TCS on Monday, announced that it has been awarded a 10-year mandate from England's Department for Education (DfE) to administer and improve the customer experience for the Teacher's Pension Scheme in England and Wales.
The Teachers' Pension Scheme is the second-largest public sector pension scheme in the United Kingdom with over 2 million members.
Tata Consultancy Services has been awarded a contract to manage the scheme administration services using TCS BaNCS.
As a part of the partnership, TCS will expand its already significant presence in the UK life and pensions sector by establishing a service hub in Darlington.
"We are delighted to partner with the Department for Education to transform the administration of the Teachers' Pension Scheme and deliver the best-administered UK public sector pension scheme. The results will be highly agile and responsive to the needs of its members and employers," said Vivekanand Ramgopal, President of BFSI Products and Platforms at TCS.
TCS BFSI Products and Plarforms 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 assists companies to manage enterprise simplification, delivering superior, omnichannel client experience and achieving digital transformation.
