--- title: "https://nesttenders.bravosolution.co.uk/" ocid: "ocds-h6vhtk-04469b" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04469b" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04469b.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04469b.json" source: "Find A Tender Service" current_stage: "Tender" buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)" published: "2024-03-07" --- # https://nesttenders.bravosolution.co.uk/ Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) Current stage: Tender OCID: ocds-h6vhtk-04469b [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04469b) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04469b.json) ## Summary The National Employment Savings Trust (NEST) is seeking suppliers to be appointed to a framework agreement to support their evolution of the operating and business model. The tender is for services in the business services industry category with a contract value of £2,000,000. The procurement stage is active with a submission deadline on 8th April 2024 and the second stage invitation on 17th April 2024. The buyer, NEST, is based in London, UK, and the procurement method is a selective, restricted procedure. This tender from NEST presents an opportunity for suppliers experienced in supporting mid-sized asset holders in transforming their operating models through significant growth trajectories. Suppliers with expertise in investment operating model design and implementation for asset managers insourcing components of the investment process are encouraged to participate. Businesses providing business and management consultancy services and with practical knowledge in investment operating model design would be well-suited to compete in this procurement process. ## Notice Nest Invest was set up as FCA authorised subsidiary of Nest Corporation in 2020. The FCA designation is that of an Occupational Pension Scheme (OPS) firm. Nest Invest's regulatory permissions are to advise Nest on its investment strategy and the suitability of its existing and new external fund managers, as well as ensuring Nest's members' money is invested in accordance with the investment strategy and Statement of Investment Principles. However, the permissions Nest Invest has would permit the potential to do more in the direct investing space if Nest Corporation required it. Nest is on a path to becoming one of the largest pensions schemes in the UK. Whilst Nest holds PS35bn today, that figure will grow to around PS100bn or higher by the end of the decade. Each year Nest receives around PS6 billion in new contributions from members. The growth trajectory means that the operating model for Nest Invest will need to evolve over the next ten years. Nest currently insources strategic asset allocation, portfolio construction, responsible investing, manager selection and manager monitoring. Fund management, the implementation of investment decisions, and fund custody/administration are outsourced. However, as Nest grows the make/buy boundary is likely to change in terms of the investment process. In particular, we may look to insource elements of fund management activity in some asset classes where that is consistent with members' interests. We are inviting suppliers to tender to be appointed to a framework agreement to support us as we evolve the operating and business model. We are looking for suppliers with experience of supporting mid-sized asset holders (PS30bn and over) transform their operating models through significant growth trajectories. We expect suppliers to have experience of functional operating model design and implementation for asset managers insourcing components of the investment process. Suppliers will also have experience of advising FCA regulated OPS firms. We are looking for suppliers with practical experience and knowledge of investment operating model design and implementation. If your company is interested in this opportunity, please register on our E-tendering portal below. To register on this portal, go to https://nesttenders.bravosolution.co.uk/ Under the "Register or Login" heading, select "Click here to Register". The registration process takes less than 5 minutes. Once you have registered, you will be able to see the opportunity and download the documentation in the attachments area. If your company is already registered, once you have logged in to your account you will be able to see the opportunity and download this documentation in the attachments area. ### Lot Information Lot 1 Nest Invest was set up as FCA authorised subsidiary of Nest Corporation in 2020. The FCA designation is that of an Occupational Pension Scheme (OPS) firm. Nest Invest's regulatory permissions are to advise Nest on its investment strategy and the suitability of its existing and new external fund managers, as well as ensuring Nest's members' money is invested in accordance with the investment strategy and Statement of Investment Principles. However, the permissions Nest Invest has would permit the potential to do more in the direct investing space if Nest Corporation required it. Nest is on a path to becoming one of the largest pensions schemes in the UK. Whilst Nest holds PS35bn today, that figure will grow to around PS100bn or higher by the end of the decade. Each year Nest receives around PS6 billion in new contributions from members. The growth trajectory means that the operating model for Nest Invest will need to evolve over the next ten years. Nest currently insources strategic asset allocation, portfolio construction, responsible investing, manager selection and manager monitoring. Fund management, the implementation of investment decisions, and fund custody/administration are outsourced. However, as Nest grows the make/buy boundary is likely to change in terms of the investment process. In particular, we may look to insource elements of fund management activity in some asset classes where that is consistent with members' interests. We are inviting suppliers to tender to be appointed to a framework agreement to support us as we evolve the operating and business model. We are looking for suppliers with experience of supporting mid-sized asset holders (PS30bn and over) transform their operating models through significant growth trajectories. We expect suppliers to have experience of functional operating model design and implementation for asset managers insourcing components of the investment process. Suppliers will also have experience of advising FCA regulated OPS firms. We are looking for suppliers with practical experience and knowledge of investment operating model design and implementation. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/007433-2024 | | Notice type | Tender Notice | | Procurement type | Framework | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Restricted procedure | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 7 Mar 2024 | | Submission deadline | 8 Apr 2024 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | Not specified | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £2,000,000 | | Lots value | £2,000,000 | | 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 | Not specified | ## CPV Codes ### Divisions - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 79000000 - Business services: law, marketing, consulting, recruitment, printing and security - 79400000 - Business and management consultancy and related services ## Release History - 7 Mar 2024 at 20:52 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/007433-2024 ## Notice URLs - https://nesttenders.bravosolution.co.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-04469b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04469b.json.