Official UK procurement notice
Nest Invest consultancy services
Authority: National Employment Savings Trust (NEST) Corporation (Central government)
What is being bought3 lots · detail below
Published requirement descriptionSpecialist 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:
CPV: Financial management consultancy services
How this framework works
From the published notice- Type
- Closed framework
- Call-offs
- call-offs are awarded directly to appointed suppliers, without further competition
- Places
- up to 8 suppliers · 7 bids on the busiest of 3 lots (0.9 per place) · 3 appointed
- Framework period
- 4 yrs from 4 Sept 2025
Published description of the framework
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
- TEN-2526-011 - Lot 2 - Call off no 9 · National Employment Savings Trust (NEST) Corporation · 9 Oct 2026
- TEN-2526-011 - Lot 2 - Call off no 12 · National Employment Savings Trust (NEST) Corporation · 9 Oct 2026
- Lot 2 - Call off no 8 · National Employment Savings Trust (NEST) Corporation · 11 Aug 2026
- TEN- 2526-011 - Lot 2 - Call off no 6 · National Employment Savings Trust (NEST) Corporation · 13 Jul 2026
- Retirement Income Blueprint · National Employment Savings Trust (NEST) Corporation · 26 Jun 2026
Notices that name this framework as their framework in the official record, latest 5 of 8. Many call-offs are never published, so this is a floor, not utilisation.
Lots and requirements (3)Procurement structure
3 lots · all with a published value · a supplier may bid for at most 1 and win at most 1 of themEvery one of these 2 lots carries the same published figure, £3,500,000: it is the framework's maximum for the whole notice, not each lot's own budget, and no share per lot is published. The cards below say ceiling above rather than repeat it.
Lot #1Strategic investment business, organisational strategy and governance adviceAwarded UK, Londonceiling above
Strategic investment business, organisational strategy and governance advice with extensive proven experience of international investment best practice with large Financial Conduct Authority (FCA) regulated Occupational Pension Schemes (OPS) with assets under management of £25 billion and above
Lot #2Target Operating Model design and delivery including the transition and implementation of operating models for fund administration and custody service including additional SME operational support as neededAwarded Londonceiling above
Target Operating Model design and delivery including the transition and implementation of operating models for fund administration and custody service including additional SME operational support as needed to large Financial Conduct Authority (FCA) regulated Occupational Pension Schemes (OPS) (or similar) with assets under management of £25 billion and above. 35
Lot #3Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPSAwarded LondonPublished value£3,000,000
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
- “Nest Invest consultancy services” is a framework: the contest is a place on its panel, up to 8 suppliers, not a single contract, and call-offs are awarded directly: getting appointed is the whole game.
Procedure terms & legal framework
From the official record- Procedure method
- Open procedure
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Above threshold (FTS publication)
- Regulatory regime
- Standard
- Commercial structure
- Framework agreement
- Who may use the vehicle
- Not stated in the notice; call-off rights may be limited to the establishing authority
- Competition type
- Competitive procedure
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 28 May 2025, 16:47 BST
- Last source update
- 9 Jan 2026, 16:34 GMT
- Award evaluation window
- Submission end – 4 Sept 2025
- Authority reference
TEN -2526-011 LOT3- FTS notice number
2025/S 000-036588- Latest notice
- Contract details notice (UK7)
- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-052854Find a Tender
- Risks
Nest Invest is continuing to grow and its need for consultancy services in this area are unknown, there is a possibility that the consultancy requirements could exceed current levels estimated.
How it was run
Official notice- Appointment period ends
- 28 Jul 2025, 12:00 BST
- Clarification deadline
- 11 Jul 2025, 12:00 BST
- Submission channel
- Official e-sourcing portal
- Electronic submission
- Allowed
- Accepted languages
- en
tenders must be submitted via the Nest e tendering site nesttenders.bravosolution.co.uk ↗. if you are not already registered on the site you will need to register first ,
Timeline
28 May 2025 → 9 Jan 2026 · 10 dates- Planning notice published28 May 2025, 16:47 BST
- Next notice expected26 Jun 2025, 23:59 BST
- Tender notice published2 Jul 2025, 07:46 BST
- Clarification questions by11 Jul 2025, 12:00 BST
- Admission / appointment period endsperiod end, not a bid countdown28 Jul 2025, 12:00 BST
- Assessment summaries sent27 Aug 2025, 00:00 BST
- Contract starts4 Sept 2025, 00:00 BST
- Award decision expected by4 Sept 2025, 23:59 BST
- Standstill ends9 Sept 2025, 23:59 BST
- Latest notice published280 days ago9 Jan 2026, 16:34 GMT
Notice history
12 events · 6 releases on Find a Tender · since 28 May 2025- Pipeline notice published28 May 2025, 16:47 BSTUK1
- Tender notice published2 Jul 2025, 07:46 BSTUK4
- Published value updated to £10,000,0002 Jul 2025, 07:46 BSTwas £2,000,000
- Status changed to active2 Jul 2025, 07:46 BST
- Procurement method changed2 Jul 2025, 07:46 BST
- Deadline published: 28 Jul 2025, 12:00 BST2 Jul 2025, 07:46 BST
- Contract award notice published29 Aug 2025, 15:55 BSTUK6
- Status changed to complete29 Aug 2025, 15:55 BST
- Contract signature expected11 Sept 2025, 23:59 BSTscheduled
- Contract details notice published21 Nov 2025, 13:04 GMTUK7
- Contract details notice published15 Dec 2025, 05:49 GMTUK7
- Contract details notice published9 Jan 2026, 16:34 GMTUK7
Routine re-releases (6)
- 2025-08: 1 release · 29 Aug 2025
- 2025-07: 1 release · 2 Jul 2025
- 2025-05: 1 release · 28 May 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast£10,000,000 is the framework's published maximum, restated by the publisher on 2 award rows. It is one ceiling, not 2 separate sums, and no share per lot is published; those rows read “ceiling above”.
| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lot 1 · Strategic investment business, organisational strategy and governance advice1 award | |||
| Avida International1 Strategic investment business, organisational strategy and governance advice11 Sept 2025 – 10 Sept 2029 | ceiling above | 18 Aug 2025 | Awarded |
| Lot 2 · Target Operating Model design and delivery including the transition and implementation of operating models for fund administration and custody service including additional SME operational support as needed1 award | |||
| ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED11 Sept 2025 – 10 Sept 2029 | £1,000,000 | 18 Aug 2025 | Awarded |
| Lot 3 · Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS1 award | |||
| Towers Watson Ltd11 Sept 2025 – 10 Sept 2029 | ceiling above | 18 Aug 2025 | Awarded |
Contracts
All 2 of these contracts carry the same published figure, £10,000,000, the framework's maximum for the whole notice, not each contract's own value. They are not eleven separate sums.
Contract 3 · Towers Watson Ltd
- Signed
- 31 Dec 2025
- Value
- ceiling above
- Period
- 31 Dec 2025 – 30 Dec 2029
- Status
- active
Contract 1 · Avida International
- Signed
- 16 Sept 2025
- Value
- ceiling above
- Period
- 16 Sept 2025 – 15 Sept 2029
- Status
- active
Contract 2 · ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED
- Signed
- 10 Sept 2025
- Value
- £1,000,000
- Period
- 16 Sept 2025 – 15 Sept 2029
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Strategic investment business, organisational strategy and governance advice | 1final-stage tenders | 1 | 0 | — |
| 2 · Target Operating Model design and delivery including the transition and implementation of operating models for fund administration and custody service including additional SME operational support as needed | 2final-stage tenders | 0 | 0 | — |
| 3 · Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS | 7final-stage tenders · 8 at stage one | 2 | 0 | — |
Who bid
- wonAVIDA INTERNATIONAL ORGANISATIONAL PERFORMANCE & GOVERNANCE LIMITESME · Greater London · 1
- wonTOWERS WATSON LIMITED · South East England · 3
- did not winAon Investments Limited · Greater London · 3
- did not winHYMANS ROBERTSON LLP · Greater London · 3
- did not winIsio Group Limited · Greater London · 3
- did not winBFINANCE UK LIMITEDSME · Greater London · 3
- did not winMERCER LIMITED · Greater London · 3
- did not winREDINGTON LIMITEDSME · Greater London · 3
Bidders as named on the Procurement Act 2023 award notice. “Won” means the bidder holds an award on this notice.
Contracting authority & participating public bodies
Framework contractors & participating bidders
9 commercial parties on the notice · 3 awarded- ALPHA FINANCIAL MARKETS CONSULTING UK LIMITEDFramework contractor
- AVIDA INTERNATIONAL ORGANISATIONAL PERFORMANCE & GOVERNANCE LIMITEDFramework contractor
- Aon Investments LimitedBidder / tenderer
- BFINANCE UK LIMITEDBidder / tenderer
- HYMANS ROBERTSON LLPBidder / tenderer
- Isio Group LimitedBidder / tenderer
- MERCER LIMITEDBidder / tenderer
- REDINGTON LIMITEDBidder / tenderer
- TOWERS WATSON LIMITEDFramework contractor
Official documents & specifications (11)
Official links; attachments are not copiedTender pack and attachments
Notices published for this procedure
- Contract details notice Contract details notice on Find a Tender
- Contract details notice Contract details notice on Find a Tender
- Contract details notice Contract details notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Tender notice Tender notice on Find a Tender
- Pipeline notice Pipeline notice on Find a Tender