Find a Tender Service
Retirement consultancy Framework
National Employment Savings Trust (NEST) Corporation
Awarded
services
Framework agreement
This tender has closed
The submission deadline for this contract has passed. There may be more active services tenders from National Employment Savings Trust (NEST) Corporation, and hundreds more across the UK public sector.
Key details
Contracting authority
National Employment Savings Trust (NEST) Corporation
Public authority - central government
Region
London
Contract value
Not stated by buyer
Submissions closed
Not stated by buyer
Published
8 October 2026
Procurement
Contract period
9 October 2026 - 31 March 2027
5 months
Procedure type
Award under framework
CPV classifications
- 66171000 Financial consultancy services
What happened
National Employment Savings Trust (NEST) Corporation awarded this contract to Willis Towers Watson worth £275,000 on 30 Sept 2026. The contract runs until 31 Mar 2027.
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:
- Review of relevant provisions of draft Umbrella Terms with insurer (first pass)
- Complete design of annual process for determining income payable from 67-84
- Exits and entrants
- Premium payment and price-lock (liaising with Hymans, Rothesay and nest to confirm appropriateness of proposal)
- Cohort annuity purchase process
- Supporting the TCS build:
- NGRF closure and initial cohort set-up
- Income initiation pricing process
- Wider WTW support on engagement with TCS (e.g. alternatives to the dummy member approach for setting mid-year cohort pricing)
- Umbrella terms (second pass)
- Modelling support
- Regular calls with Will on latest modelling, including methodology discussions and point estimate reviews
Awarded supplier
Contact
Address
10 South Colonnade, Canary Wharf, London, E14 4PU
Email
Identifiers
Buyer reference
TEN2627-037 lot 3 call off no 2
Notice ID
095103-2026
OCID
ocds-h6vhtk-078386
Explore related tenders
External ID: fts-ocds-h6vhtk-078386 • Added 8 October 2026