TCS signs 15-year deal with Dept of Social Protection

Service will manage retirement savings of estimated 800,000 workers

Trade

Minister for Social Protection Heather Humphries with Deepak Chaudhari, TCS

Tata Consultancy Services (TCS) has secured a 15-year contract with the Department of Social Protection (DSP) to implement and support the new auto enrolment pension savings scheme, covering an estimated 800,000 workers.

TCS will oversee the administration of the scheme, enabling seamless enrolment, record management, and benefit disbursement. Services will be delivered through TCS’ Global Delivery Centre in Letterkenny, Co. Donegal. This project follows the passing of the Automatic Enrolment Retirement Savings System Bill in Ireland earlier this year and the conclusion of a tender process by the Dept of Social Protection.

TCS has experience with similar schemes in the UK and other markets, having managed the National Employment Savings Trust (NEST) since the UK government launched a digital auto-enrolment scheme in 2011. It created a digital design for NEST, implementing a user-friendly, self-serve model that supports over 13 million workers saving for retirement.

Vivekanand Ramgopal, President, BFSI Products & Platforms, TCS, said: “TCS has expertise and experience in delivering critical transformation projects in the UK and Ireland. We will leverage this experience and our knowledge of the market to make the pension system more accessible, transparent and efficient for workers in Ireland.”

The My Future Fund pension scheme will enable thousands of workers to save and invest for their future. The system will benefit everyone involved, from employers and operational staff to pensioners, by improving pension record management, timely payments, effective scheme finance management, and providing easy digital access to information.

Deepak Chaudhari, country head of TCS Ireland, said: “This partnership is a fantastic opportunity for TCS Ireland to apply its deep contextual knowledge, innovation and to contribute to a project of national importance that will have a lasting impact. It is an exciting time for our talented team, as this initiative not only expands our capabilities but also job opportunities and skills development to Donegal; further strengthening our commitment to the region and to driving meaningful change in the pensions landscape.”

TCS established operations in the UK & Ireland nearly 50 years ago and works with 200 of the region’s best-known and most-loved businesses, including Aer Lingus, AIB life, Aviva, Bank of Ireland, ESB, British Airways, Primark, Sainsbury’s, Nationwide, M&S, Asda and Boots.

TechCentral Reporters

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