supply important enhancements for our shoppers in the coming a long time.
“While today’s announcement marks the following stage in Nest’s evolution, I am so happy of the place we have appear from. Around 13 a long time, we have developed a electronic pension plan from scratch which has turn out to be household to tens of millions of savers and the service provider of alternative for hundreds of 1000’s of employers.
“We’re looking forward to setting up on this powerful foundation to take Nest to the following degree, advancing our electronic plan and continuing to supply a globe class services, for doing work individuals.”
Adrian Gregory, SEVP, World Head of Money Companies & Insurance, Atos, mentioned:
“We are specifically happy to have been awarded this contract and share a widespread desire to establish a really electronic Nest that will supply in opposition to the altering landscape and be a cornerstone of Nest’s long run results. This partnership is a really inspiring prospect, and by blending individuals, operations, processes and technological know-how to supply a services with associates at its coronary heart, our world wide network of Atos electronic and enterprise transformation professionals will help our near collaboration with Nest to supply the following chapter in its story.”
Nest will now start a phased program to control the changeover to the new contract and be certain a secure and safe transfer of operations in 2023.
Notes to editors
Nest’s plan administrator manages a selection of solutions which includes enrolling associates, gathering contributions, managing accounts and accessing financial savings, employer participation, and passing funds to the fund administrator.
Nest commenced organizing for the procurement of its new administration solutions in 2015 and released its public tender in May 2019. 6 bidders were shortlisted from a subject of twelve for competitive dialogue, based on analysis of their economical power, their previous practical experience in establishing and operating comparable solutions, and in managing big scale changeover and migrations. Shortlisted bidders were assessed via open dialogue in line with the subsequent vital results aspects that Nest determined:
— enhancing consumer results: our vision is to support tens of millions appreciate a much better retirement. Our new plan administration solutions ought to aim on how advancements in technological know-how and deep information analytics be certain a cohesive method to steady improvement and excellence in consumer services. This is so we can support all our shoppers to make the ideal options and generate much better results for their retirement,
— delivering solutions consistent with our values and capabilities: Nest is underpinned by the values of transparency, ease, empowerment and regard. We want our long run solutions to acquire in alignment with these and do the job with a partner that understands “what helps make Nest, Nest” and can supply experience that enhances the capabilities that now sit in just our organisation,
— securing benefit for money for our shoppers: we want to scope our solutions to fit the demands of our shoppers and supply benefit for money in excess of the life of the solutions which includes exit. We ought to operate a competitive and lawfully compliant procurement,
— enabling a economically sustainable Nest: we are finally funded by our associates. Our new services ought to be delivered in an economical way which seeks to align our industrial pursuits, supports the long-phrase economical forecasts for the plan and permits chances to keep and increase sustainable income streams,
— managing our threats: the continued results of Nest ought to have belief at its core. Our shoppers want to belief that we can effectively appear following their information and assets. It is crucial that we can control a clean changeover into our new plan administration services and that as soon as we are stay, that services is robust and safe.
Nest’s current contract runs until finally 2023 to be certain a clean changeover and steady services for associates.
Nest was established up by the federal government to be certain just about every Uk employer could present a place of work pension to their workers. Considering that then, it is grown to turn out to be the most significant place of work pension plan in the place by membership, with a lot more than nine.7million associates. One in three of the doing work population is anticipated to have a Nest retirement pot by the late 2020s.
As a not-for-gain pension plan, Nest was established up to serve its customers’ pursuits and aims to support tens of millions of individuals appreciate a much better retirement. Nest’s associates reward from an award-winning investment decision strategy and one of the most diversified DC portfolios in the marketplace. By the close of the following decade Nest is anticipated to have all over £100bn assets underneath management.
Atos is a world wide chief in electronic transformation with 110,000 workers and once-a-year income of € twelve billion. European range one in cybersecurity, cloud and substantial general performance computing, the team supplies personalized close-to-close answers for all industries in seventy three nations around the world. A pioneer in decarbonization solutions and items, Atos is fully commited to a safe and decarbonized electronic for its purchasers. Atos operates underneath the brands Atos and Atos|Syntel. Atos is a SE (Societas Europaea), mentioned on the CAC40 Paris inventory index.
The goal of Atos is to support structure the long run of the data area. Its experience and solutions support the development of information, instruction and study in a multicultural method and contribute to the development of scientific and technological excellence. Across the globe, the team permits its shoppers and workers, and associates of societies at big to stay, do the job and acquire sustainably, in a safe and safe data area.
Atos will leverage the strategic functionality and capacity of its pensions and administration centre of excellence. The corporation provides a world wide network of economical solutions digitalisation and enterprise transformation professionals alongside a wealthy pool of practical experience as a outcome of doing work with top economical establishments in the Uk and in other nations around the world.
Adam Fisher | [email protected] | +44 7989 145665