Lot 2
No lot description published.
Statuscomplete
AwardedFind a Tender · award
TEN-2526-037 (PA2023) Retirement Consultancy Framework - Lot No 2, Call-Off No 1
Buyer: National Employment Savings Trust (NEST) Corporation →
View official notice ↗Official source
BuyerNational Employment Savings Trust (NEST) Corporation
StatusAwarded
Deadline13 Feb 2026
Value£3,000,000
Published20 Jul 2026
What is being bought
May: Preparation and attendance at regular project calls. Reviewing the project plan and work to develop the project plan for Co-design Cycle 2. Production of a decisions log to record the agreed design structure Work in respect of the annuity transfer value design, including: Preparation for and attendance at the meeting on 12 May to discuss Rothesay's initial analysis Preparation of paper "Review of Rothesay's transfer value analysis" dated May 2026 Preparation for and attendance at the meeting on 29 May to discuss and agree the annuity transfer value design Initiating the Value for Money workstream, including outlining potential elements of the Value for Money process for Rothesay's review Further work in respect of the approach to managing different annuity rates, including liaising with Rothesay in respect of sample annuity pricing. June: Further analysis and advice in relation to allowing for different characteristics in member incomes & managing different annuity rates, including a workshop on 18 June and updating decision log Liaising with Nest & Rothesay in respect of assessing the Value for Money of annuity pricing Reviewing the bulk annuity umbrella terms Reviewing and updating the co-design cycle 2 project plan Attendance at regular project management/ governance calls July: Further analysis and advice in respect of allowing for affluence in member incomes from age 75, including further workshop attendance Further review and negotiation of bulk annuity terms, including reflecting Value for Money terms Further support in initiating co-design cycle 2 Attendance at regular project management/ governance calls August: Continue to provide input, ideas and challenge to discussions/negotiations with Nest and the insurer on operational aspects of the product design (including, for example, continuation of income on death, transfer values for divorce, cohort cut-off dates, frequency of payment, date of first and last payment to members, product launch) Support the development and negotiation of the necessary operational processes to support the LLPI product, bringing insights from our bulk annuity experience, including consideration of: Member existence and movement reporting Provision of data to/ from TCS and Nest Member event processes (e.g. deaths, transfer values) "Future proofing" operational approaches so they would be expected to work for different insurers in future Further review and negotiation of the bulk annuity product terms as required Attendance at regular project management/governance calls
Lot details
Comparable-procurement analytics
No usable CPV category has been published, so a comparable market set cannot yet be built.
Procurement strategy & market signals
Framework agreementNot published
Dynamic purchasing systemNot published
Competitive procurementNot published
Recurring requirementNot published
Procurement method rationaleNot published
Rationale classificationsNot published
Special regimeNot published
Covered byNot published
Submission policyNot published
Selection criteriaNot published
Risk detailsNot published
Planning & early market engagement
BudgetNot published
No-engagement rationaleNot published
Planning documents0
Planning milestones0
No planning milestones published.
Related procurements
No linked framework, prior procurement or reprocurement published.
Awards
6
Statusactive
SupplierHYMANS ROBERTSON LLP
Contracts
Retirement Consultancy Framework - Lot No 2, Call-Off No 1
Statusactive
Value£400,000
Documents & submission route
- Not published
Source data inventory
Diagnostic view. “Not published” means this current release does not provide a value.
| OCID | ocds-h6vhtk-06085f |
|---|---|
| Latest release ID | 068393-2026 |
| Latest release timestamp | Mon Jul 20 2026 15:01:18 GMT+0000 (Coordinated Universal Time) |
| Source | find-a-tender |
| Official notice URL | https://www.find-tender.service.gov.uk/Notice/004207-2026 |
| Tender status | complete |
| Procurement method | open |
| Procurement method details | Open procedure |
| Main procurement category | Not published |
| Above threshold | Not published |
| Legal basis | 2023/54 |
| Tender period: start | Not published |
| Tender period: end | Not published |
| Expression of interest deadline | Not published |
| Enquiry deadline | Not published |
| Award period: start | Not published |
| Award period: end | Not published |
| Submission method details | Not published |
| Submission languages | Not published |
| Electronic catalogue policy | Not published |
| Total tender value | Not published |
| Tender lots in source | 1 |
| Tender items in source | 0 |
| Tender documents in source | 1 |
| Awards in latest release | 1 |
| Contracts in latest release | 1 |
| Parties in latest release | 2 |
Notice history
| Date | Event | Reference |
|---|---|---|
| 20 Jul 2026 | award, contract | 068393-2026 |
| 20 Jul 2026 | award, contract | 068383-2026 |
| 30 Jun 2026 | award, contract | 061043-2026 |
| 25 Jun 2026 | award, contract | 059712-2026 |
| 7 May 2026 | award, contract | 041979-2026 |
| 23 Apr 2026 | award, contract | 037137-2026 |
| 2 Apr 2026 | award, contract | 030777-2026 |
| 13 Mar 2026 | award, contract | 023227-2026 |
| 19 Jan 2026 | tender | 004207-2026 |
All source data
Unmodified official OCDS data retained by Tenderline for this procurement process.
Complete current OCDS release JSON
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}25 Jun 2026 · 059712-2026 · award, contract
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}7 May 2026 · 041979-2026 · award, contract
{
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}23 Apr 2026 · 037137-2026 · award, contract
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}2 Apr 2026 · 030777-2026 · award, contract
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"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",
"maximumParticipants": 4
},
"hasFrameworkAgreement": true
},
"awardPeriod": {
"endDate": "2026-02-27T23:59:59Z"
},
"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",
"tenderPeriod": {
"endDate": "2026-02-13T12:00:00Z"
},
"enquiryPeriod": {
"endDate": "2026-01-26T17:00:00Z"
},
"aboveThreshold": true,
"submissionTerms": {
"languages": [
"en"
],
"electronicSubmissionPolicy": "allowed"
},
"procurementMethod": "open",
"mainProcurementCategory": "services",
"submissionMethodDetails": "https://nesttenders.bravosolution.co.uk",
"procurementMethodDetails": "Open procedure"
},
"parties": [
{
"id": "GB-PPON-PQGC-5667-VDDT",
"name": "National Employment Savings Trust (NEST) Corporation",
"roles": [
"buyer"
],
"address": {
"region": "UKI42",
"country": "GB",
"locality": "London",
"postalCode": "E14 4PU",
"countryName": "United Kingdom",
"streetAddress": "10 South Colonnade, Canary Wharf,"
},
"details": {
"classifications": [
{
"id": "publicAuthorityCentralGovernment",
"scheme": "UK_CA_TYPE",
"description": "Public authority - central government"
}
]
},
"identifier": {
"id": "PQGC-5667-VDDT",
"scheme": "GB-PPON"
},
"contactPoint": {
"email": "Procurement@nestcorporation.org.uk"
}
}
],
"language": "en",
"initiationType": "tender"
}