---
title: "TEN-2425-026 Annuity Brokerage Service"
ocid: "ocds-h6vhtk-04be4c"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04be4c"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04be4c.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04be4c.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)"
published: "2024-11-25"
---

# TEN-2425-026 Annuity Brokerage Service

Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)  
Current stage: Tender  
OCID: ocds-h6vhtk-04be4c

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04be4c.json)

## Summary

The National Employment Savings Trust (NEST) is inviting tenders for the provision of an annuity brokerage service, titled "TEN-2425-026 Annuity Brokerage Service." This procurement falls under the "Insurance and pension services" industry category (CPV: 66500000) and aims to launch the service for its members by April 2025. The procurement is at the tender stage with key submission deadlines, notably the end date for submissions on 10th January 2025, along with bid opening also scheduled for the same date. The service will be primarily based in the UK, and the process adopts an open procedure, allowing for electronic and written submissions.

This tender provides substantial opportunities for businesses specialising in insurance and pension services to expand their portfolios by associating with a significant public institution like NEST. Businesses with expertise in integrating digital annuity services and user management systems are well-positioned to benefit from this opportunity, especially those that can handle complex service integrations within member portals and retirement management journeys. The project offers a long-term contract over 1440 days, providing stability and continuous engagement for the winning bidder. Companies adept in handling and innovating within public sector frameworks will find this tender particularly advantageous for growth.

## Notice

Nest is looking to launch an annuity service for members that would go live in April 2025.

### Lot Information

Lot 1

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 | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/037955-2024 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| 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 | 25 Nov 2024 |
| Submission deadline | 10 Jan 2025 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | Not specified |
| 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 | 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

- 66 - Financial and insurance services

### Codes

- 66500000 - Insurance and pension services

## Release History

- 25 Nov 2024 at 10:14 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/037955-2024

## Notice URLs

- 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-04be4c. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04be4c.json.