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TEN-2627-047 (PA2023) - Asset Allocation System

Nest Corporation

This public procurement record has 6 releases in its history.

TenderUpdate

15 Sep 2026 at 10:29

UK4 - Tender Notice
TenderUpdate

26 Aug 2026 at 14:37

UK4 - Tender Notice
TenderUpdate

25 Aug 2026 at 14:55

UK4 - Tender Notice
TenderUpdate

24 Aug 2026 at 17:46

UK4 - Tender Notice
TenderUpdate

24 Aug 2026 at 17:46

UK4 - Tender Notice
Tender

24 Aug 2026 at 17:15

UK4 - Tender Notice
Summary of the contracting process

National Employment Savings Trust (NEST) Corporation is seeking one supplier for a hosted software-as-a-service asset allocation system for Nest Invest. The service must provide two mandatory capabilities: asset allocation and Total Portfolio View. Asset allocation must support multi-level fund-of-funds structures, strategic and tactical allocation, portfolio modelling and optimisation, configurable targets, limits and tolerances, rebalancing, asset restrictions, workflow and approvals, audit trails, scenario analysis, and implementation instructions for downstream parties. Total Portfolio View must consolidate positions, exposures, performance and available look-through information across public and private assets and Nest Invest’s fund structure. The requirement also covers licensing or subscription, configuration, integration, migration from the incumbent IRP solution, testing, training, documentation, go-live support, hosting, maintenance and technical support. Delivery is across the United Kingdom.

The procurement reached tender: suppliers were invited to submit offers through an open competitive flexible procedure under the Procurement Act 2023. Enquiries were due by 7 September 2026 at 17:00, and tender submissions by 14 October 2026 at 17:00, electronically through Nest’s Bravo e-tendering portal. The buyer intends to complete award evaluation by 2 December 2026 at 23:59. The single contract is valued at £7,300,000 excluding VAT and £8,740,000 including VAT. Its initial period is 1 January 2027 to 31 December 2031, with possible extensions to 31 December 2034. Written quality responses account for 70% of quality assessment and demonstrations for 30%; quality is weighted 85% overall, split between Asset Allocation at 68% and Total Portfolio View at 17%. Price accounts for 15%.

This opportunity suits established investment technology providers able to deliver a production-grade hosted platform for institutional portfolio management. Suppliers should have strong capabilities in asset allocation, portfolio modelling, optimisation, rebalancing, fund-of-funds structures, investment restrictions, scenario analysis and controlled approval workflows. They also need to support consolidated portfolio views covering public and private assets, positions, exposures, performance and look-through data. Relevant suppliers will be able to integrate with retained administrator and custodian data sources and a cloud data platform through robust interfaces and APIs, while managing data migration from an incumbent system. The work calls for capability across implementation, configuration, testing, user acceptance, training, documentation, transition, hosting, maintenance and technical support. Firms with demonstrable information security, service continuity and long-term product roadmap expertise are well placed.

How relevant is this notice?

Notice Information

Notice Title

TEN-2627-047 (PA2023) - Asset Allocation System

Notice Description

Nest is seeking to appoint one supplier to provide, implement and support one hosted software-as-a-service solution for Nest Invest, comprising two mandatory capabilities: Asset Allocation and Total Portfolio View. The Asset Allocation capability must support Nest Invest's multi-level fund-of-funds structure and its controlled, model-driven asset allocation process. This includes strategic and tactical asset allocation, portfolio modelling and optimisation, configurable targets, limits and tolerances, portfolio rebalancing, asset restrictions, workflow and approval controls, auditability, scenario analysis and the generation of implementation instructions or outputs for downstream parties. The Total Portfolio View capability must provide a consolidated view of Nest Invest's portfolio across public and private assets, including positions, exposures, performance and look-through information where available. It must support aggregation and analysis across Nest Invest's fund structure. The supplier will be required to provide software licensing or subscription services; implementation and configuration; integration with retained data sources and Nest Invest's planned cloud data platform through appropriate data interfaces and APIs; transition and migration from the incumbent IRP solution; testing and user acceptance support; training and documentation; go-live and transition support; and ongoing hosting, maintenance, technical support and product-roadmap services. The solution must be configured for Nest Invest and supplied electronically as a hosted service. Investment and portfolio data will be received from retained sources, including the fund administrator and custodian, and the solution must generate the required information, reporting and implementation outputs for Nest Invest and its downstream processes. The contract will be awarded to one supplier for an initial term of five years. Nest may extend the contract for an additional two years and subsequently for a further one year, giving a maximum potential term of eight years. The contract does not guarantee any minimum volume of services or minimum expenditure.

Lot Information

Lot 1

Renewal: Nest may, at its discretion, extend the contract on the same terms for an initial extension period of two years. Following that extension, Nest may, at its discretion, extend the contract for one further period of 12 months. The extensions may be exercised where Nest has a continuing requirement for the services and considers that extending the contract is appropriate, taking account of supplier performance, service continuity, value for money, ongoing business requirements, available budget and relevant internal approvals. The maximum extension period is three years, comprising: an initial extension of two years, estimated from 1 January 2032 to 31 December 2033; and a further extension of 12 months, estimated from 1 January 2034 to 31 December 2034.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06eafd
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/087160-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Competitive flexible procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

72 - IT services: consulting, software development, Internet and support

CPV Codes

72227000 - Software integration consultancy services

72261000 - Software support services

72263000 - Software implementation services

72268000 - Software supply services

Notice Value(s)

Tender Value
£7,300,000 £1M-£10M
Lots Value
£7,300,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
15 Sep 20261 months ago
Submission Deadline
14 Oct 2026Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Jan 2027 - 31 Dec 2031 Over 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
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

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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