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Lot 2 - Call off no 8

National Employment Savings Trust (NEST) Corporation

This public procurement record has 1 release in its history.

Award

11 Aug 2026 at 11:59

UK6 - Contract Award Notice
Summary of the contracting process

The National Employment Savings Trust (NEST) Corporation bought financial consultancy services for Nest Invest’s next phase of operating-model work. The appointed partner was required to support pre-implementation and procurement activity for a planned Asset Allocation Tool and Data Platform solution. The scope covered finalising investment teams’ asset-allocation and total-portfolio-view requirements, completing tender documentation and obtaining the approvals needed to launch the Asset Allocation Tool tender. It also covered commercial and solution-design work to prepare for implementation of the Northern Trust Data Platform. The work is delivered in the United Kingdom, for NEST Corporation based in London. This is a specialist investment, financial-services transformation and technology-procurement support requirement rather than a general management consultancy commission.

The procurement is complete and the contract was awarded on 30 June 2026 to ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED. The award is active and covers one completed lot. It was made through a selective procedure under a framework, without a competitive call-off. The awarded value is £485,000, with a gross value of £582,000. The contract period runs from 11 August 2026 to 30 September 2026. Evaluation information identifies financial consultancy, financial transaction processing and clearing-house services as the relevant classification. The selected supplier is Alpha Financial Markets Consulting UK Limited. A contract signature milestone was scheduled for 11 August 2026, with completion of the procurement recorded as the current tender outcome.

This award indicates demand from NEST Corporation for a supplier able to combine investment operating-model expertise with practical delivery of technology-enabled change. A credible competitor for a future requirement would need to understand asset allocation, total portfolio views and the needs of investment teams, while also translating those requirements into procurement-ready specifications. Relevant capability includes preparing tender documentation, managing approvals, shaping commercial models and developing solution designs for data platforms and investment tools. Experience supporting pre-implementation activity and coordinating between investment, commercial and technology stakeholders would be important. The requirement also favours firms able to work at the scale and pace of a short, defined delivery phase, with enough financial-services knowledge to connect business requirements, procurement activity and platform implementation planning.

How relevant is this notice?

Notice Information

Notice Title

Lot 2 - Call off no 8

Notice Description

Building on work completed to date and the progress made with embedding and finalising elements of the Target Operating Model ('TOM') in Phase 4, Nest Invest is seeking a partner to work with the team over the course of the next phase ('Phase 4b') to commence pre-implementation/procurement activities for the planned Asset Allocation Tool and Data Platform solution. The objectives of this phase are as follows: Delivery Objective: Complete the finalisation of Investment teams' asset allocation and total portfolio view (TPV) requirements, all tender documentation and necessary approvals so the Asset Allocation Tool tender can be launched. Delivery Objective: Complete commercial and solution design activities to prepare for the Northern Trust Data Platform implementation.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06e128
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/076165-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award 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

66170000 - Financial consultancy, financial transaction processing and clearing-house services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£485,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
11 Aug 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Jun 20261 months ago
Contract Period
11 Aug 2026 - 30 Sep 2026 1-6 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Not Specified

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

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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