TEN-2526-037 (PA2023) Retirement Consultancy Framework - Lot No 2, Call-Off No 1
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
May: Preparation and attendance at regular project calls.
Reviewing the project plan and work to develop the project plan for Co-design Cycle 2.
Production of a decisions log to record the agreed design structure
Work in respect of the annuity transfer value design, including:
Preparation for and attendance at the meeting on 12 May to discuss Rothesay's initial analysis
Preparation of paper "Review of Rothesay's transfer value analysis" dated
May 2026
Preparation for and attendance at the meeting on 29 May to discuss and agree the annuity transfer value design
Initiating the Value for Money workstream, including outlining potential elements of the Value for Money process for Rothesay's review
Further work in respect of the approach to managing different annuity rates, including liaising with Rothesay in respect of sample annuity pricing.
June:
Further analysis and advice in relation to allowing for different characteristics in member incomes & managing different annuity rates, including a workshop on 18 June and updating decision log
Liaising with Nest & Rothesay in respect of assessing the Value for Money of annuity pricing
Reviewing the bulk annuity umbrella terms
Reviewing and updating the co-design cycle 2 project plan
Attendance at regular project management/ governance calls
July:
Further analysis and advice in respect of allowing for affluence in member incomes from age 75, including further workshop attendance
Further review and negotiation of bulk annuity terms, including reflecting Value for Money terms
Further support in initiating co-design cycle 2
Attendance at regular project management/ governance calls
August:
Continue to provide input, ideas and challenge to discussions/negotiations with Nest and the insurer on operational aspects of the product design (including, for example, continuation of income on death, transfer values for divorce, cohort cut-off dates, frequency of payment, date of first and last
payment to members, product launch)
Support the development and negotiation of the necessary operational processes to support the LLPI product, bringing insights from our bulk annuity experience, including consideration of:
Member existence and movement reporting
Provision of data to/ from TCS and Nest
Member event processes (e.g. deaths, transfer values)
"Future proofing" operational approaches so they would be expected to work for different insurers in future
Further review and negotiation of the bulk annuity product terms as required
Attendance at regular project management/governance calls
Data provenance
This notice is sourced from UK FTS - Find a Tender Service and was originally published on July 20, 2026. Last refreshed 4 days ago. Reference: 068393-2026. 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
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 068393-2026 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.
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 £400,000. The figure reflects the value disclosed by the contracting authority in the award notice.
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