Lot 3, Call-Off 1
National Employment Savings Trust (NEST) CorporationEstimated Value
Up to £450,000
Deadline
Not specified
Published
10 August 2026
Type
Not specified
Overview
This Contract Award Notice was published previously, however, did not have the unique OCID number attached to it due to administrative errors. This is a republishing of the Award Notice using today's date.
The Supplier will organise workshops, in 'sprint'-style format, to support Nest Invest to form views on design aspects or operational approaches for its retirement income blueprint, which include but are not limited to the following: 1. Assessment of choice of CMA model, and support making any changes 2.
Income calibration sessions (setting initial income, high-level investment strategy, adjusting the income framework) 3. Approach for early retirees (reducing volatility though income framework) 4.
Additional details
Choice of comparator annuities 5. Detailed decisions on co-horting (age-related simplifications and allowing for significant market movements, also related work on cross subsidies) 6.
Detailed investment strategy considerations 7. Price-lock considerations with the insurer 8.
Governance of cohorts The supplier will also prepare pre-reading materials and papers documenting the outcomes of workshops, for subjects relating to the retirement income blueprint, including the subjects above. The supplier will also carry out related relevant actions to support the design of the income distribution approach and associated modelling.
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Award Details
Willis Towers Watson
£450,000
Likely incumbents
Suppliers who won similar work from this buyer in the last 5 years.
- 1
ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED
£2m
total awarded
- 2
HYMANS ROBERTSON LLP
£3m
total awarded
- 3
Willis Towers Watson
£1m
total awarded
- 4
SANDERSON EXECUTIVE LIMITED
£75,700
total awarded
- 5
CEM BENCHMARKING UK LIMITED
£123,000
total awarded
ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED is the most likely incumbent based on recency and category match. To win, bidders typically need a clearly differentiated proposition or a price advantage.
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Buyer Profile
National Employment Savings Trust (NEST) CorporationKey Dates
Published
10 August 2026
Submission deadline
Not specified
Notice type
award
Source
find a tender
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