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Decumulation expertise, scheme and product design\na) DC decumulation pensions market capability, expertise in UK market for DC pension provision, specifically in decumulation, and the latest policy, regulatory and industry developments.\nb) Capability in UK decumulation pension scheme design that enables the pooling of longevity and other risks, in a money purchase or other legislative/regulatory context.\nc) Decumulation product design - capability in all stages of decumulation product design, from user research, to translating member needs into design principles, detailed product design, and implementation.\nLot 2 - Bulk Insurance and Risk Transfer\na. Actuarial expertise and advisory services on longevity risk transfer mechanisms for defined contribution schemes, including buy-ins, buy-outs, and longevity swaps - encompassing pricing analysis, structuring, transaction execution, investment considerations, and ongoing governance and administration.\nb. Experience of developing approaches to longevity risk transfer for defined contribution schemes.", "status": "complete", "procurementMethod": "open", "procurementMethodDetails": "Open procedure", "coveredBy": [ "GPA" ], "lots": [ { "id": "2", "status": "complete", "description": null } ], "documents": [ { "id": "conflictOfInterest", "documentType": "conflictOfInterest", "description": "Not published" } ] }, "awards": [ { "id": "2", "status": "active", "mainProcurementCategory": "services", "suppliers": [ { "id": "GB-COH-OC310282", "name": "HYMANS ROBERTSON LLP" } ], "items": [ { "id": "2", "additionalClassifications": [ { "scheme": "CPV", "id": "66120000", "description": "Investment banking services and related services" }, { "scheme": "CPV", "id": "66523000", "description": "Pension fund consultancy services" } ], "deliveryAddresses": [ { "region": "UK", "country": "GB", "countryName": "United Kingdom" } ], "relatedLot": "2" } ], "relatedLots": [ "2" ] } ], "contracts": [ { "id": "2", "awardID": "2", "status": "active", "period": { "startDate": "2026-06-29T00:00:00+01:00", "endDate": "2030-03-31T23:59:59+01:00" }, "value": { "amountGross": 3600000, "amount": 3000000, "currency": "GBP" }, "aboveThreshold": true, "dateSigned": "2026-06-29T00:00:00+01:00", "documents": [ { "id": "A-18400", "documentType": "contractSigned", "url": "https://www.find-tender.service.gov.uk/Notice/Attachment/A-18400", "format": "application/pdf" }, { "id": "061043-2026", "documentType": "contractNotice", "noticeType": "UK7", "description": "Contract details notice on Find a Tender", "url": "https://www.find-tender.service.gov.uk/Notice/061043-2026", "datePublished": "2026-06-30T09:48:22+01:00", "format": "text/html" } ], "noAgreedMetricsRationale": "The contract is agreed under a framework.", "statusDetails": null } ], "language": "en" }, { "buyerID": [], "id": "059712-2026", "tag": [ "award", "contract" ], "date": "2026-06-25T10:26:02+01:00", "initiationType": "tender", "ocid": "ocds-h6vhtk-06085f", "parties": [ { "name": "National Employment Savings Trust (NEST) Corporation", "id": "GB-PPON-PQGC-5667-VDDT", "identifier": { "scheme": "GB-PPON", "id": "PQGC-5667-VDDT" }, "address": { "streetAddress": "10 South Colonnade, Canary Wharf,", "locality": "London", "postalCode": "E14 4PU", "country": "GB", "countryName": "United Kingdom", "region": "UKI42" }, "contactPoint": { "email": "Procurement@nestcorporation.org.uk" }, "roles": [ "buyer" ], "details": { "classifications": [ { "scheme": "UK_CA_TYPE", "id": "publicAuthorityCentralGovernment", "description": "Public authority - central government" } ] } }, { "name": "TOWERS WATSON LIMITED", "id": "GB-COH-05379716", "identifier": { "scheme": "GB-COH", "id": "05379716" }, "additionalIdentifiers": [ { "scheme": "GB-PPON", "id": "PCQM-4544-RGMV" } ], "address": { "streetAddress": "Watson House", "locality": "Reigate", "postalCode": "RH2 9PQ", "country": "GB", "countryName": "United Kingdom", "region": "UKJ26" }, "contactPoint": { "email": "Philip.Hough@wtwco.com" }, "roles": [ "supplier" ], "details": { "url": "https://www.wtwco.com/en-gb/solutions/investments", "scale": "large", "vcse": false, "publicServiceMissionOrganization": false, "shelteredWorkshop": false } } ], "buyer": { "id": "GB-PPON-PQGC-5667-VDDT", "name": "National Employment Savings Trust (NEST) Corporation" }, "tender": { "id": "TEN-2526-037 (PA2023)", "legalBasis": { "id": "2023/54", "scheme": "UKPGA", "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents" }, "title": "TEN-2526-037 (PA2023) Retirement Consultancy Framework", "description": "Lot 1 - Decumulation expertise, scheme and product design\na. 