Tender

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Provision of Retirement Consultancy Services

National Employment Savings Trust (NEST)

This public procurement record has 1 release in its history.

Tender

23 Aug 2023 at 11:56

Tender Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) has issued an active tender for the Provision of Retirement Consultancy Services. This procurement falls under the CPV classification for pension fund consultancy services and is part of the services category. NEST, based in London, United Kingdom, aims to establish a Framework Agreement to enhance its retirement offering. The tender has a value of £800,000 and involves a contract period of 1440 days. The submission deadline for this tender is September 25, 2023, with a bid validity period of 180 days. The procurement method is an open procedure, and electronic/written submissions are allowed.

This tender opportunity by NEST provides a chance for consultancy firms specialising in retirement services to participate in supporting NEST's programme of work. Businesses offering expertise in pension fund consultancy services are well-suited to compete in this tender. The framework agreement structure allows for flexibility and potential long-term collaboration. By engaging in this procurement process, businesses can access a substantial contract value and contribute to NEST's strategic objectives in enhancing their retirement solutions.

How relevant is this notice?

Notice Information

Notice Title

Provision of Retirement Consultancy Services

Notice Description

This tender is to establish a Framework Agreement for consultancy services to support Nest to enhance its retirement offering.

Lot Information

Lot 1

Since 2015, one of the principal challenges for the pensions industry in the UK has been to develop retirement income products which provide members with a life-long, sustainable income, whilst retaining the benefits of flexibility introduced by the pension freedoms. In 2015 Nest set out a blueprint for a retirement income strategy which would fulfil these objectives following the introduction of the pension freedoms. Over the next few years, nest will be working to evolve its retirement offering and will need specialist ad-hoc support. This tender is to establish a preferred supplier pool (in the form of a Framework Agreement) for consultancy services to help support Nest throughout this programme of work. Please note, the estimated value is the upper limit of Nest's anticipated range of spend that spend over the duration of the framework, which is PS500,000 - 800,000. This is a framework agreement and therefore no minimum spend is guaranteed.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03f63f
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/024776-2023
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£800,000 £500K-£1M
Lots Value
£800,000 £500K-£1M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
23 Aug 20233 years ago
Submission Deadline
25 Sep 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
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
Postcode Area
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
TLI London
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...