Award

TEN -2425 020 Proxy voting research & services

NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

This public procurement record has 1 release in its history.

Award

04 Feb 2025 at 08:10

Summary of the contracting process

The National Employment Savings Trust (NEST) has completed a procurement process for proxy voting research and services (reference TEN-2425 020). This tender, classified under the industry category of Pension Fund Administration Services (CPV code: 66523100), was specifically targeted at helping NEST oversee the voting decisions made by their fund managers on a selected subset of shares annually. The contract, valued at £65,800, was awarded via a single tender action (below threshold) procurement method. The procurement stage is now in the Award phase with the contract period spanning from 13th February 2025 to 12th February 2026, and the service will be executed within the South-East region of the United Kingdom.

This tender presents notable opportunities for SMEs and VCSEs in the financial services sector, particularly those specialising in pension fund administration and proxy voting consultancy. The award has been made to Minerva Analytics Ltd, indicating a suitable environment for similar firms to demonstrate their expertise in providing valuable research and compliance services. By participating in such tenders, businesses can gain significant exposure and the chance to collaborate with public institutions like NEST, potentially leading to further opportunities and growth within the public sector space.

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Notice Title

TEN -2425 020 Proxy voting research & services

Notice Description

Nest requires support to hold our fund managers to account on the voting decisions they take. Each year we focus our efforts on a subset of shares. We compare how our fund managers intend to vote these shares at upcoming general meeting to how our voting policy tells us we would vote in our members' best interests.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-74e0171f-2ff8-4bb5-ab63-4290496083cf
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2cded77f-dba6-4b2f-a0b6-7bc7abc957a2
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
£65,800 Under £100K
Lots Value
Not specified
Awards Value
£65,800 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Feb 20251 years ago
Submission Deadline
7 Jan 2025Expired
Future Notice Date
Not specified
Award Date
8 Jan 20251 years ago
Contract Period
13 Feb 2025 - 12 Feb 2026 6-12 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)
Contact Name
alison slade
Contact Email
alison.slade@nestcorporation.org.uk
Contact Phone
02030563678

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
TLJ South East (England)

Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

MINERVA ANALYTICS

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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