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Nest Invest consultancy services

National Employment Savings Trust (NEST) Corporation

This public procurement record has 6 releases in its history.

Award

09 Jan 2026 at 16:34

UK7 - Contract Details Notice
Award

15 Dec 2025 at 05:49

UK7 - Contract Details Notice
Award

21 Nov 2025 at 13:04

UK7 - Contract Details Notice
Award

29 Aug 2025 at 15:55

UK6 - Contract Award Notice
Tender

02 Jul 2025 at 07:46

UK4 - Tender Notice
Planning

28 May 2025 at 16:47

UK1 - Pipeline Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) Corporation, a central government public authority based in London, has completed a public procurement process titled "Nest Invest consultancy services." This tender, conducted under an open procedure, aimed to procure specialist investment consultancy services for large Financial Conduct Authority (FCA) regulated occupational pension schemes with assets exceeding £25 billion. The procurement stage is currently at the 'Award' phase, and Towers Watson Limited has been awarded the contract. The awarded contract, starting on 31st December 2025 and concluding on 30th December 2029, is valued at £12 million, with £10 million allocated as the net amount. Located in the UK, this contract involves the provision of financial consultancy services.

This tender offers a significant opportunity for businesses specialising in the financial consultancy sector, particularly those adept at working with large pension schemes and familiar with FCA regulations. Companies with expertise in strategic investment consultancy services and a robust track record of managing substantial funds will find this framework advantageous for growth. The closed framework agreement method also facilitates call-off contracts based on competitive bid rates, offering a steady stream of business over a multi-year period. Successful bidders are positioned well to expand their client base and cement their reputation in the financial services industry through association with a prestigious client such as NEST Corporation.

How relevant is this notice?

Notice Information

Notice Title

Nest Invest consultancy services

Notice Description

Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS) with assets under management of PS25 billion and above specific to the following areas:

Lot Information

LOT 1 Strategic investment business, organisational strategy and governance advice

Strategic investment business, organisational strategy and governance advice with extensive proven experience of international investment best practice with large Financial Conduct Authority (FCA) regulated Occupational Pension Schemes (OPS) with assets under management of PS25 billion and above

Options: no options

LOT 2 Target Operating Model design and delivery including the transition and implementation of operating models for fund administration and custody service including additional SME operational support as needed

Target Operating Model design and delivery including the transition and implementation of operating models for fund administration and custody service including additional SME operational support as needed to large Financial Conduct Authority (FCA) regulated Occupational Pension Schemes (OPS) (or similar) with assets under management of PS25 billion and above. 35

Options: no options

Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS

Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS) with assets under management of PS25 billion and above

Options: no options

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-052854
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/002036-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66171000 - Financial consultancy services

79412000 - Financial management consultancy services

Notice Value(s)

Tender Value
£10,000,000 £10M-£100M
Lots Value
£10,000,000 £10M-£100M
Awards Value
£11,000,000 £10M-£100M
Contracts Value
£11,000,000 £10M-£100M

Notice Dates

Publication Date
9 Jan 20267 months ago
Submission Deadline
28 Jul 2025Expired
Future Notice Date
26 Jun 2025Expired
Award Date
18 Aug 20251 years ago
Contract Period
31 Dec 2025 - 30 Dec 2029 4-5 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

1

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

Supplier Information

Number of Suppliers
3
Supplier Names

ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED

AVIDA INTERNATIONAL ORGANISATIONAL PERFORMANCE & GOVERNANCE LIMITED

TOWERS WATSON LIMITED

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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