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

London (United kingdom), Paris (France), February 8, 2021

Nest has nowadays declared that its upcoming plan administrator will be world wide digital transformation firm Atos.

The new assistance, which will start off in 2023, will concentration on creating the most of advances in technology and info analytics to deliver personalised and tailor-made expert services to just about every of its customers.

Atos’s condition-of-the-art technology and cloud web hosting system will give a scalable, agile and low-carbon answer for all processing and administrative IT, which can adapt to upcoming requirements.

Awarded pursuing a aggressive tender run in line with Public Contracts Rules 2015 the new deal will last for a bare minimum of ten a long time with an optional extension time period of up to five a long time and the solution of an further time period of up to 3 a long time for exit.

Otto Thoresen, Nest Corporation Chair, commented:

“Following a very aggressive procurement I am delighted to confirm we have awarded the next deal for our plan administration assistance to Atos. Our purpose was to obtain a provider that will support our ambitions to continue on to expand the plan for an more and more digital earth, strengthen our assistance to shoppers and harness advances in technology to further maximize efficiency when cutting down fees.

“We are confident the new deal will deliver significant added benefits to our shoppers even though making it possible for us to preserve fees low and guaranteeing our assistance proceeds to be sturdy and protected.

“We are now targeted on making ready for a protected and steady changeover of expert services in 2023 and guaranteeing this process operates easily for Nest’s shoppers.”

Commenting on the announcement, Nest Main Government Helen Dean claimed,

“I am on the lookout ahead to doing the job with our new partner for the next chapter in Nest’s story. Atos will support us to continue on our results and will support deliver significant advancements for our shoppers in the coming a long time.

“While today’s announcement marks the next phase in Nest’s evolution, I am so very pleased of wherever we have arrive from. Above thirteen a long time, we have created a digital pension plan from scratch which has grow to be dwelling to tens of millions of savers and the supplier of choice for hundreds of countless numbers of businesses.

“We’re on the lookout ahead to developing on this potent foundation to choose Nest to the next amount, advancing our digital plan and continuing to give a earth course assistance, for doing the job persons.”

Adrian Gregory, SEVP, International Head of Money Companies & Insurance, Atos, claimed:

“We are particularly very pleased to have been awarded this deal and share a typical desire to establish a genuinely digital Nest that will deliver against the altering landscape and be a cornerstone of Nest’s upcoming results. This partnership is a genuinely inspiring prospect, and by mixing persons, operations, processes and technology to deliver a assistance with customers at its coronary heart, our world wide network of Atos digital and enterprise transformation professionals will help our close collaboration with Nest to deliver the next chapter in its story.”

Nest will now start off a phased plan to take care of the changeover to the new deal and guarantee a steady and protected transfer of operations in 2023.

***

Notes to editors

Nest’s plan administrator manages a selection of expert services including enrolling customers, collecting contributions, running accounts and accessing cost savings, employer participation, and passing money to the fund administrator.

Nest commenced preparing for the procurement of its new administration expert services in 2015 and released its general public tender in Could 2019. 6 bidders had been shortlisted from a subject of twelve for aggressive dialogue, primarily based on evaluation of their financial strength, their past knowledge in creating and functioning very similar expert services, and in running substantial scale changeover and migrations. Shortlisted bidders had been assessed via open up dialogue in line with the pursuing important results things that Nest discovered:

— increasing shopper outcomes: our vision is to support tens of millions love a greater retirement. Our new plan administration expert services should concentration on how advances in technology and deep info analytics guarantee a cohesive strategy to steady enhancement and excellence in shopper assistance. This is so we can support all our shoppers to make the ideal options and generate greater outcomes for their retirement,

— offering expert services constant with our values and capabilities: Nest is underpinned by the values of transparency, relieve, empowerment and regard. We want our upcoming expert services to establish in alignment with these and function with a partner that understands “what makes Nest, Nest” and can give abilities that enhances the capabilities that now sit within just our organisation,

— securing value for income for our shoppers: we require to scope our expert services to in shape the demands of our shoppers and deliver value for income more than the everyday living of the expert services including exit. We should run a aggressive and lawfully compliant procurement,

— enabling a monetarily sustainable Nest: we are in the long run funded by our customers. Our new assistance should be shipped in an successful way which seeks to align our professional passions, supports the extended-time period financial forecasts for the plan and enables alternatives to sustain and develop sustainable revenue streams,

— running our dangers: the ongoing results of Nest should have have faith in at its core. Our shoppers require to have faith in that we can efficiently glimpse just after their info and belongings. It is critical that we can take care of a smooth changeover into our new plan administration assistance and that as soon as we are stay, that assistance is sturdy and protected.

Nest’s existing deal operates right until 2023 to guarantee a smooth changeover and steady assistance for customers.

About Nest

Nest was establishe
d up by the govt to guarantee each United kingdom employer could offer you a place of work pension to their staff members. Since then, it is developed to grow to be the most significant place of work pension plan in the country by membership, with additional than nine.7million customers. 1 in 3 of the doing the job 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 provide its customers’ passions and aims to support tens of millions of persons love a greater retirement. Nest’s customers advantage from an award-profitable expense technique and a person of the most diversified DC portfolios in the field. By the conclude of the next decade Nest is anticipated to have around £100bn belongings under administration.

About Atos

Atos is a world wide chief in digital transformation with 110,000 staff members and once-a-year revenue of € 12 billion. European variety a person in cybersecurity, cloud and substantial effectiveness computing, the team gives tailor-made conclude-to-conclude answers for all industries in seventy three nations. A pioneer in decarbonization expert services and merchandise, Atos is dedicated to a protected and decarbonized digital for its shoppers. Atos operates under the manufacturers Atos and Atos|Syntel. Atos is a SE (Societas Europaea), stated on the CAC40 Paris stock index.

The objective of Atos is to support style and design the upcoming of the facts house. Its abilities and expert services support the enhancement of information, education and learning and investigation in a multicultural strategy and lead to the enhancement of scientific and technological excellence. Across the earth, the team enables its shoppers and staff members, and customers of societies at substantial to stay, function and establish sustainably, in a risk-free and protected facts house.

Atos will leverage the strategic capability and capability of its pensions and administration centre of excellence. The company delivers a world wide network of financial expert services digitalisation and enterprise transformation gurus alongside a prosperous pool of knowledge as a final result of doing the job with leading financial establishments in the United kingdom and in other nations.

Push Speak to:

Adam Fisher | [email protected] | +44 7989 145665