TCS named as NEST administrator

TCS became the only bidder left in the race after Great-West Retirement Services (Europe) withdrew from the competitive dialogue process in December last year. It came just weeks after Logica UK pulled out of the running for the personal accounts administration contract.  Danish pension fund and administration provider ATP Group also decided to withdraw in October last year. At the time of GWRS's withdrawal Liberal Democrat pensions spokesman Steve Webb said the TCS "had the government over a barrel" and questioned whether the contract would provide value for money. The Personal Ac...