RFP QuestBeta
ClosedStage · contract

National Employment Savings Trust (NEST)

TEN-2324-041 Retirement Solution Services

R&DCPV 73000000 73200000
Value£99k
Deadline12 Apr 2024
Published16 May 2024
RegionLondon
Timeline
Published 16 May 2024ClosedCloses 12 Apr 2024
Contract value in context
£99ktotal contract value
median £66k
this tender£0£561k

This sits in the upper-middle of the Research & Development band — a substantial contract for the sector. Based on 20,405 valued Research & Development tenders in our corpus.

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The brief

Research project is being commissioned to provide insight into three broad areas: The introduction of flexible access drawdown.

This might be described as the 'do it myself' option, where individuals want complete control.

It would sit alongside the current self-managed options outlined on our website - taking all their pot in one lump sum, with the first 25% paid tax free, and taking ad hoc or regular withdrawals from their pot with 25% of every withdrawal being paid tax free (what is known technically as an uncrystallised fund lump sum withdrawal).

The evolution of our lifelong income solution (building on the current Nest Guided Retirement fund and introducing a deferred annuity element).

In contrast to flexible access drawdown this might be described as the 'do for me' option, where Nest takes the responsibility to delivering a sustainable lifelong income and the on-going decisions an individual must make are minimal.

The supporting communication, tools and guidance that aids member decision making.

Key requirements

What the supplier must deliver

01

Research project is being commissioned to provide

Research project is being commissioned to provide insight into three broad areas:.

02

In contrast to flexible access drawdown this

In contrast to flexible access drawdown this might be described as the 'do for me' option, where Nest takes the responsibility to delivering a sustainable lifelong income and the on-going decisions an individual must make are minimal.

Derived from the notice text — always confirm against the original documents.

Buyer intelligence

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Source & provenance
OCID
bed56229-5d82-40a1-8dc2-6a6ee0f5e030
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
tender_429796/1356634
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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