Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

Retirement Income Blueprint

National Employment Savings Trust (NEST) Corporation

This public procurement record has 3 releases in its history.

ContractTermination

26 Jun 2026 at 10:08

UK11 - Contract Termination Notice
Award

06 Feb 2026 at 09:11

UK7 - Contract Details Notice
Award

14 Jan 2026 at 16:27

UK6 - Contract Award Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) Corporation, a central government public authority, has recently concluded a contracting process titled "Retirement Income Blueprint" located in London, UK. The procurement was carried out through a selective award under a framework and involved financial consultancy services. The contract period began on 16th January 2026 and concluded on 29th May 2026. The contract, valued at GBP 360,000 gross, was awarded to Willis Towers Watson, a large-scale supplier, on 6th February 2026. However, as of 26th June 2026, the contract status was updated to terminated due to completion.

This tender, focusing on financial consultancy within the retirement income sector, offers significant opportunities for businesses specialising in financial services. Companies with expertise in financial consultancy and those able to deliver workshops and support income distribution modelling can find growth potential through such frameworks with NEST. Engaging in this type of procurement process allows businesses to leverage their capabilities in government-affiliated projects, enhancing their portfolio and industry standing. Ideal participants would include large consultancies with the capacity to handle substantial contracts and provide strategic insights into financial planning and implementation.

How relevant is this notice?

Notice Information

Notice Title

Retirement Income Blueprint

Notice Description

The Supplier will organise workshops, in 'sprint'-style format, to support Nest Invest to agree positions on topics related to its retirement income blueprint will prepare pre-reading materials and papers documenting the outcomes of workshops, for subjects relating to the retirement income blueprint, including the subjects above. will also carry out related relevant actions to support the design of the income distribution approach and associated modelling

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-060601
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/060144-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK11 - Contract Termination Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Award under framework
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£300,000 £100K-£500K
Contracts Value
£300,000 £100K-£500K

Notice Dates

Publication Date
26 Jun 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
14 Jan 20267 months ago
Contract Period
16 Jan 2026 - 29 May 2026 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
National Employment Savings Trust (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
2
Supplier Names

TOWERS WATSON LIMITED

Willis Towers Watson

Further Information

Notice Documents

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...