--- title: "CON-2526-002 Fund Admin Transition and Transformation Programme" ocid: "ocds-h6vhtk-04fe92" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04fe92" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04fe92.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04fe92.json" source: "Find A Tender Service" current_stage: "Award" buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION" published: "2025-06-25" --- # CON-2526-002 Fund Admin Transition and Transformation Programme Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION Current stage: Award OCID: ocds-h6vhtk-04fe92 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04fe92) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-04fe92.json) ## Summary The National Employment Savings Trust (NEST) Corporation, located at Canary Wharf in London, is overseeing a significant contracting process for the "CON-2526-002 Fund Admin Transition and Transformation Programme." This process, under the procurement category of pension fund administration services, involves the management and transition of over £50 billion in assets to a new custodian and fund administrator. The procurement method utilised is a direct award, and the contracting process has transitioned from the award stage to contract implementation. Initial contracts were signed starting 30th May 2025, running until 29th May 2027, with potential extensions available. The most recent update involves a contract amendment dated 25th June 2025 for additional services requiring significant gross funding of £1,026,132, effective from 1st July 2025. This procurement exercise offers substantial opportunities for businesses with expertise in financial services and asset transition management, particularly firms capable of managing large-scale projects and navigating complex transitions within the pension fund administration sector. Given the direct procurement and continuation of established relationships, businesses with prior experience and strong existing networks with NEST or similar organisations stand a better chance of engaging successfully. This contract is particularly suitable for large-scale service providers, such as ALPHA Financial Markets Consulting UK Limited, which has been instrumental in prior processes and continues to hold significant involvement as a supplier in this project. ## Notice Nest will be transitioning over PS50bn of assets from one custodian to another and working with a brand new fund accountant and administrator. This contract will provide expert support and experience based on deep experience of transitioning assets, and a deep understanding of Nest needs, and the new provider's capabilities. ### Procurement Information Nest will be transitioning over PS50bn of assets from one custodian to another and working with a brand new fund accountant and administrator. This contract will provide expert support and experience based on deep experience of transitioning assets, and a deep understanding of Nest needs, and the new provider's capabilities. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/035225-2025 | | Notice type | UK10 - Contract Change Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Direct | | Procurement method details | Direct award | | Tender suitability | SME | | Awardee scale | Large | | All stages | Award | ## Dates | Field | Value | | --- | --- | | Publication date | 25 Jun 2025 | | Submission deadline | Not specified | | Future notice date | Not specified | | Award date | 8 Apr 2025 | | Contract period | 29 May 2025 - 29 May 2027 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | £635,000 | | Contracts value | £635,000 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Complete | | Awards status | Active | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION | | Additional buyers | NEST CORPORATION | | 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 | ## Supplier | Field | Value | | --- | --- | | Number of suppliers | 1 | | Supplier names | ALPHA FINANCIAL MARKETS CONSULTING | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66523100 - Pension fund administration services ## Release History - 25 Jun 2025 at 17:04 - ContractAmendment - UK10 - Contract Change Notice - https://www.find-tender.service.gov.uk/Notice/035225-2025 - 20 Jun 2025 at 08:32 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/033925-2025 - 19 May 2025 at 15:56 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/022863-2025 - 8 Apr 2025 at 09:58 - Award - UK5 - Transparency Notice - https://www.find-tender.service.gov.uk/Notice/013578-2025 ## Documents - https://www.find-tender.service.gov.uk/Notice/035225-2025 25th June 2025 - Contract change notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/033925-2025 20th June 2025 - Contract details notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/022863-2025 19th May 2025 - Contract award notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/013578-2025 8th April 2025 - Transparency notice on Find a Tender ## Notice URLs - http://www.alphafmc.com - https://www.legislation.gov.uk/ukpga/2023/54/contents ## 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-04fe92. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04fe92.json.