Retirement Consultancy Services Framework

National Employment Savings Trust (NEST) Corporation

Published: Jun 30, 2026

Updated: Jul 14, 2026

Source: uk_fts

This tender has been awarded

Awarded to HYMANS ROBERTSON LLP — £3,000,000

Browse open Governance & Public Administration tenders in United Kingdom

About This Opportunity

This is a consulting contract in the governance and public administration sector. Located in United Kingdom, Europe, this opportunity is open to firms and consortiums.

Published through UK FTS - Find a Tender Service, a national government procurement portal. Public procurement tenders follow the country's national bidding regulations and may have specific eligibility and documentation requirements for consulting in the governance and public administration sector. Consulting assignments are typically evaluated with a strong emphasis on the technical proposal, including the methodology and qualifications of key experts. Shortlisted firms may be invited to submit financial proposals in a second stage. This contract has already been awarded. The information is published for transparency and market intelligence purposes.

Description

Specialist consultancy support for the development of the organisational model and development of the investment approach.
Lot 1 - Decumulation expertise, scheme and product design
a) DC decumulation pensions market capability, expertise in UK market for DC pension provision, specifically in decumulation, and the latest policy, regulatory and industry developments.
b) Capability in UK decumulation pension scheme design that enables the pooling of longevity and other risks, in a money purchase or other legislative/regulatory context.
c) Decumulation product design - capability in all stages of decumulation product design, from user research, to translating member needs into design principles, detailed product design, and implementation.
Lot 2 - Bulk Insurance and Risk Transfer
a. Actuarial expertise and advisory services on longevity risk transfer mechanisms for defined contribution schemes, including buy-ins, buy-outs, and longevity swaps - encompassing pricing analysis, structuring, transaction execution, investment considerations, and ongoing governance and administration.
b. Experience of developing approaches to longevity risk transfer for defined contribution schemes.

Data provenance

This notice is sourced from UK FTS - Find a Tender Service and was originally published on June 30, 2026. Last refreshed 24 days ago. Reference: 061043-2026. BidsFactory mirrors official procurement notices and links back to the source for full legal text.

About National Employment Savings Trust (NEST) Corporation

National Employment Savings Trust (NEST) Corporation has issued 31 procurement notices on BidsFactory, including 0 currently open and 28 awarded contracts. Activity concentrates in Governance & Public Administration, Information & Communication Technology, and General Supplies & Services. All notices are published for United Kingdom. Notices are distributed via UK FTS - Find a Tender Service. Most recent publication: July 21, 2026.

Frequently asked questions about this tender

Who is the contracting authority?

This notice was issued by National Employment Savings Trust (NEST) Corporation in United Kingdom. The authority is responsible for evaluating bids, awarding the contract, and managing performance.

What type of contract is this?

This is a Consulting contract in the Governance & Public Administration sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.

How much was the contract awarded for?

HYMANS ROBERTSON LLP was awarded the contract for £3,000,000. The figure reflects the value disclosed by the contracting authority in the award notice.

Where will the contract be performed?

The contract is for delivery in United Kingdom. Foreign bidders should review local registration, taxation, and any in-country presence requirements before submitting.

How can I submit a bid?

Visit UK FTS - Find a Tender Service to access the full notice, required documents, and submission instructions. Quote reference 061043-2026 when communicating with the contracting authority.

Is this tender still open?

No — the contract has already been awarded to HYMANS ROBERTSON LLP. The award notice is archived on BidsFactory for transparency and market intelligence.