Closed tender

TEN-2425-026 Annuity Brokerage Service

Details

Topic
Insurance and pension services
Published
25 November 2024
Submission
10 January 2025

Tender description

Nest is looking to launch an annuity service for members that would go live in April 2025. Lot 1: Initially, our expectation is that it will be a signposted service that is linked to via the Nest member portal and within our retirement withdrawal journey. We may consider introducing data sharing or integrating the service into our retirement journey in the future, if user behaviour supports this development.

Timeline

  1. Completed: Tender published25 November 2024
    Current notice
  2. Completed: Submission date10 January 2025

About the buyer

National Employment Savings Trust (NEST) Corporation is a non-departmental public body accountable to the Department for Work and Pensions, and runs the UK's largest workplace pension scheme by membership as trustee. NEST was established in July 2010. The procurement team manages contracting activity and can be contacted directly by suppliers.

Over the past 5 years, most of NEST's contract awards have been in financial and insurance services, business services and IT services.

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Decision makers

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