iifl-logo

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

sidebar image

TCS to administer teacher’s pension scheme in England and Wales; bags 10-year contract

5 Jun 2023 , 02:08 PM

Tata Consultancy Services Limited announced that the IT giant has been selected by the Department for Education (DfE) to manage and enhance customer experiences for the Teachers’ Pension Scheme in England and Wales.

The Teachers’ Pension Scheme, which boasts a membership of over 2 million individuals, stands as the second-largest pension scheme in the public sector in the UK. 

TCS has received a 10-year contract to manage scheme administration services through the use of a future-ready, omnichannel, digitally enabled platform powered by TCS BaNCS.

This will enable precise management of pension records, timely payment of benefits, efficient financial management of the scheme, proactive engagement with members, and convenient access to information.

TCS will provide a digital-first, self-service pension experience, giving scheme employers and members access to their account information at any time and through any channel, as well as personalized insights to aid them in better understanding their pension plan and empower them to make informed decisions.

TCS intends to bolster its already significant presence in the UK life and pensions industry as part of its partnership with the DfE by establishing a service hub in Darlington.

For feedback and suggestions, write to us at editorial@iifl.com

explored-media

Related Tags

  • TCS Contract
  • TCS news
  • TCS Stock
  • TCS updates
sidebar mobile

BLOGS AND PERSONAL FINANCE

Read More

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

Knowledge Center
Logo

Logo IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000

Logo IIFL Capital Services Support WhatsApp Number
+91 9892691696

Download The App Now

appapp
Loading...

Follow us on

facebooktwitterrssyoutubeinstagramlinkedintelegram

2025, IIFL Capital Services Ltd. All Rights Reserved

ATTENTION INVESTORS

RISK DISCLOSURE ON DERIVATIVES

Copyright © IIFL Capital Services Limited (Formerly known as IIFL Securities Ltd). All rights Reserved.

IIFL Securities Limited - Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
ARN NO : 47791 (AMFI Registered Mutual Fund Distributor)

ISO certification icon
We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.