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

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

Nest has right now declared that its long term plan administrator will be worldwide electronic transformation business Atos.

The new assistance, which will get started in 2023, will aim on making the most of improvements in know-how and details analytics to deliver personalized and tailor-made providers to every single of its members.

Atos’s point out-of-the-art know-how and cloud internet hosting system will present a scalable, agile and very low-carbon remedy for all processing and administrative IT, which can adapt to long term requirements.

Awarded following a competitive tender operate in line with Public Contracts Laws 2015 the new contract will very last for a minimum of ten decades with an optional extension period of up to 5 decades and the selection of an further period of up to 3 decades for exit.

Otto Thoresen, Nest Corporation Chair, commented:

“Following a really competitive procurement I am pleased to validate we have awarded the future contract for our plan administration assistance to Atos. Our purpose was to come across a provider that will assistance our ambitions to go on to increase the plan for an progressively electronic globe, increase our assistance to prospects and harness improvements in know-how to even more enhance effectiveness while decreasing charges.

“We are assured the new contract will deliver considerable advantages to our prospects whilst enabling us to keep charges very low and making certain our assistance proceeds to be robust and safe.

“We are now focused on getting ready for a safe and secure changeover of providers in 2023 and making certain this course of action performs effortlessly for Nest’s prospects.”

Commenting on the announcement, Nest Chief Govt Helen Dean claimed,

“I am wanting forward to doing the job with our new associate for the future chapter in Nest’s story. Atos will aid us to go on our good results and will aid deliver considerable advancements for our prospects in the coming decades.

“While today’s announcement marks the future stage in Nest’s evolution, I am so very pleased of the place we’ve appear from. Above thirteen decades, we have created a electronic pension plan from scratch which has turn into house to millions of savers and the service provider of decision for hundreds of 1000’s of companies.

“We’re wanting forward to developing on this potent foundation to consider Nest to the future degree, advancing our electronic plan and continuing to present a globe course assistance, for doing the job people.”

Adrian Gregory, SEVP, International Head of Economical Providers & Insurance, Atos, claimed:

“We are primarily very pleased to have been awarded this contract and share a prevalent wish to develop a truly electronic Nest that will deliver versus the transforming landscape and be a cornerstone of Nest’s long term good results. This partnership is a truly inspiring prospect, and by blending people, operations, processes and know-how to deliver a assistance with members at its coronary heart, our worldwide network of Atos electronic and business enterprise transformation professionals will aid our near collaboration with Nest to deliver the future chapter in its story.”

Nest will now get started a phased program to handle the changeover to the new contract and be certain a secure and safe transfer of operations in 2023.

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Notes to editors

Nest’s plan administrator manages a range of providers like enrolling members, gathering contributions, managing accounts and accessing savings, employer participation, and passing cash to the fund administrator.

Nest started scheduling for the procurement of its new administration providers in 2015 and launched its public tender in Might 2019. 6 bidders have been shortlisted from a field of twelve for competitive dialogue, centered on evaluation of their economical toughness, their prior working experience in creating and operating identical providers, and in managing massive scale changeover and migrations. Shortlisted bidders have been assessed via open dialogue in line with the following critical good results things that Nest identified:

— bettering consumer outcomes: our vision is to aid millions appreciate a greater retirement. Our new plan administration providers must aim on how improvements in know-how and deep details analytics be certain a cohesive method to continual improvement and excellence in consumer assistance. This is so we can aid all our prospects to make the proper alternatives and push greater outcomes for their retirement,

— providing providers constant with our values and abilities: Nest is underpinned by the values of transparency, simplicity, empowerment and regard. We want our long term providers to acquire in alignment with these and get the job done with a associate that understands “what would make Nest, Nest” and can present knowledge that enhances the abilities that by now sit inside our organisation,

— securing value for money for our prospects: we want to scope our providers to suit the requirements of our prospects and deliver value for money over the lifetime of the providers like exit. We must operate a competitive and lawfully compliant procurement,

— enabling a fiscally sustainable Nest: we are ultimately funded by our members. Our new assistance must be delivered in an effective way which seeks to align our business passions, supports the prolonged-expression economical forecasts for the plan and permits prospects to sustain and expand sustainable profits streams,

— managing our hazards: the continued good results of Nest must have believe in at its core. Our prospects want to believe in that we can efficiently seem just after their details and property. It is vital that we can handle a easy changeover into our new plan administration assistance and that after we are stay, that assistance is robust and safe.

Nest’s current contract operates right until 2023 to be certain a easy changeover and continual assistance for members.

About Nest

Nest was established up by the governing administration to be certain each and every Uk employer could provide a place of work pension to their personnel. Since then, it’s grown to turn into the most significant place of work pension plan in the state by membership, with extra than 9.7million members. One particular in 3 of the doing the job population is expected 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’ passions and aims to aid millions of people appreciate a greater retirement. Nest’s members reward from an award-profitable expenditure system and one particular of the most diversified DC portfolios in the business. By the stop of the future decade Nest is expected to have all over £100bn property below management.

About Atos

Atos is a worldwide leader in electronic transformation with 110,000 personnel and yearly profits of € twelve billion. European quantity one particular in cybersecurity, cloud and superior general performance computing, the team supplies tailor-made stop-to-stop methods for all industries in seventy three nations. A pioneer in decarbonization providers and merchandise, Atos is dedicated to a safe and decarbonized electronic for its consumers. Atos operates below the brand names Atos and Atos|Syntel. Atos is a SE (Societas Europaea), shown on the CAC40 Paris stock index.

The reason of Atos is to aid style and design the long term of the info place. Its knowledge and providers assistance the advancement of know-how, education and learning and research in a multicultural method and contribute to the advancement of scientific and technological excellence. Throughout the globe, the team permits its prospects and personnel, and members of societies at massive to stay, get the job done and acquire sustainably, in a secure and safe info place.

Atos will leverage the strategic capability and ability of its pensions and administration centre of excellence. The enterprise brings a worldwide network of economical providers digitalisation and business enterprise transformation gurus together with a loaded pool of working experience as a consequence of doing the job with foremost economical institutions in the Uk and in other nations.

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