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"description": "Banking and investment services" }, { "scheme": "CPV", "id": "66523000", "description": "Pension fund consultancy services" } ], "deliveryAddresses": [ { "region": "UK", "country": "GB", "countryName": "United Kingdom" } ], "relatedLot": "3" } ], "standstillPeriod": { "endDate": "2026-03-25T23:59:59+00:00" }, "contractPeriod": { "startDate": "2026-04-01T00:00:00+01:00", "endDate": "2030-03-31T23:59:59+01:00" }, "relatedLots": [ "3" ], "documents": [ { "id": "023227-2026", "documentType": "awardNotice", "noticeType": "UK6", "description": "Contract award notice on Find a Tender", "url": "https://www.find-tender.service.gov.uk/Notice/023227-2026", "datePublished": "2026-03-13T17:30:28Z", "format": "text/html" } ], "assessmentSummariesDateSent": "2026-03-13T00:00:00Z", "milestones": [ { "id": "1", "type": "futureSignatureDate", "dueDate": "2026-03-31T23:59:59+01:00", "status": "scheduled" } ] } ], "language": "en" }, { "ocid": "ocds-h6vhtk-06085f", "id": "004207-2026", "tag": [ "tender" ], "date": "2026-01-19T10:09:22Z", "initiationType": "tender", "parties": [ { "name": "National Employment Savings Trust (NEST) Corporation", "id": "GB-PPON-PQGC-5667-VDDT", "identifier": { "scheme": "GB-PPON", "id": "PQGC-5667-VDDT" }, "address": { "streetAddress": "10 South Colonnade, Canary Wharf,", "locality": "London", "postalCode": "E14 4PU", "country": "GB", "countryName": "United Kingdom", "region": "UKI42" }, "contactPoint": { "email": "Procurement@nestcorporation.org.uk" }, "roles": [ "buyer" ], "details": { "classifications": [ { "scheme": "UK_CA_TYPE", "id": "publicAuthorityCentralGovernment", "description": "Public authority - central government" } ] } } ], "buyer": { "id": "GB-PPON-PQGC-5667-VDDT", "name": "National Employment Savings Trust (NEST) Corporation" }, "tender": { "id": "ocds-h6vhtk-06085f", "legalBasis": { "id": "2023/54", "scheme": "UKPGA", "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents" }, "title": "TEN-2526-037 (PA2023) Retirement Consultancy Framework", "description": "Nest is procuring a Framework Agreement for consultancy services to support us evolve our retirement offering over the next four years, providing us with the means to flexibly draw consultancy support, across a broad range of capabilities, as detailed below. \nLot 1 - Decumulation expertise, scheme and product design\nLot 2 - Bulk Insurance and Risk Transfer\nLot 3 - Longevity Analysis and Modelling\nLot 4 - Member Experience and Communications", "status": "active", "items": [ { "id": "1", "additionalClassifications": [ { "scheme": "CPV", "id": "66523000", "description": "Pension fund consultancy services" } ], "deliveryAddresses": [ { "region": "UK", "country": "GB", "countryName": "United Kingdom" } ], "relatedLot": "1" }, { "id": "2", "additionalClassifications": [ { "scheme": "CPV", "id": "66523000", "description": "Pension fund consultancy services" } ], "deliveryAddresses": [ { "region": "UK", "country": "GB", "countryName": "United Kingdom" } ], "relatedLot": "2" }, { "id": "3", "additionalClassifications": [ { "scheme": "CPV", "id": "66523000", "description": "Pension fund consultancy services" } ], "deliveryAddresses": [ { "region": "UK", "country": "GB", "countryName": "United Kingdom" } ], "relatedLot": "3" }, { "id": "4", "additionalClassifications": [ { "scheme": "CPV", "id": "66523000", "description": "Pension fund consultancy services" } ], "deliveryAddresses": [ { "region": "UK", "country": "GB", "countryName": "United Kingdom" } ], "relatedLot": "4" } ], "value": { "amountGross": 3600000, "amount": 3000000, "currency": "GBP" }, "procurementMethod": "open", "procurementMethodDetails": "Open procedure", "mainProcurementCategory": "services", "aboveThreshold": true, "techniques": { "hasFrameworkAgreement": true, "frameworkAgreement": { "maximumParticipants": 4, "method": "withAndWithoutReopeningCompetition", "type": "closed", "description": "Lot 1 can have more then 1 supplier. \nLots 2, 3 & 4 will have one supplier each.\nA supplier can be awarded any number of lots. \nWork is awarded via call off Contracts. Pricing for Call offs will be based on rates bid as part of the competitive bid process" } }, "submissionMethodDetails": "https://nesttenders.bravosolution.co.uk", "submissionTerms": { "electronicSubmissionPolicy": "allowed", "languages": [ "en" ] }, "tenderPeriod": { "endDate": "2026-02-13T12:00:00Z" }, "enquiryPeriod": { "endDate": "2026-01-26T17:00:00Z" }, "awardPeriod": { "endDate": "2026-02-27T23:59:59Z" }, "lots": [ { "id": "1", "title": "Decumulation expertise, scheme and product design.", "description": "a.