Logica UK withdrew from the competitive dialogue process for the contract to administer personal accounts in November.
Logica was bidding as a consortium which included International Financial Data Services and DST Systems.
In October, Money Marketing revealed that Danish admin provider Arbejdsmarkedet Tillaegspension or ATP had withdrawn from the running for
the contract to administer the scheme.
The Personal Accounts Delivery Authority said the firm decided that providing services for the scheme did not “fit with its commercial model”.
Only Tata Consultancy Services remains. A winning bidder was expected to be selected by next summer.
Pada Chief Executive Tim Jones (pictured) says: “We wish to thank GWRS for their engagement with us. We enjoyed working with them and have benefited greatly from their input throughout the dialogue process.
“We will continue our detailed discussions with Tata Consultancy Services Ltd (TCS). They are an exceptionally strong bidder and we are making excellent progress but we need to conclude the procurement process appropriately and evaluate their proposals.
“Our priority is to get value for money for personal accounts scheme members and deliver them a solution that will meet our requirements – we are very confident we can do that.
“We will provide further updates on the next steps as soon as we can.”
Hargreaves Lansdown head of pensions research Tom McPhail says: “The crucial test is whether the eventual contract ensures that members pay a competitive price in terms of pension charges and that the administration works efficiently. Provided these outcomes are achieved then the bidding process will have been a success.”