TEN-2627-047 (PA2023) – Asset Allocation System

National Employment Savings Trust (NEST) Corporation

Published: Aug 24, 2026

Updated: Aug 24, 2026

Source: uk_fts

About This Opportunity

This is a services contract in the finance and banking and information and communication technology sectors, with a focus on Software, Cloud Services, IT support and Investment. Located in United Kingdom, Europe, this opportunity is open to firms and consortiums, with an estimated budget of GBP 7.3 million. Proposals must be submitted before October 7, 2026.

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 services in the finance and banking sector. Service contracts are typically evaluated on both technical quality and price, and may require bidders to demonstrate relevant experience and qualified personnel. Interested parties should review the full documentation on the original source before submitting their proposal.

Description

Nest is seeking to appoint one supplier to provide, implement and support one hosted software-as-a-service solution for Nest Invest, comprising two mandatory capabilities: Asset Allocation and Total Portfolio View. The Asset Allocation capability must support Nest Invest’s multi-level fund-of-funds structure and its controlled, model-driven asset allocation process. This includes strategic and tactical asset allocation, portfolio modelling and optimisation, configurable targets, limits and tolerances, portfolio rebalancing, asset restrictions, workflow and approval controls, auditability, scenario analysis and the generation of implementation instructions or outputs for downstream parties. The Total Portfolio View capability must provide a consolidated view of Nest Invest’s portfolio across public and private assets, including positions, exposures, performance and look-through information where available. It must support aggregation and analysis across Nest Invest’s fund structure. The supplier will be required to provide software licensing or subscription services; implementation and configuration; integration with retained data sources and Nest Invest’s planned cloud data platform through appropriate data interfaces and APIs; transition and migration from the incumbent IRP solution; testing and user acceptance support; training and documentation; go-live and transition support; and ongoing hosting, maintenance, technical support and product-roadmap services. The solution must be configured for Nest Invest and supplied electronically as a hosted service. Investment and portfolio data will be received from retained sources, including the fund administrator and custodian, and the solution must generate the required information, reporting and implementation outputs for Nest Invest and its downstream processes. The contract will be awarded to one supplier for an initial term of five years. Nest may extend the contract for an additional two years and subsequently for a further one year, giving a maximum potential term of eight years. The contract does not guarantee any minimum volume of services or minimum expenditure.

Data provenance

This notice is sourced from UK FTS - Find a Tender Service and was originally published on August 24, 2026. Last refreshed today. Reference: 080578-2026. 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 38 procurement notices on BidsFactory, including 1 currently open and 34 awarded contracts. Activity concentrates in Governance & Public Administration, Information & Communication Technology, and Finance & Banking. All notices are published for United Kingdom. Notices are distributed via UK FTS - Find a Tender Service. Most recent publication: August 24, 2026.

Frequently asked questions about this tender

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 080578-2026 when communicating with the contracting authority.

When does this tender close?

The submission deadline is October 7, 2026. You have 44 days left to prepare and submit your proposal to the contracting authority.

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 Services contract in the Finance & Banking sector. The classification helps bidders match the opportunity to their qualifications and registered scope of supply.

What is the estimated budget?

The estimated contract value is £7,300,000 - £7,300,000. Bidders should ensure their proposals are consistent with this range and account for any local taxes and contract execution costs.

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.