--- title: "TEN-2122-022 Compliance Services" ocid: "ocds-b5fd17-ed84eae1-3ccf-486c-9afb-77ab87717b11" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-ed84eae1-3ccf-486c-9afb-77ab87717b11" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-ed84eae1-3ccf-486c-9afb-77ab87717b11.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-ed84eae1-3ccf-486c-9afb-77ab87717b11.json" source: "Contracts Finder" current_stage: "Tender" buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)" published: "2022-01-06" --- # TEN-2122-022 Compliance Services Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) Current stage: Tender OCID: ocds-b5fd17-ed84eae1-3ccf-486c-9afb-77ab87717b11 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-ed84eae1-3ccf-486c-9afb-77ab87717b11) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-ed84eae1-3ccf-486c-9afb-77ab87717b11.json) ## Summary The National Employment Savings Trust (NEST) is currently conducting a tender process for "TEN-2122-022 Compliance Services". This procurement falls under the financial consultancy category and is based in London, UK. The open tender period ends on 9th February 2022, with the contract expected to commence on 25th May 2022 and last for three years. The contract value is set at £140,000 with an emphasis on securing a supplier who will provide essential compliance services to NEST Invest Ltd, ensuring regulatory obligations to the FCA are met systematically and effectively. This tender presents significant growth opportunities for businesses that specialise in compliance consultancy and regulatory advisory services, particularly those with experience in the financial sector. Small and medium-sized enterprises (SMEs) that can deliver comprehensive training, compliance monitoring, and support during FCA examinations would find themselves well-suited to compete. Providers capable of adapting to the evolving regulatory landscape and offering tailored services to enhance compliance strategies will likely have a competitive edge in this tender process. ## Notice Nest has an ongoing requirement for the provision of compliance services to its FCA-regulated subsidiary, Nest Invest Ltd. Under this procurement we intend to appoint a supplier to provide Nest Invest with these services, for a duration of three years. The supplier who is appointed will support Nest Invest to ensure that the organisation is: - discharging all its regulatory obligations to the FCA in a systematic and compliant manner - effectively managing its day-to-day relationship with the FCA and preserving our good reputation with the organisation - delivering good-quality training to its staff, as and when required - supporting the development and delivery of running and operating a thorough and comprehensive compliance monitoring plan - maintaining a suite of compliance procedures and documentation that is accurate and up-to-date - advised on current and future regulatory requirements including permissions, fees, and other aspects of the FCA requirements. Our requirement for Compliance Services can be divided into four specific areas. 1 - general compliance-related services for Nest Invest, principally covering the provision of general support, guidance and advice on a range of topics, including but not limited to formal and informal regulatory enquiries; the impact and effect of proposed or actual regulatory changes; the stipulations articulated in the FCA Handbook; as well as support on the preparation and submission of filings with the FCA. 2 - compliance monitoring, which covers advising on, designing and executing an appropriate compliance monitoring plan and documentation for Nest Invest, with reference to the existing FCA compliance programme. For more information see Area 2, Section 3 below. 3 - the provision of support to Nest Invest, in the event that they are subjected to an FCA examination procedure. 4 - education and training for Nest Invest's management and operational teams. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7059b7ae-be0d-4496-b255-3d366084fa8e | | 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 | 6 Jan 2022 | | Submission deadline | 9 Feb 2022 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 24 May 2022 - 24 May 2025 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £140,000 | | 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 - 6 Jan 2022 at 14:47 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/7059b7ae-be0d-4496-b255-3d366084fa8e ## Documents - https://www.contractsfinder.service.gov.uk/Notice/7059b7ae-be0d-4496-b255-3d366084fa8e 6th January 2022 - Opportunity notice on Contracts Finder ## Notice URLs - https://www.nestpensions.org.uk/ ## 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-ed84eae1-3ccf-486c-9afb-77ab87717b11. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-ed84eae1-3ccf-486c-9afb-77ab87717b11.json.