18 May, 2016
TCS help 100,000 employees sign up for pensions
Leading Indian tech-giant Tata Consultancy Services, announced that one of its UK clients, the National Employment Savings Trust, has signed up more than 100,000 employers to its auto-enrolment pension scheme.
Established in 2010 as part of the government's workplace pension reforms, NEST requires all UK employers to enrol their eligible workforce into a qualifying workplace pension scheme.
The roll-out of the auto enrolment began in October 2012 and since then more than three million members have been enrolled with NEST. NEST depends on its IT solutions partner and scheme administrator, TCS, for delivering outcome-based, end-to-end administration services across all aspects of the scheme.
NEST CEO, Helen Dean said: "From a standing start in October 2012, NEST now has 100,000 employers signed up to the scheme and more than three million members.”
"It is vital that our IT infrastructure and digital services are able to flex and scale to meet demand as auto enrolment continues to roll-out."
Praising the partnership with TCS, India's largest IT services provider, the NEST CEO said: "Our partnership with TCS has been invaluable, allowing us to innovate, handle high growth and helping us bring pension saving to millions of UK workers."
Shankar Narayanan, Country Head, UK & Ireland, TCS said: "As a pension scheme conceived and built in the digital era, NEST is a fantastic example of what is possible when you put digital technology and advanced IT infrastructures at the heart of your organisation.”
The IT platforms that underpins NEST's operations including front and back-office, IT infrastructure hosting and overarching management and governance of the scheme administration, were all set up by TCS.
The rapid growth in employer numbers is testament to a strong working partnership between TCS and NEST, the company said in a statement.
Employing more than 11,000 people in the UK, TCS is one of the country's leading digital employers.
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