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Retirement Consultancy Framework - Lot 1 - Call-off 1 - Whole of Life Retirement Charging Strategy

National Employment Savings Trust (NEST) Corporation

This public procurement record has 1 release in its history.

Award

10 Aug 2026 at 19:11

UK7 - Contract Details Notice
Summary of the contracting process

National Employment Savings Trust (NEST) Corporation commissioned retirement consultancy services from Lane Clark & Peacock LLP. The work supports NEST’s Whole of Life Retirement Charging Strategy across accumulation, Flexible Access Drawdown and the NEST Guided Income Solution. It covers review of the current charging approach, retirement pathway charging arrangements, flexible pricing and alternative charging structures. The consultancy also examines member impacts, fairness, value for money, cross-subsidies, Consumer Duty considerations and commercial sustainability, with benchmarking of relevant retirement market propositions. The supplier is to produce executive-ready outputs to support senior governance decisions. The services are delivered for NEST in the United Kingdom and fall within pension fund consultancy and banking and investment services.

The procurement has been completed and awarded through a competitive call-off from the Retirement Consultancy Framework, using a selective procedure below the applicable threshold. The award was made to Lane Clark & Peacock LLP on 10 August 2026 for the single Whole of Life Retirement Charging Strategy lot. The active contract was signed on 10 August 2026 and runs from 10 August 2026 to 31 December 2026. Its value is £95,000 including applicable taxes. The requirement was competed under the framework rather than as an open standalone tender. The published outcome identifies one selected supplier and an active contract; it does not set out a separate award-scoring breakdown.

This procurement demonstrates demand from a public-sector pension provider for specialist retirement charging and pension consultancy. A credible competitor for similar work would need strong expertise in pension accumulation and decumulation products, including flexible access drawdown and guided income solutions. Relevant capability includes designing and modelling pricing structures, analysing member outcomes and fairness, assessing value for money and cross-subsidies, and applying Consumer Duty considerations. Suppliers should also be able to assess commercial sustainability, benchmark retirement market propositions and turn complex analysis into clear recommendations for senior governance. Experience working with regulated pension or financial services organisations, supported by robust quantitative modelling and market knowledge, would be important. The requirement suits established specialist consultancies able to combine strategy, economics, customer impact and executive communication.

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Notice Information

Notice Title

Retirement Consultancy Framework - Lot 1 - Call-off 1 - Whole of Life Retirement Charging Strategy

Notice Description

LCP will support Nest's Whole of Life Retirement Charging Strategy by reviewing Nest's current charging approach across accumulation, Flexible Access Drawdown and Nest Guided Income Solution; assessing retirement pathway charging arrangements; building a flexible pricing model; modelling alternative charging structures; assessing member impacts, fairness, value for money, cross-subsidies, Consumer Duty considerations and commercial sustainability; benchmarking relevant retirement market propositions; and producing executive-ready outputs to support senior governance decisions.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06e0ac
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/075957-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Below threshold - award under framework
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£95,000 Under £100K

Notice Dates

Publication Date
10 Aug 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
10 Aug 20262 weeks ago
Contract Period
10 Aug 2026 - 31 Dec 2026 1-6 months
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
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

LANE CLARK & PEACOCK LLP

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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