Award

TEN-2122-022 Compliance Services

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 1 release in its history.

Award

06 Apr 2022 at 14:54

Award Notice
Summary of the contracting process

The procurement process involves the National Employment Savings Trust (NEST) seeking compliance services through an open tender titled "TEN-2122-022 Compliance Services." This contract, valued at £142,110, aims to ensure that Nest Invest Ltd, a FCA-regulated subsidiary, meets its regulatory obligations effectively. The contract period is from 25 May 2022 until 24 May 2025, with the tender period closing on 9 February 2022. NEST is based in London, England, and this procurement falls under the category of financial consultancy services.

This tender presents significant opportunities for businesses specialising in compliance and regulatory services, particularly those that are SMEs. Companies equipped to deliver high-quality training, develop compliance monitoring plans, and maintain accurate regulatory documentation will be well-positioned to compete. The contract's focus on supporting Nest Invest's relationship with the FCA highlights the demand for experienced suppliers in this critical area, making it an attractive opportunity for growth in the compliance services market.

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Notice Information

Notice Title

TEN-2122-022 Compliance Services

Notice Description

This contract covers the provision of compliance services to Nest Corporation's FCA-regulated subsidiary, Nest Invest Ltd. The supplier who has been appointed will support Nest Invest to ensure that the organisation is: - discharging all its regulatory obligations to the FCA in a systematic and compliant manner - effectively managing its day-to-day relationship with the FCA and preserving our good reputation with the organisation - delivering good-quality training to its staff, as and when required - supporting the development and delivery of running and operating a thorough and comprehensive compliance monitoring plan - maintaining a suite of compliance procedures and documentation that is accurate and up-to-date - advised on current and future regulatory requirements including permissions, fees, and other aspects of the FCA requirements.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2e3cec06-cf48-40b5-949e-02927b42ea8d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/fa5f464d-13eb-4a08-b5cd-ed73519079ae
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
£142,110 £100K-£500K
Lots Value
Not specified
Awards Value
£142,110 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Apr 20223 years ago
Submission Deadline
9 Feb 2022Expired
Future Notice Date
Not specified
Award Date
3 Mar 20223 years ago
Contract Period
24 May 2022 - 24 May 2025 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
E14 4PU
Post Town
East London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI42 Tower Hamlets
Delivery Location
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

ACA COMPLIANCE (EUROPE

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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