Awarded contract

Retirement consultancy Framework

Details

Buyer: National Employment Savings Trust (NEST) Corporation
Supplier(s): WILLIS LIMITED
Value: £275,000
Duration: 6 months
Topic: Financial consultancy services
Published: 8 October 2026
Source: uk:find_a_tender

Tender description

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 ## Contract award

Timeline

Completed: Award date30 September 2026
Completed: Award published8 October 2026
Current notice
Next: Contract expiry date31 March 2027in 5 months

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.

Relevant CPV codes

66171000 · Financial consultancy services

Decision makers

Connect with the people behind this procurement.

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