Scope
Reference
TEN -2526-011 LOT3
Description
Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS) with assets under management of £25 billion and above specific to the following areas:
Commercial tool
Establishes a framework
Lot 3. Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS
Description
Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS) with assets under management of £25 billion and above
Framework
Maximum percentage fee charged to suppliers
0%
Framework operation description
Each Lot has a single supplier . Work is awarded via call off Contracts. Pricing for Call offs will be based on rates bid as part of the competitive bid process
Award method when using the framework
Without competition
Contracting authorities that may use the framework
Establishing party only
Contract 3
Lots
Lot 3. Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS
Supplier
Contract value
- £10,000,000 excluding VAT
- £12,000,000 including VAT
Above the relevant threshold
Date signed
31 December 2025
Contract dates
- 31 December 2025 to 30 December 2029
- 4 years
Main procurement category
Services
CPV classifications
- 66171000 - Financial consultancy services
Contract locations
- UKI - London
Signed contract documents
REDACTED Complete_with_Docusign_011twtw1_005_agreed_1_Redacted v2_Redacted.pdf
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Open procedure
Supplier
TOWERS WATSON LIMITED
- Companies House: 05379716
- Public Procurement Organisation Number: PCQM-4544-RGMV
Watson House
Reigate
RH2 9PQ
United Kingdom
Region: UKJ26 - East Surrey
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 3
Contracting authority
National Employment Savings Trust (NEST) Corporation
- Public Procurement Organisation Number: PQGC-5667-VDDT
10 South Colonnade, Canary Wharf,
London
E14 4PU
United Kingdom
Region: UKI42 - Tower Hamlets
Organisation type: Public authority - central government