RFP QuestBeta
Awarded · ResultStage · award

National Employment Savings Trust (NEST) Corporation

TEN-2526-037 (PA2023) Retirement Consultancy Framework - LOT NO 3 CALL OFF NUMBER 1 (Willis Towers Watson)

ValueValue not published
Awarded22 Apr 2026
Published20 Jul 2026
RegionNationwide
Outcome — awarded
Willis Towers Watson
Awarded value£450k
Award date22 Apr 2026

This is a contract result notice, not an open opportunity. Details from the official award data.

Who to contact
Procurement@nestcorporation.org.uk

The procurement contact named on the official notice.

The brief

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.

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.

Key requirements

What the supplier must deliver

01

Support Nest Invest to form views on

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:.

02

Assessment of choice of CMA model,

Assessment of choice of CMA model, and support making.

03

The supplier will also carry out related

The supplier will also carry out related relevant actions to support.

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

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Source & provenance
OCID
ocds-h6vhtk-06cf23
Stage
award · Awarded
Source
Find a Tender
Buyer ref
068381-2026
View the original notice on Find a Tender

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

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