---
title: "Provision of Retirement Consultancy Services"
ocid: "ocds-h6vhtk-05ab47"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05ab47"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05ab47.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05ab47.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)"
published: "2025-10-09"
---

# Provision of Retirement Consultancy Services

Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)  
Current stage: Award  
OCID: ocds-h6vhtk-05ab47

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## Summary

The National Employment Savings Trust (NEST) in the United Kingdom is leading a contracting process for the "Provision of Retirement Consultancy Services". This tender falls within the services category, specifically targeting pension fund consultancy services. It aims to establish a framework agreement to support NEST's evolving retirement income strategy, especially in light of the flexibility offered by the pension freedoms introduced in 2015. The procurement is now in the awarding stage with two suppliers, WTW (Towers Watson Limited) and Hymans Robertson LLP, already active. The contract covers a period of 1,440 days, and its estimated value ranges from £500,000 to £800,000. The delivery of services is concentrated in the UK, with the framework agreement signed on 23 October 2023.

This tender presents significant opportunities, especially for large firms specialised in retirement consultancy services. With the increasing complexity of retirement income products and the strategic importance of such services to NEST, there is potential for sustained engagement and growth for businesses within this sector. Companies with robust expertise in actuarial and investment advisory services, capable of adapting to the intricate challenges of the pensions industry, would find this tender particularly beneficial. The framework offers a chance to partner with a leading public pension provider in the UK, contributing to and influencing the development of innovative retirement income solutions.

### 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/063572-2025 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 9 Oct 2025 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 22 Oct 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £1,200,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Not specified |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) |
| Locality | LONDON |
| Post town | Not specified |
| Postcode | N/A |
| Country | Not specified |
| ITL 1 | Not specified |
| ITL 2 | Not specified |
| ITL 3 | Not specified |
| Local authority | Not specified |
| Electoral ward | Not specified |
| Westminster constituency | Not specified |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | HYMANS ROBERTSON; WTW (TOWERS WATSON |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66523000 - Pension fund consultancy services

## Release History

- 9 Oct 2025 at 09:06 - AwardUpdate - Award Notice - https://www.find-tender.service.gov.uk/Notice/063572-2025

## Notice URLs

- http://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-h6vhtk-05ab47. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05ab47.json.