Official UK procurement notice
Retirement consultancy Framework · UK public procurement notice
Authority: National Employment Savings Trust (NEST) Corporation (Central government)
What is being bought
Published requirement descriptionThe Supplier will provide the services outlined below:
Critical path items for FY2026/27 (ending 31 March)
- Drawn from Co-design phase 2 project plan:
o Review of relevant provisions of draft Umbrella Terms with insurer (first pass)
o Complete design of annual process for determining income payable from 67-84
o Exits and entrants
o Premium payment and price-lock (liaising with Hymans, Rothesay and nest to confirm appropriateness of proposal)
o Cohort annuity purchase process
- Supporting the TCS build:
o NGRF closure and initial cohort set-up
o Income initiation pricing process
o Wider WTW support on engagement with TCS (e.g. alternatives to the dummy member approach for setting mid-year cohort pricing)
o Umbrella terms (second pass)
- Modelling support
o Regular calls with Will on latest modelling, including methodology discussions and point estimate reviews
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
Procedure terms & legal framework
From the official record- Procedure method
- Award under framework
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Call-off under a framework
- Competition type
- Direct award (no call for competition)
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 8 Oct 2026, 11:21 BST
- Last source update
- 8 Oct 2026, 11:21 BST
- Authority reference
TEN2627-037 lot 3 call off no 2- FTS notice number
2026/S 000-095103- Latest notice
- Contract award notice (UK6)
- Delivery area
- Official registry OCID
ocds-h6vhtk-078386Find a Tender
- Call-off under framework TEN-2526-037 (PA2023) Retirement Consultancy Framework - Lot No 2, Call-Off No 1
Notice history
2 events · 1 release on Find a Tender · since 8 Oct 2026- Contract award notice published8 Oct 2026, 11:21 BSTUK6
- Contract signature expected9 Oct 2026, 23:59 BSTscheduled
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Willis Towers Watson9 Oct 2026 – 31 Mar 2027 | £275,000 | 30 Sept 2026 | Awarded |
Contracting authority & participating public bodies
Bidders & participating suppliers
1 commercial party on the notice- Willis Towers WatsonAwarded supplier
Official documents & specifications (1)
Official links; attachments are not copiedNotices published for this procedure
- Contract award notice Contract award notice on Find a Tender