--- title: "Retirement Consultancy Services Framework" ocid: "ocds-h6vhtk-06085f" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06085f" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06085f.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06085f.json" source: "Find A Tender Service" current_stage: "Award" buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION" published: "2026-06-30" --- # Retirement Consultancy Services Framework Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION Current stage: Award OCID: ocds-h6vhtk-06085f [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06085f) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-06085f.json) ## Summary The National Employment Savings Trust (NEST) Corporation, based in London, has successfully completed an open procurement process and awarded a contract for the Retirement Consultancy Services Framework. This framework is designed to provide specialist consultancy support for the development of organisational models and investment approaches, specifically within the pension consultancy sector. The procurement targeted key areas such as decumulation expertise, bulk insurance, risk transfer, and scheme design, with significant opportunities for consultancy firms specialising in financial advisory and investment banking services. The contract was signed on 29th June 2026, and it is set to conclude on 31st March 2030, covering services across the UK region. This procurement process offers substantial growth opportunities for large-scale consultancy firms with expertise in the UK pensions market, particularly in decumulation and risk transfer. Such firms can provide value by delivering insights into scheme and product design, regulatory developments, and longevity risk management. Businesses capable of offering comprehensive actuarial expertise and those equipped to engage in competitive price bidding, as part of a framework agreement, would be well-suited to leverage this opportunity. Participation in this framework can significantly enhance a company's portfolio by associating with a prominent central government public authority like NEST Corporation. ## Notice Specialist consultancy support for the development of the organisational model and development of the investment approach. Lot 1 - Decumulation expertise, scheme and product design a) DC decumulation pensions market capability, expertise in UK market for DC pension provision, specifically in decumulation, and the latest policy, regulatory and industry developments. b) Capability in UK decumulation pension scheme design that enables the pooling of longevity and other risks, in a money purchase or other legislative/regulatory context. c) Decumulation product design - capability in all stages of decumulation product design, from user research, to translating member needs into design principles, detailed product design, and implementation. Lot 2 - Bulk Insurance and Risk Transfer a. Actuarial expertise and advisory services on longevity risk transfer mechanisms for defined contribution schemes, including buy-ins, buy-outs, and longevity swaps - encompassing pricing analysis, structuring, transaction execution, investment considerations, and ongoing governance and administration. b. Experience of developing approaches to longevity risk transfer for defined contribution schemes. ### Lot Information Decumulation expertise, scheme and product design. Bulk Insurance and Risk Transfer Longevity Analysis and Modelling Member Experience and Communications ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/061043-2026 | | Notice type | UK7 - Contract Details Notice | | Procurement type | Framework | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure | | Tender suitability | Not specified | | Awardee scale | Large | | All stages | Tender, Award | ## Dates | Field | Value | | --- | --- | | Publication date | 30 Jun 2026 | | Submission deadline | 13 Feb 2026 | | Future notice date | Not specified | | Award date | 6 Mar 2026 | | Contract period | 28 Jun 2026 - 31 Mar 2030 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £3,000,000 | | Lots value | £3,000,000 | | Awards value | £3,450,000 | | Contracts value | £3,450,000 | ## Status | Field | Value | | --- | --- | | Tender status | Complete | | Lots status | Complete | | Awards status | Active, Pending | | Contracts status | Active | ## Buyer | Field | Value | | --- | --- | | Main buyer | NATIONAL EMPLOYMENT SAVINGS TRUST (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 | 5 | | Supplier names | HYMANS ROBERTSON; LANE CLARK & PEACOCK; SOPRA STERIA; TOWERS WATSON; WILLIS TOWERS WATSON | ## CPV Codes ### Divisions - 66 - Financial and insurance services - 73 - Research and development services and related consultancy services ### Codes - 66100000 - Banking and investment services - 66120000 - Investment banking services and related services - 66523000 - Pension fund consultancy services - 73000000 - Research and development services and related consultancy services ## Release History - 30 Jun 2026 at 08:48 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/061043-2026 - 25 Jun 2026 at 09:26 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/059712-2026 - 7 May 2026 at 13:17 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/041979-2026 - 23 Apr 2026 at 13:31 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/037137-2026 - 2 Apr 2026 at 10:31 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/030777-2026 - 13 Mar 2026 at 17:30 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/023227-2026 - 19 Jan 2026 at 10:09 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/004207-2026 ## Documents - https://www.find-tender.service.gov.uk/Notice/061043-2026 30th June 2026 - Contract details notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/059712-2026 25th June 2026 - Contract details notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/041979-2026 7th May 2026 - Contract details notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/037137-2026 23rd April 2026 - Contract award notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/030777-2026 2nd April 2026 - Contract award notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/023227-2026 13th March 2026 - Contract award notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/004207-2026 19th January 2026 - Tender notice on Find a Tender - https://www.find-tender.service.gov.uk/Notice/Attachment/A-18223 - https://www.find-tender.service.gov.uk/Notice/Attachment/A-18228 - https://www.find-tender.service.gov.uk/Notice/Attachment/A-18400 ## Notice URLs - http://www.hymans.co.uk - http://www.soprasteria.co.uk - http://www.wtwco.com - https://nesttenders.bravosolution.co.uk - https://www.lcp.com/en - https://www.legislation.gov.uk/ukpga/2023/54/contents - https://www.wtwco.com/en-gb/solutions/investments ## 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-06085f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06085f.json.