\tDC decumulation pensions market capability, expertise in UK market for DC pension provision, specifically in decumulation, and the latest policy, regulatory and industry developments. \nb.\tCapability in UK decumulation pension scheme design that enables the pooling of longevity and other risks, in a money purchase or other legislative/regulatory context.\nc.\tDecumulation product design - capability in all stages of decumulation product design, from user research, to translating member needs into design principles, detailed product design, and implementation.", "status": "active", "value": { "amountGross": 3600000, "amount": 3000000, "currency": "GBP" }, "awardCriteria": { "criteria": [ { "type": "quality", "name": "Experience and Capability", "numbers": [ { "number": 50, "weight": "percentageExact" } ] }, { "type": "quality", "name": "Proposed Team", "numbers": [ { "number": 30, "weight": "percentageExact" } ] }, { "type": "cost", "name": "Cost", "numbers": [ { "number": 20, "weight": "percentageExact" } ] } ] }, "contractPeriod": { "startDate": "2026-04-01T00:00:00+01:00", "endDate": "2030-03-31T23:59:59+01:00" } }, { "id": "2", "title": "Bulk Insurance and Risk Transfer", "description": "a.\tActuarial expertise and advisory services on longevity risk transfer mechanisms for defined contribution schemes, including buy-ins, buy-outs, and longevity swaps - encompassing pricing analysis, structuring, transaction execution, investment considerations, and ongoing governance and administration.\nb.\tExperience of developing approaches to longevity risk transfer for defined contribution schemes.", "status": "active", "value": { "amountGross": 3600000, "amount": 3000000, "currency": "GBP" }, "awardCriteria": { "criteria": [ { "type": "quality", "name": "Experience and Capability", "numbers": [ { "number": 50, "weight": "percentageExact" } ] }, { "type": "quality", "name": "Proposed Team", "numbers": [ { "number": 30, "weight": "percentageExact" } ] }, { "type": "cost", "name": "Cost", "numbers": [ { "number": 20, "weight": "percentageExact" } ] } ] }, "contractPeriod": { "startDate": "2026-04-01T00:00:00+01:00", "endDate": "2030-03-31T23:59:59+01:00" } }, { "id": "3", "title": "Longevity Analysis and Modelling", "description": "a.\tLongevity modelling and actuarial capability, insight into longevity trends and developments, particularly in the context of the population of pension savers under auto enrolment.\nb.\tCapability in developing actuarial modelling for decumulation solutions. Knowledge and understanding of appropriate capital market assumptions and longevity trends for decumulation.\nc.\tExperience of designing decision frameworks and governance approaches to support Trustees in setting and maintaining income levels in decumulation.", "status": "active", "value": { "amountGross": 3600000, "amount": 3000000, "currency": "GBP" }, "awardCriteria": { "criteria": [ { "type": "quality", "name": "Experience and Capability", "numbers": [ { "number": 50, "weight": "percentageExact" } ] }, { "type": "quality", "name": "Proposed Team", "numbers": [ { "number": 30, "weight": "percentageExact" } ] }, { "type": "cost", "name": "Cost", "numbers": [ { "number": 20, "weight": "percentageExact" } ] } ] }, "contractPeriod": { "startDate": "2026-04-01T00:00:00+01:00", "endDate": "2030-03-31T23:59:59+01:00" } }, { "id": "4", "title": "Member Experience and Communications", "description": "a.\tCompetency in crafting intuitive member journeys and clear communication strategies that drive positive retirement outcomes.\nb.\tExpertise in applying user experience methodologies and date led design. \nc.\tProficiency in applying behavioural science techniques and develop evidence-based communication strategies that guide informed retirement decisions.", "status": "active", "value": { "amountGross": 3600000, "amount": 3000000, "currency": "GBP" }, "awardCriteria": { "criteria": [ { "type": "quality", "name": "Experience and Capability", "numbers": [ { "number": 50, "weight": "percentageExact" } ] }, { "type": "quality", "name": "Proposed Team", "numbers": [ { "number": 30, "weight": "percentageExact" } ] }, { "type": "cost", "name": "Cost", "numbers": [ { "number": 20, "weight": "percentageExact" } ] } ] }, "contractPeriod": { "startDate": "2026-04-01T00:00:00+01:00", "endDate": "2030-03-31T23:59:59+01:00" } } ], "documents": [ { "id": "conflictOfInterest", "documentType": "conflictOfInterest", "description": "Not published" }, { "id": "004207-2026", "documentType": "tenderNotice", "noticeType": "UK4", "description": "Tender notice on Find a Tender", "url": "https://www.find-tender.service.gov.uk/Notice/004207-2026", "datePublished": "2026-01-19T10:09:22Z", "format": "text/html" } ] }, "language": "en" } ] }