Expired contract

TEN- 2526-011 - Lot 2 - Call off no 6

Details

Value
£318,050
Duration
3 months
Topic
Financial consultancy, financial transaction processing and clearing-house services
Published
13 July 2026

Tender description

Background Building on work completed to date and the progress made with embedding and finalising elements of the Target Operating Model ('TOM') in Phase 4, Nest Invest is seeking a partner to work with the team over the course of the next phase ('Phase 4b') to continue preparations for the natural transition of the model to full Nest Invest ownership, as part of BAU, and to complete additional deliverables for the senior team related to Nest Invest's ongoing organisational evolution. The objectives of this phase are as follows:  Delivery Objective: Complete the finalisation of operating model design and the embedding of key components within Nest Invest's business as usual activities and build out Nest Invest's internal capacity and capability so that its functions are ready to take over ongoing model development and maintenance as part of a world-class investment function.  Cultural Objective: Embed ownership of the operating model within Nest by actively involving teams in implementation activities and capability building, fostering long-term ownership and accountability. ## Contract award

Timeline

  1. Completed: Award published13 July 2026
    Current notice
  2. Completed: Award date13 July 2026
  3. Completed: Contract expiry date30 September 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. 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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