TCS to set up service hub in Edinburgh in deal with Phoenix Group

Tata Consultancy Services (TCS) will set up a technology and operations service hub in Edinburgh as part of a deal with Phoenix Group, Europe’s largest life and pensions consolidator.

A number of employees from Phoenix Group’s Standard Life will be transferred to TCS over the next three years as part of the agreement.

Phoenix Group had acquired Standard Life Assurance Limited in 2018. Standard Life Assurance is a long-established expert in workplace pensions, personal pensions, long term savings and retirement solutions, and its customers and clients include individual savers and some of the largest employers in the UK, as well as professional advisers.