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CON-2526-002 Fund Admin Transition and Transformation Programme

National Employment Savings Trust (NEST) Corporation

This public procurement record has 4 releases in its history.

ContractAmendment

25 Jun 2025 at 18:04

UK10 - Contract Change Notice
Award

20 Jun 2025 at 09:32

UK7 - Contract Details Notice
Award

19 May 2025 at 16:56

UK6 - Contract Award Notice
Award

08 Apr 2025 at 10:58

UK5 - Transparency Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) Corporation, located at Canary Wharf in London, is overseeing a significant contracting process for the "CON-2526-002 Fund Admin Transition and Transformation Programme." This process, under the procurement category of pension fund administration services, involves the management and transition of over £50 billion in assets to a new custodian and fund administrator. The procurement method utilised is a direct award, and the contracting process has transitioned from the award stage to contract implementation. Initial contracts were signed starting 30th May 2025, running until 29th May 2027, with potential extensions available. The most recent update involves a contract amendment dated 25th June 2025 for additional services requiring significant gross funding of £1,026,132, effective from 1st July 2025.

This procurement exercise offers substantial opportunities for businesses with expertise in financial services and asset transition management, particularly firms capable of managing large-scale projects and navigating complex transitions within the pension fund administration sector. Given the direct procurement and continuation of established relationships, businesses with prior experience and strong existing networks with NEST or similar organisations stand a better chance of engaging successfully. This contract is particularly suitable for large-scale service providers, such as ALPHA Financial Markets Consulting UK Limited, which has been instrumental in prior processes and continues to hold significant involvement as a supplier in this project.

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Notice Information

Notice Title

CON-2526-002 Fund Admin Transition and Transformation Programme

Notice Description

Nest will be transitioning over PS50bn of assets from one custodian to another and working with a brand new fund accountant and administrator. This contract will provide expert support and experience based on deep experience of transitioning assets, and a deep understanding of Nest needs, and the new provider's capabilities.

Procurement Information

Nest will be transitioning over PS50bn of assets from one custodian to another and working with a brand new fund accountant and administrator. This contract will provide expert support and experience based on deep experience of transitioning assets, and a deep understanding of Nest needs, and the new provider's capabilities.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04fe92
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/035225-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK10 - Contract Change Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£635,000 £500K-£1M
Contracts Value
£635,000 £500K-£1M

Notice Dates

Publication Date
25 Jun 20251 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
8 Apr 20251 years ago
Contract Period
30 May 2025 - 29 May 2027 1-2 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
National Employment Savings Trust (NEST) Corporation
Additional Buyers

Nest Corporation

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
Not specified
Local Authority
Tower Hamlets
Electoral Ward
Canary Wharf
Westminster Constituency
Poplar and Limehouse

Supplier Information

Number of Suppliers
1
Supplier Name

ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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