---
title: "retirement consultancy services"
ocid: "ocds-h6vhtk-078044"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-078044"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-078044.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-078044.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "Nest Corporation"
published: "2026-10-05"
---

# retirement consultancy services

Buyer: Nest Corporation  
Current stage: Award  
OCID: ocds-h6vhtk-078044

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-078044)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-078044.json)

## Summary

The National Employment Savings Trust (NEST) Corporation bought independent retirement and financial consultancy services to assess Rothesay’s pricing approach for a unique longevity-linked pension insurance solution. The work covers review of mortality assumptions and NEST member data, including how untraced members and age-related mortality adjustments are treated. It also includes assessing the use of LexisNexis tracing results and Mosaic affluence categories, comparing Rothesay’s prices with the wider bulk annuity market, and advising whether the terms offer value for money. The consultant is also to help improve NEST’s data quality. The procurement is classified as financial consultancy. The stated delivery country is the United Kingdom.

The procurement is complete and the contract was awarded to Hymans Robertson LLP. NEST used a selective procedure as a call-off under a framework, below the applicable threshold; the call-off was non-competitive. The contract was signed on 24 September 2026 and runs from 25 September 2026 to 31 March 2027. Its value is £80,000 excluding VAT (£96,000 including VAT). The requirement was structured as one lot, and that lot is complete. The published information describes the consultancy tasks but does not set out the evaluation criteria or a separate award date.

For future work of this kind, a credible supplier would need to combine pensions and bulk annuity market knowledge with actuarial expertise in longevity risk, mortality assumptions and pricing. Relevant capability includes analysing scheme-specific mortality experience, assessing adjustments across member ages, and developing defensible approaches to members who cannot be traced. Suppliers should also be able to evaluate member-tracing data and the use of demographic segmentation tools such as Mosaic, benchmark insurer pricing against the wider market, and provide independent value-for-money advice on a tailored longevity-linked solution. The requirement also favours practical experience improving pension-scheme data quality. This is specialist consultancy for a national pension scheme, delivered through a framework call-off rather than an open competition.

## Notice

The Supplier will provide the services outlined below: * Review of key judgement decisions made by Rothesay in their approach to setting longevity assumptions for pricing, including: o Weight applied to Nest mortality experience data when setting pricing basis. o Approach to mortality experience adjustments across ages. o Approach to treating untraced members in mortality experience data when performing analysis. * Review of LexisNexis tracing results and consideration of alternative approaches to treating untraced members. * Review of mortality experience data and consideration of alternative approaches to applying mortality experience adjustments. * Analysis of Rothesay's approach of using Mosaic and advice on the suitability of Mosaic to rank and categorise members into different affluence groups. * Analysis of Rothesay's pricing compared to pricing observed in the wider bulk annuity market. * Providing an independent view on the value for money of Rothesay's pricing terms, as applied to the unique LLPI solution. * Assisting in work undertaken to improve Nest data quality.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/093597-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Below threshold - award under framework |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 5 Oct 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 25 Sep 2026 - 31 Mar 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £80,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Complete |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | Nest Corporation |
| 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 |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | Hymans Robertson LLP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66170000 - Financial consultancy, financial transaction processing and clearing-house services

## Release History

- 5 Oct 2026 at 08:49 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/093597-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/093597-2026
  5th October 2026 - Contract details notice on Find a Tender

## Notice URLs

- http://www.hymans.co.uk
- 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-078044. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-078044.json.