The Economic Times daily newspaper is available online now.

    TCS wins 10-year mandate for UK's second-largest pension scheme, to establish a new service hub

    Synopsis

    As part of the partnership with Department for Education, TCS plans to expand its already significant presence in the UK life and pensions industry by establishing a service hub in Darlington

    TCS UK dealETtech
    The Teachers’ Pension Scheme is the second-largest public sector pension scheme in the UK with over 2 million members
    Tata Consultancy Services (TCS) said on Monday that it has been awarded a 10-year mandate from England's Department for Education (DfE) to administer and enhance customer experiences for the Teachers’ Pension Scheme in England and Wales. Deal financials were not disclosed.

    The Teachers’ Pension Scheme is the second-largest public sector pension scheme in the UK with over 2 million members. TCS has been awarded a contract to manage the scheme administration services using TCS BaNCS. As part of the partnership with DfE, TCS plans to expand its already significant presence in the UK life and pensions industry by establishing a service hub in Darlington.

    Elevate Your Tech Prowess with High-Value Skill Courses

    Offering CollegeCourseWebsite
    IIT DelhiIITD Certificate Programme in Data Science & Machine LearningVisit
    MITMIT Technology Leadership and InnovationVisit
    Indian School of BusinessISB Professional Certificate in Product ManagementVisit
    “We are delighted to partner with the Department for Education to digitally transform the administration of the Teachers’ Pensions Scheme and deliver the best-administered UK public sector pensions scheme. The resulting service will be highly agile and responsive to the needs of its members and employers,” said Vivekanand Ramgopal, president, BFSI Products & Platforms, TCS.

    TCS BFSI Products and Platforms is an end-to-end digital ecosystem that powers the journeys of life, pensions/annuities, property/casualty and health insurance providers. This SaaS-first platform helps companies manage enterprise simplification, deliver superior, omnichannel customer experience and achieve digital transformation.
    The Economic Times

    Stories you might be interested in