Press Release

TCS named as the successful bidder for NEST scheme administration services by PADA, UK

PADA today confirmed that Tata Consultancy Services (TCS) has been named as the successful bidder for NEST scheme administration services. PADA intends to sign a contract with TCS later this month.

Excerpt from PADA press release:

PADA is pleased to confirm that Tata Consultancy Services (TCS) has been named as the successful bidder for NEST scheme administration services. PADA intends to sign a contract with TCS later this month.

The contract is divided into two stages and runs for 10 years, with possible extensions for up to a further five years. The first stage will run to October 2010, allowing TCS to begin the activity required to set up and administer NEST. Prior to the expiry of the first stage, a decision will be made on whether to proceed with the contract for the remainder of the contract term.

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