Scope
Reference
TEN-2526-019 (PA23)
Description
At Nest, we take our responsibilities as an asset owner seriously. Appointing the right people to invest and manage our members' money is important. As clients, we work closely with our fund managers to help us support good corporate behaviour.
As investors in globally diversified equity funds, we hold and own thousands of shares on our members' behalf. We entrust our fund managers to vote these shares thoughtfully and largely in accordance with their own documented policies. We expect them to be mindful of clients' beliefs and expectations. Having our own policy enables Nest to document our position and expectations to our fund managers on good corporate behaviour and hold them to account on the decisions they make.
It is important that we fulfil our trustee obligations and responsibilities as signatories to the Financial Reporting Council (FRC) stewardship code by monitoring and challenging our fund managers as they discharge their stewardship on our members' behalf.
We require support to hold our fund managers to account on the voting decisions they take. Each year we focus our efforts on a subset of shares
Contract 1
Supplier
Contract value
- £232,875 excluding VAT
- £279,250 including VAT
Above the relevant threshold
Date signed
17 January 2026
Contract dates
- 29 January 2026 to 28 January 2029
- Possible extension to 28 January 2031
- 5 years
Description of possible extension:
One or more further periods of 1 year up to a maximum of 2 years at Nest's discretion
Main procurement category
Services
CPV classifications
- 66171000 - Financial consultancy services
Contract locations
- UKI - London
Justification for not setting key performance indicators
contract under £5M
Submission
Submission type
Tenders
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Competitive flexible procedure
Supplier
MINERVA ANALYTICS LIMITED
- Companies House: 11260966
- Public Procurement Organisation Number: PXCC-1961-QVRD
9 Freebournes Court
Witham
CM8 2BL
United Kingdom
Email: info@minerva.info
Website: https://www.manifest.co.uk/
Region: UKH34 - Essex Haven Gateway
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1
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