---
title: "TEN-2425-026 Annuity Brokerage Service"
ocid: "ocds-b5fd17-6556ace6-f3c6-44d7-bf83-845bf7e2a9a3"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-6556ace6-f3c6-44d7-bf83-845bf7e2a9a3"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-6556ace6-f3c6-44d7-bf83-845bf7e2a9a3.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-6556ace6-f3c6-44d7-bf83-845bf7e2a9a3.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)"
published: "2025-05-12"
---

# TEN-2425-026 Annuity Brokerage Service

Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)  
Current stage: Award  
OCID: ocds-b5fd17-6556ace6-f3c6-44d7-bf83-845bf7e2a9a3

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## Summary

The procurement process for the "TEN-2425-026 Annuity Brokerage Service" has been completed by the National Employment Savings Trust (NEST), based in London, England. This contract, classified under the industry category of "Insurance and pension services," involved an open procurement method below the threshold. The relevant tender period concluded on 10th January 2025, and the contract was awarded on 30th January 2025. The service is intended to be live by April 2025, with a contract period from 22nd April 2025 to 21st April 2027. The procurement location covers a broad area including the United Kingdom, British Overseas Territories, Channel Islands, Europe, Isle of Man, and the Rest of the World.

This tender offers significant opportunities for businesses in the insurance and pension services sectors, particularly those with capabilities to provide innovative annuity services. With NEST aiming to enhance their retirement withdrawal services, companies specialising in seamless digital integrations and data sharing could stand to benefit greatly. Though Retirement Line Ltd, a large-scale corporation, has been successfully awarded the contract, there remain avenues for SMEs interested in future collaborations as NEST considers expanding its offerings based on user behaviour. This represents a fertile ground for enterprises looking to engage with a reputable organisation like NEST and to expand their service portfolios within the pension services domain.

## Notice

Nest is looking to launch an annuity service for members that would go live in April 2025. Initially, our expectation is that it will be a signposted service that is linked to via the Nest member portal and within our retirement withdrawal journey. We may consider introducing data sharing or integrating the service into our retirement journey in the future, if user behaviour supports this development.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b7f6da59-35b5-4581-a7a3-cacd2decfda5 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 May 2025 |
| Submission deadline | 10 Jan 2025 |
| Future notice date | Not specified |
| Award date | 30 Jan 2025 |
| Contract period | 21 Apr 2025 - 21 Apr 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) |
| Locality | LONDON |
| Post town | East London |
| Postcode | E14 4PU |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI4 Inner London - East |
| ITL 3 | TLI42 Tower Hamlets |
| Local authority | Tower Hamlets |
| Electoral ward | Canary Wharf |
| Westminster constituency | Poplar and Limehouse |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | RETIREMENT LINE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66500000 - Insurance and pension services

## Release History

- 12 May 2025 at 16:13 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b7f6da59-35b5-4581-a7a3-cacd2decfda5

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b7f6da59-35b5-4581-a7a3-cacd2decfda5
  12th May 2025 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-6556ace6-f3c6-44d7-bf83-845bf7e2a9a3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-6556ace6-f3c6-44d7-bf83-845bf7e2a9a3.json.