---
title: "TEN-2627-047 (PA2023) - Asset Allocation System"
ocid: "ocds-h6vhtk-06eafd"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-06eafd"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-06eafd.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-06eafd.json"
source: "Find A Tender Service"
current_stage: "Tender"
buyer: "National Employment Savings Trust (NEST) Corporation"
published: "2026-08-26"
---

# TEN-2627-047 (PA2023) - Asset Allocation System

Buyer: National Employment Savings Trust (NEST) Corporation  
Current stage: Tender  
OCID: ocds-h6vhtk-06eafd

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## Summary

National Employment Savings Trust (NEST) Corporation is seeking one supplier for a hosted software-as-a-service asset allocation system for Nest Invest. The service must provide two mandatory capabilities: asset allocation and total portfolio view. Asset allocation must support Nest Invest’s multi-level fund-of-funds structure, model-driven strategic and tactical allocation, portfolio modelling and optimisation, configurable limits and tolerances, rebalancing, restrictions, approvals, audit trails, scenario analysis and implementation outputs. Total portfolio view must consolidate public and private asset positions, exposures, performance and available look-through data across the fund structure. The scope also covers licensing or subscription, configuration, integration, migration from the incumbent IRP solution, testing, training, go-live support, hosting, maintenance and technical support. Delivery is electronic as a hosted service for Nest Invest in the United Kingdom.

The process has reached tender: NEST invited offers through an open competitive flexible procedure under the Procurement Act 2023. It has a supplier-selection stage followed by full tender submissions, written evaluation, scored demonstrations for up to three highest-ranked suppliers, and final evaluation. Enquiries closed on 7 September 2026 at 17:00, and tender submissions were due by 7 October 2026 at 17:00 through the Bravo e-tendering portal. The contract is expected to run from 1 January 2027 to 31 December 2031, with discretionary extensions of two years and then one year, up to 31 December 2034. Its estimated value is £7.3 million excluding VAT, or £8.74 million including VAT. Quality carries 85%: Asset Allocation 68% and Total Portfolio View 17%; price carries 15%.

This opportunity suits an established investment technology supplier able to provide and support a production-ready hosted platform covering both asset allocation and total portfolio view. Strong candidates will need demonstrable capability in multi-level fund-of-funds modelling, strategic and tactical allocation, optimisation, restrictions, rebalancing, workflow approvals, auditability, scenario analysis and implementation instructions. The platform must consolidate public and private investment data, including positions, exposures, performance and look-through information where available. Suppliers should also be equipped to configure the system for NEST, integrate retained administrator and custodian data and a planned cloud data platform through interfaces and APIs, and manage migration from the incumbent IRP solution. Delivery capability must include testing, user acceptance support, training, documentation, transition, hosting, maintenance, technical support and product-roadmap services, alongside completion of the required supplier and information-security assessments.

## Notice

Nest is seeking to appoint one supplier to provide, implement and support one hosted software-as-a-service solution for Nest Invest, comprising two mandatory capabilities: Asset Allocation and Total Portfolio View. The Asset Allocation capability must support Nest Invest's multi-level fund-of-funds structure and its controlled, model-driven asset allocation process. This includes strategic and tactical asset allocation, portfolio modelling and optimisation, configurable targets, limits and tolerances, portfolio rebalancing, asset restrictions, workflow and approval controls, auditability, scenario analysis and the generation of implementation instructions or outputs for downstream parties. The Total Portfolio View capability must provide a consolidated view of Nest Invest's portfolio across public and private assets, including positions, exposures, performance and look-through information where available. It must support aggregation and analysis across Nest Invest's fund structure. The supplier will be required to provide software licensing or subscription services; implementation and configuration; integration with retained data sources and Nest Invest's planned cloud data platform through appropriate data interfaces and APIs; transition and migration from the incumbent IRP solution; testing and user acceptance support; training and documentation; go-live and transition support; and ongoing hosting, maintenance, technical support and product-roadmap services. The solution must be configured for Nest Invest and supplied electronically as a hosted service. Investment and portfolio data will be received from retained sources, including the fund administrator and custodian, and the solution must generate the required information, reporting and implementation outputs for Nest Invest and its downstream processes. The contract will be awarded to one supplier for an initial term of five years. Nest may extend the contract for an additional two years and subsequently for a further one year, giving a maximum potential term of eight years. The contract does not guarantee any minimum volume of services or minimum expenditure.

### Lot Information

Lot 1

Renewal: Nest may, at its discretion, extend the contract on the same terms for an initial extension period of two years. Following that extension, Nest may, at its discretion, extend the contract for one further period of 12 months. The extensions may be exercised where Nest has a continuing requirement for the services and considers that extending the contract is appropriate, taking account of supplier performance, service continuity, value for money, ongoing business requirements, available budget and relevant internal approvals. The maximum extension period is three years, comprising: an initial extension of two years, estimated from 1 January 2032 to 31 December 2033; and a further extension of 12 months, estimated from 1 January 2034 to 31 December 2034.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/081383-2026 |
| Notice type | UK4 - Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Competitive flexible procedure |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Tender |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 26 Aug 2026 |
| Submission deadline | 7 Oct 2026 |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 1 Jan 2027 - 31 Dec 2031 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £7,300,000 |
| Lots value | £7,300,000 |
| 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) Corporation |
| Additional buyers | 1 |
| Locality | LONDON |
| Postcode area | 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

- 72 - IT services: consulting, software development, Internet and support

### Codes

- 72227000 - Software integration consultancy services
- 72261000 - Software support services
- 72263000 - Software implementation services
- 72268000 - Software supply services

## Release History

- 26 Aug 2026 at 14:37 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/081383-2026
- 25 Aug 2026 at 14:55 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/080903-2026
- 24 Aug 2026 at 17:46 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/080578-2026
- 24 Aug 2026 at 17:46 - TenderUpdate - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/080577-2026
- 24 Aug 2026 at 17:15 - Tender - UK4 - Tender Notice - https://www.find-tender.service.gov.uk/Notice/080568-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/081383-2026
  26th August 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/080903-2026
  25th August 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/080578-2026
  24th August 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/080577-2026
  24th August 2026 - Tender notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/080568-2026
  24th August 2026 - Tender notice on Find a Tender

## Notice URLs

- https://nesttenders.bravosolution.co.uk/
- 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-06eafd. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-06eafd.json.