Notice Information
Notice Title
TEN-2526-037 (PA2023) Retirement Consultancy Framework
Notice Description
Nest is procuring a Framework Agreement for consultancy services to support us evolve our retirement offering over the next four years, providing us with the means to flexibly draw consultancy support, across a broad range of capabilities, as detailed below. Lot 1 - Decumulation expertise, scheme and product design Lot 2 - Bulk Insurance and Risk Transfer Lot 3 - Longevity Analysis and Modelling Lot 4 - Member Experience and Communications
Lot Information
Decumulation expertise, scheme and product design.
a. DC decumulation pensions market capability, expertise in UK market for DC pension provision, specifically in decumulation, and the latest policy, regulatory and industry developments. b. Capability in UK decumulation pension scheme design that enables the pooling of longevity and other risks, in a money purchase or other legislative/regulatory context. c. Decumulation product design - capability in all stages of decumulation product design, from user research, to translating member needs into design principles, detailed product design, and implementation.
Bulk Insurance and Risk Transfera. Actuarial expertise and advisory services on longevity risk transfer mechanisms for defined contribution schemes, including buy-ins, buy-outs, and longevity swaps - encompassing pricing analysis, structuring, transaction execution, investment considerations, and ongoing governance and administration. b. Experience of developing approaches to longevity risk transfer for defined contribution schemes.
Longevity Analysis and Modellinga. Longevity modelling and actuarial capability, insight into longevity trends and developments, particularly in the context of the population of pension savers under auto enrolment. b. Capability in developing actuarial modelling for decumulation solutions. Knowledge and understanding of appropriate capital market assumptions and longevity trends for decumulation. c. Experience of designing decision frameworks and governance approaches to support Trustees in setting and maintaining income levels in decumulation.
Member Experience and Communicationsa. Competency in crafting intuitive member journeys and clear communication strategies that drive positive retirement outcomes. b. Expertise in applying user experience methodologies and date led design. c. Proficiency in applying behavioural science techniques and develop evidence-based communication strategies that guide informed retirement decisions.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-06085f
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/004207-2026
- Current Stage
- Tender
- All Stages
- Tender
Procurement Classification
- Notice Type
- UK4 - 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
- £3,000,000 £1M-£10M
- Lots Value
- £3,000,000 £1M-£10M
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 19 Jan 2026Today
- Submission Deadline
- 13 Feb 20264 weeks to go
- Future Notice Date
- Not specified
- Award Date
- Not specified
- Contract Period
- 31 Mar 2026 - 31 Mar 2030 4-5 years
- 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) CORPORATION
- Contact Name
- Not specified
- Contact Email
- procurement@nestcorporation.org.uk
- Contact Phone
- Not specified
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
- Not specified
-
- Local Authority
- Tower Hamlets
- Electoral Ward
- Canary Wharf
- Westminster Constituency
- Poplar and Limehouse
Further Information
Notice Documents
-
https://www.find-tender.service.gov.uk/Notice/004207-2026
19th January 2026 - Tender notice on Find a Tender
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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