M&G Prudential announced a new agreement with Tata Consultancy Services (TCS), to digitally transform their business and deliver enhanced service for its UK savings and retirement customers. The value of this agreement exceeds £500 million ($690 million) over 10 years and covers the support of over 4 million customer policies. The administration of over 4 million life and pensions contracts will move from Prudential's incumbent business partner to TCS, having transferred more than 17 million policies to its digital platform, TCS BaNCS. About 1,100 roles from the incumbent supplier across a number of UK sites are expected to be transferred under the TUPE arrangements to TCS' FCA-regulated, UK subsidiary. A further 700 roles in India are also expected to move from the incumbent supplier to TCS. TCS will also assume responsibility for the operation of some of Prudential's internal IT infrastructure to enable the IT operations function to deliver greater flexibility in the provision of services to the businesses within the Prudential Group. This move will enable Prudential to focus efficiently on its digital transformation.