---
title: "Retirement consultancy Framework"
ocid: "ocds-h6vhtk-078386"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-078386"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-078386.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-078386.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "Nest Corporation"
published: "2026-10-08"
---

# Retirement consultancy Framework

Buyer: Nest Corporation  
Current stage: Award  
OCID: ocds-h6vhtk-078386

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## Summary

National Employment Savings Trust (NEST) Corporation commissioned retirement and financial consultancy to support its retirement-income design and implementation work. The assignment covers the design of the annual process for setting income payable to members aged 67–84, handling exits and entrants, premium payments and price locks, and the process for purchasing cohort annuities. It also includes reviewing draft umbrella terms with an insurer and supporting the build of the TCS, including closing the NGRF and setting up the initial cohort, income-initiation pricing and umbrella terms. Further work includes regular modelling discussions and point-estimate reviews. Delivery is in the United Kingdom.

The procurement is complete and the contract was awarded to Willis Towers Watson on 30 September 2026. The award is £275,000 excluding VAT (£330,000 including VAT). The contract period runs from 9 October 2026 to 31 March 2027. NEST selected the supplier through a selective process, making a call-off under an existing framework; the call-off was not competitive. The requirement was handled as one lot. The work supports critical-path items for NEST’s 2026/27 financial year, including retirement-income design, annuity purchasing and TCS implementation. The award is active.

For firms competing for comparable retirement consultancy work with NEST, this award shows demand for specialist advice that connects retirement-income design with operational implementation. Credible suppliers need experience shaping income processes for member cohorts, annuity purchasing, premium payment and price-lock arrangements, and reviewing umbrella terms with insurers. They should also be able to support systems build activities, cohort set-up and pricing, and work collaboratively with other named advisers and NEST. Strong modelling capability matters, including explaining methodology and reviewing point estimates through regular engagement. This is a focused consultancy assignment delivered over a short programme, so suppliers need senior expertise that can address multiple connected workstreams and meet critical-path requirements. The buyer used a framework call-off route, so relevant framework appointment is also important.

## Notice

The Supplier will provide the services outlined below: Critical path items for FY2026/27 (ending 31 March) * Drawn from Co-design phase 2 project plan: o Review of relevant provisions of draft Umbrella Terms with insurer (first pass) o Complete design of annual process for determining income payable from 67-84 o Exits and entrants o Premium payment and price-lock (liaising with Hymans, Rothesay and nest to confirm appropriateness of proposal) o Cohort annuity purchase process * Supporting the TCS build: o NGRF closure and initial cohort set-up o Income initiation pricing process o Wider WTW support on engagement with TCS (e.g. alternatives to the dummy member approach for setting mid-year cohort pricing) o Umbrella terms (second pass) * Modelling support o Regular calls with Will on latest modelling, including methodology discussions and point estimate reviews

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/095103-2026 |
| 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 | 8 Oct 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 30 Sep 2026 |
| Contract period | 9 Oct 2026 - 31 Mar 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £275,000 |
| 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 | 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 | Willis Towers Watson |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 8 Oct 2026 at 11:21 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/095103-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/095103-2026
  8th October 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-078386. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-078386.json.