Expired contract

TEN -2425 020 Proxy voting research & services

Details

Value
£65,800
Duration
1 year
Topic
Pension fund administration services
Published
4 February 2025

Tender description

Nest requires support to hold our fund managers to account on the voting decisions they take. Each year we focus our efforts on a subset of shares. We compare how our fund managers intend to vote these shares at upcoming general meeting to how our voting policy tells us we would vote in our members' best interests.

Timeline

  1. Completed: Award published4 February 2025
    Current notice
  2. Completed: Award date13 February 2025
  3. Completed: Contract expiry date12 February 2026

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

  • 66523100 · Pension fund administration services

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Decision makers

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