---
title: "TEN-2526-037 (PA2023) Retirement Consultancy Framework - LOT NO 3 CALL OFF NUMBER 1 (Willis Towers Watson)"
ocid: "ocds-h6vhtk-06cf23"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06cf23"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06cf23.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06cf23.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION"
published: "2026-07-20"
---

# TEN-2526-037 (PA2023) Retirement Consultancy Framework - LOT NO 3 CALL OFF NUMBER 1 (Willis Towers Watson)

Buyer: NATIONAL EMPLOYMENT SAVINGS TRUST (NEST) CORPORATION  
Current stage: Award  
OCID: ocds-h6vhtk-06cf23

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## Summary

The National Employment Savings Trust (NEST) Corporation, a central government public authority based in London, has recently completed its procurement process for a retirement consultancy framework, specifically under LOT NO 3 CALL OFF NUMBER 1. The contract was awarded to Willis Towers Watson, a large-scale financial consultancy services supplier also located in London. This award was registered on 20th July 2026, and the contract period extends from 20th July 2026 to 30th October 2026. The procurement method employed was selective, indicating that it was an award under an existing framework, with a gross contract value set at £540,000.

This tender provides significant opportunities for businesses involved in financial consultancy services, as it includes organising workshops and preparing strategic materials to assist NEST in designing their retirement income blueprint. Companies with expertise in financial consultancy and those capable of supporting sophisticated investment strategy development, price considerations, and governance frameworks would find this opportunity particularly rewarding. With the focus on creating robust retirement income structures, businesses that can offer innovative solutions and strategic insights within the financial sector, especially within the UK, would be well-positioned to tender for similar future opportunities.

## Notice

This Contract Award Notice was published previously, however, did not have the unique OCID number attached to it due to administrative errors. This is a republishing of the Award Notice using today's date. The Supplier will organise workshops, in 'sprint'-style format, to support Nest Invest to form views on design aspects or operational approaches for its retirement income blueprint, which include but are not limited to the following: 1. Assessment of choice of CMA model, and support making any changes 2. Income calibration sessions (setting initial income, high-level investment strategy, adjusting the income framework) 3. Approach for early retirees (reducing volatility though income framework) 4. Choice of comparator annuities 5. Detailed decisions on co-horting (age-related simplifications and allowing for significant market movements, also related work on cross subsidies) 6. Detailed investment strategy considerations 7. Price-lock considerations with the insurer 8. Governance of cohorts The supplier will also prepare pre-reading materials and papers documenting the outcomes of workshops, for subjects relating to the retirement income blueprint, including the subjects above. The supplier will also carry out related relevant actions to support the design of the income distribution approach and associated modelling.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/068381-2026 |
| Notice type | UK6 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Award under framework |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Jul 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 22 Apr 2026 |
| Contract period | 19 Jul 2026 - 30 Oct 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £450,000 |
| Contracts value | Not specified |

## Status

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

## 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 | 1 |
| Supplier names | WILLIS TOWERS WATSON |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 20 Jul 2026 at 14:54 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/068381-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/068381-2026
  20th July 2026 - Contract award notice on Find a Tender

## Notice URLs

- http://www.wtwco.com
- https://www.find-tender.service.gov.uk/api/1.0/ocdsReleasePackages/ocds-h6vhtk-06085f
- 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-06cf23. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06cf23.json.