TEN-2425-042 Co-Design and Provision of a Bulk Deferred Annuity
Details
- Topic
- Pension investment services
- Published
- 25 April 2025
- Submission
- 14 April 2025
- Source
- uk:find_a_tender
Tender description
Nest was seeking an insurer to partner with to develop a bulk deferred annuity. We anticipate that the supplier appointed to partner with Nest for the co-design period would also be appointed to be the provider of the bulk annuity to Nest for an exclusive period. Due to the complexity of the service and contract, the procurement was run as a full over threshold competitive flexible procedure with various stages.
Timeline
- Completed: Pre-tender published25 April 2025Current notice
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. Every tender is advertised on the Find a Tender Service, in line with the Procurement Act 2023. Suppliers register on NEST's BravoSolution e-tendering portal to bid for opportunities. Framework agreements cover specialist services such as retirement consultancy, and suppliers must follow NEST's Supplier Code of Conduct. The procurement team manages contracting activity and can be contacted directly by suppliers.
Procurement spend from central entities makes up 66% of overall UK public spend.
Over the past 5 years, most of NEST's contract awards have been in financial and insurance services, business services and IT services.
Relevant CPV codes
- 66131100 · Pension investment services
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@national-employment-savings-trust-nest-corporation.gov |
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