Lot 3, Call-Off 1 · UK public procurement notice

This Contract Award Notice was published previously, however, did not have the unique OCID number attached to it due to administrative errors. This is a republishing of the Award Notice using today's date.

The Supplier will organise workshops, in 'sprint'-style format, to

support Nest Invest to form views on design aspects or operational approaches for its retirement income blueprint, which include but are not limited to the following:

1. Assessment of choice of CMA model, and support making

any changes

2. Income calibration sessions (setting initial income, high-level

investment strategy, adjusting the income framework)

3. Approach for early retirees (reducing volatility though income

framework)

4. Choice of comparator annuities
5. Detailed decisions on co-horting (age-related simplifications

and allowing for significant market movements, also related work on cross subsidies)

6. Detailed investment strategy considerations
7. Price-lock considerations with the insurer
8. Governance of cohorts

The supplier will also prepare pre-reading materials and papers

documenting the outcomes of workshops, for subjects relating to

the retirement income blueprint, including the subjects above.

The supplier will also carry out related relevant actions to support

the design of the income distribution approach and associated

modelling.