---
title: "TEN-1920-030 Compliance Services Nest Invest"
ocid: "ocds-b5fd17-699304af-5763-467e-ba1d-df10d6d91c36"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-699304af-5763-467e-ba1d-df10d6d91c36"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-699304af-5763-467e-ba1d-df10d6d91c36.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-699304af-5763-467e-ba1d-df10d6d91c36.json"
source: "Contracts Finder"
current_stage: "Tender"
buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)"
published: "2020-02-13"
---

# TEN-1920-030 Compliance Services Nest Invest

Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)  
Current stage: Tender  
OCID: ocds-b5fd17-699304af-5763-467e-ba1d-df10d6d91c36

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## Summary

The National Employment Savings Trust (NEST) has initiated a procurement process for "TEN-1920-030 Compliance Services Nest Invest," aimed at securing expert compliance advisory services for regulated occupational pension schemes. The contract is set to commence on 1 April 2020 and will run until 31 March 2021, with a possibility of a one-year extension until March 2022. This open tender, which falls under the financial consultancy category, has a submission deadline of 6 March 2020. The tender documents are available online, detailing the expertise required and the expectations for service continuity in managing compliance matters with the FCA.

This tender presents an excellent opportunity for consultancy firms with experience in financial compliance, particularly those familiar with FCA regulations and occupational pension schemes. Businesses capable of providing strategic advice, developing monitoring plans, and offering robust support during regulatory examinations will find this procurement highly relevant. NEST seeks suppliers who can deliver high-quality service whilst maintaining a strong relationship with its compliance management team, making it ideal for SMEs with the capability to handle complex compliance requirements and multiple client engagements simultaneously.

## Notice

Please be advised that the tender documents relating to this opportunity can be found at the following link: https://nesttenders.bravosolution.co.uk/web/login.shtml -- 3.1 Nest are seeking to procure a contract for the duration of1 April 2020 until end March 2021, with the option to extend for an additional year, ending end March 2022. We are looking for expertise across the following areas. We are seeking expert knowledge and guidance based on the FCA Handbook. It is paramount that its requirements are interpreted correctly to Nest/Nest Invest Ltd; 3.2 Prospective bidders should have experience of providing compliance services for regulated occupational pension schemes. 3.3 The supplier will provide a point of contact and a regular account team for continuity and familiarity on the account. 3.4 Nest Invest Ltd will seek advice and direction on managing the day to day relationship with FCA, with the aim of maintaining a good reputation where called upon. 3.5 We will require the supplier to have the capacity to manage and respond to multiple queries and issues at any single time with an adequate resource to maintain high quality service. 3.6 The supplier will be responsible for the planning of and execution of an appropriate Compliance monitoring plan. The plan will be designed and executed in consultation and collaboration with Nest's Compliance Management team. Any changes to Nest's business operations will be factored into the plan and would be amended as necessary. Each review will be conducted on a timely basis, in line with a mutually agreed plan and timeframe to a high-quality level. 3.7 An assessment of the existing FCA compliance programme and provide recommendations to updates to clients existing compliance documentation including the compliance manual, compliance monitoring programme, policies and procedures, registers, file and reporting schedules and controls. The assessment is to ensure the documents are inline and meet all relevant regulatory requirements. 3.8 Advice will be sought on any relevant advertising and marketing documentation which could be considered to have a regulatory impact. 3.9 The supplier will provide assistance with preparation and submission of adequate quality fillings with the FCA, in line with requirements and systems. Support will be provided for any changes to Nest Invest's registration status and permissions. 3.10 The supplier will provide support for GABRIEL, FCA Connect, and other reporting events and systems as required. 3.11 In the event that Nest Invest is subject to an FCA examination procedure, support throughout the process with respect to regulatory issues. The supplier will support in advising and compilation of responses to the regulator's enquiries as required. 3.12 To support the development and training of relevant Nest Invest staff in relevant Compliance developments as required.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/759de1f5-122e-4d03-b87a-2861b5e67f41 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 13 Feb 2020 |
| Submission deadline | 6 Mar 2020 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 31 Mar 2020 - 31 Mar 2021 |
| 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 | Active |
| Lots status | Not specified |
| Awards status | Not specified |
| 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 | TLI London |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

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

## Release History

- 13 Feb 2020 at 16:08 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/759de1f5-122e-4d03-b87a-2861b5e67f41

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/759de1f5-122e-4d03-b87a-2861b5e67f41
  13th February 2020 - Opportunity notice on Contracts Finder

## Notice URLs

- https://nesttenders.bravosolution.co.uk/web/login.shtml

## Provenance

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