London (British isles), Paris (France), February 8, 2021
Nest has these days introduced that its upcoming plan administrator will be global digital transformation business Atos.
The new services, which will get started in 2023, will focus on earning the most of improvements in technology and information analytics to produce personalized and tailored companies to every of its users.
Atos’s point out-of-the-artwork technology and cloud web hosting platform will give a scalable, agile and small-carbon option for all processing and administrative IT, which can adapt to upcoming prerequisites.
Awarded subsequent a aggressive tender operate in line with Public Contracts Laws 2015 the new agreement will very last for a bare minimum of ten decades with an optional extension interval of up to five decades and the option of an more interval of up to three decades for exit.
Otto Thoresen, Nest Company Chair, commented:
“Following a very aggressive procurement I am happy to verify we have awarded the upcoming agreement for our plan administration services to Atos. Our aim was to come across a provider that will help our ambitions to keep on to expand the plan for an significantly digital earth, make improvements to our services to consumers and harness improvements in technology to further more boost effectiveness whilst minimizing charges.
“We are assured the new agreement will produce substantial advantages to our consumers whilst enabling us to continue to keep charges small and guaranteeing our services proceeds to be strong and secure.
“We are now targeted on preparing for a secure and secure transition of companies in 2023 and guaranteeing this course of action operates easily for Nest’s consumers.”
Commenting on the announcement, Nest Chief Executive Helen Dean claimed,
“I am on the lookout forward to working with our new companion for the upcoming chapter in Nest’s story. Atos will support us to keep on our success and will support produce substantial enhancements for our consumers in the coming decades.
“While today’s announcement marks the upcoming stage in Nest’s evolution, I am so happy of wherever we’ve come from. Over thirteen decades, we have constructed a digital pension plan from scratch which has turn into household to tens of millions of savers and the supplier of choice for hundreds of countless numbers of businesses.
“We’re on the lookout forward to making on this powerful foundation to consider Nest to the upcoming amount, advancing our digital plan and continuing to give a earth class services, for working people.”
Adrian Gregory, SEVP, World Head of Economical Products and services & Insurance, Atos, claimed:
“We are primarily happy to have been awarded this agreement and share a prevalent motivation to construct a certainly digital Nest that will produce against the changing landscape and be a cornerstone of Nest’s upcoming success. This partnership is a certainly inspiring prospect, and by blending people, operations, processes and technology to produce a services with users at its coronary heart, our global community of Atos digital and business transformation experts will support our close collaboration with Nest to produce the upcoming chapter in its story.”
Nest will now get started a phased application to regulate the transition to the new agreement and be certain a secure and secure transfer of operations in 2023.
Notes to editors
Nest’s plan administrator manages a assortment of companies together with enrolling users, gathering contributions, managing accounts and accessing price savings, employer participation, and passing money to the fund administrator.
Nest began planning for the procurement of its new administration companies in 2015 and launched its general public tender in Could 2019. Six bidders had been shortlisted from a field of twelve for aggressive dialogue, based mostly on evaluation of their monetary power, their preceding expertise in developing and functioning related companies, and in managing substantial scale transition and migrations. Shortlisted bidders had been assessed by means of open up dialogue in line with the subsequent important success components that Nest identified:
— bettering consumer results: our vision is to support tens of millions get pleasure from a far better retirement. Our new plan administration companies will have to focus on how improvements in technology and deep information analytics be certain a cohesive approach to ongoing improvement and excellence in consumer services. This is so we can support all our consumers to make the suitable choices and drive far better results for their retirement,
— delivering companies consistent with our values and abilities: Nest is underpinned by the values of transparency, relieve, empowerment and regard. We want our upcoming companies to develop in alignment with these and get the job done with a companion that understands “what would make Nest, Nest” and can give experience that enhances the abilities that currently sit in just our organisation,
— securing price for money for our consumers: we require to scope our companies to fit the requires of our consumers and produce price for money more than the lifetime of the companies together with exit. We will have to operate a aggressive and legally compliant procurement,
— enabling a monetarily sustainable Nest: we are in the end funded by our users. Our new services will have to be shipped in an productive way which seeks to align our professional passions, supports the extensive-phrase monetary forecasts for the plan and permits prospects to manage and grow sustainable income streams,
— managing our threats: the continued success of Nest will have to have believe in at its core. Our consumers require to believe in that we can effectively search following their information and assets. It is essential that we can regulate a smooth transition into our new plan administration services and that after we are reside, that services is strong and secure.
Nest’s present-day agreement runs until 2023 to be certain a smooth transition and ongoing services for users.
Nest was established up by the government to be certain just about every British isles employer could give a workplace pension to their workforce. Considering the fact that then, it is grown to turn into the most significant workplace pension plan in the nation by membership, with additional than nine.7million users. 1 in three of the working populace is expected to have a Nest retirement pot by the late 2020s.
As a not-for-income pension plan, Nest was established up to provide its customers’ passions and aims to support tens of millions of people get pleasure from a far better retirement. Nest’s users gain from an award-successful investment decision strategy and one of the most diversified DC portfolios in the business. By the stop of the upcoming decade Nest is expected to have all over £100bn assets beneath management.
Atos is a global chief in digital transformation with one hundred ten,000 workforce and annual income of € 12 billion. European number one in cybersecurity, cloud and superior effectiveness computing, the team gives tailored stop-to-stop answers for all industries in 73 nations around the world. A pioneer in decarbonization companies and items, Atos is fully commited to a secure and decarbonized digital for its customers. Atos operates beneath the manufacturers Atos and Atos|Syntel. Atos is a SE (Societas Europaea), outlined on the CAC40 Paris stock index.
The purpose of Atos is to support structure the upcoming of the info place. Its experience and companies help the enhancement of expertise, education and learning and exploration in a multicultural approach and contribute to the enhancement of scientific and technological excellence. Throughout the earth, the team permits its consumers and workforce, and users of societies at substantial to reside, get the job done and develop sustainably, in a secure and secure info place.
Atos will leverage the strategic capacity and potential of its pensions and administration centre of excellence. The corporation delivers a global community of monetary companies digitalisation and business transformation experts alongside a abundant pool of expertise as a result of working with foremost monetary institutions in the British isles and in other nations around the world.
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