---
title: "Provision of Retirement Consultancy Services"
ocid: "ocds-h6vhtk-03f63f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03f63f"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03f63f.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03f63f.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)"
published: "2023-08-23"
---

# Provision of Retirement Consultancy Services

Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)  
Current stage: Tender  
OCID: ocds-h6vhtk-03f63f

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## Summary

The National Employment Savings Trust (NEST) has issued an active tender for the Provision of Retirement Consultancy Services. This procurement falls under the CPV classification for pension fund consultancy services and is part of the services category. NEST, based in London, United Kingdom, aims to establish a Framework Agreement to enhance its retirement offering. The tender has a value of £800,000 and involves a contract period of 1440 days. The submission deadline for this tender is September 25, 2023, with a bid validity period of 180 days. The procurement method is an open procedure, and electronic/written submissions are allowed.

This tender opportunity by NEST provides a chance for consultancy firms specialising in retirement services to participate in supporting NEST's programme of work. Businesses offering expertise in pension fund consultancy services are well-suited to compete in this tender. The framework agreement structure allows for flexibility and potential long-term collaboration. By engaging in this procurement process, businesses can access a substantial contract value and contribute to NEST's strategic objectives in enhancing their retirement solutions.

## Notice

This tender is to establish a Framework Agreement for consultancy services to support Nest to enhance its retirement offering.

### Lot Information

Lot 1

Since 2015, one of the principal challenges for the pensions industry in the UK has been to develop retirement income products which provide members with a life-long, sustainable income, whilst retaining the benefits of flexibility introduced by the pension freedoms. In 2015 Nest set out a blueprint for a retirement income strategy which would fulfil these objectives following the introduction of the pension freedoms. Over the next few years, nest will be working to evolve its retirement offering and will need specialist ad-hoc support. This tender is to establish a preferred supplier pool (in the form of a Framework Agreement) for consultancy services to help support Nest throughout this programme of work. Please note, the estimated value is the upper limit of Nest's anticipated range of spend that spend over the duration of the framework, which is PS500,000 - 800,000. This is a framework agreement and therefore no minimum spend is guaranteed.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/024776-2023 |
| Notice type | Tender Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Aug 2023 |
| Submission deadline | 25 Sep 2023 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £800,000 |
| Lots value | £800,000 |
| Awards value | Not specified |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Active |
| 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

- 66523000 - Pension fund consultancy services

## Release History

- 23 Aug 2023 at 10:56 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/024776-2023

## Notice URLs

- http://www.nestpensions.org.uk
- https://nesttenders.bravosolution.co.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-h6vhtk-03f63f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-03f63f.json.