TEN-2526-037 (PA2023) Retirement Consultancy Framework

{
  "buyer": {
    "id": "GB-PPON-PQGC-5667-VDDT",
    "name": "National Employment Savings Trust (NEST) Corporation"
  },
  "date": "2026-01-19T10:09:22Z",
  "id": "004207-2026",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-06085f",
  "parties": [
    {
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        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "E14 4PU",
        "region": "UKI42",
        "streetAddress": "10 South Colonnade, Canary Wharf,"
      },
      "contactPoint": {
        "email": "Procurement@nestcorporation.org.uk"
      },
      "details": {
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      "id": "GB-PPON-PQGC-5667-VDDT",
      "identifier": {
        "id": "PQGC-5667-VDDT",
        "scheme": "GB-PPON"
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      "name": "National Employment Savings Trust (NEST) Corporation",
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  ],
  "tag": [
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  "tender": {
    "aboveThreshold": true,
    "awardPeriod": {
      "endDate": "2026-02-27T23:59:59Z"
    },
    "description": "Nest is procuring a Framework Agreement for consultancy services to support us evolve our retirement offering over the next four years, providing us with the means to flexibly draw consultancy support, across a broad range of capabilities, as detailed below. \nLot 1 - Decumulation expertise, scheme and product design\nLot 2 - Bulk Insurance and Risk Transfer\nLot 3 - Longevity Analysis and Modelling\nLot 4 - Member Experience and Communications",
    "documents": [
      {
        "description": "Not published",
        "documentType": "conflictOfInterest",
        "id": "conflictOfInterest"
      },
      {
        "datePublished": "2026-01-19T10:09:22Z",
        "description": "Tender notice on Find a Tender",
        "documentType": "tenderNotice",
        "format": "text/html",
        "id": "004207-2026",
        "noticeType": "UK4",
        "url": "https://www.find-tender.service.gov.uk/Notice/004207-2026"
      }
    ],
    "enquiryPeriod": {
      "endDate": "2026-01-26T17:00:00Z"
    },
    "id": "ocds-h6vhtk-06085f",
    "items": [
      {
        "additionalClassifications": [
          {
            "description": "Pension fund consultancy services",
            "id": "66523000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UK"
          }
        ],
        "id": "1",
        "relatedLot": "1"
      },
      {
        "additionalClassifications": [
          {
            "description": "Pension fund consultancy services",
            "id": "66523000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UK"
          }
        ],
        "id": "2",
        "relatedLot": "2"
      },
      {
        "additionalClassifications": [
          {
            "description": "Pension fund consultancy services",
            "id": "66523000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UK"
          }
        ],
        "id": "3",
        "relatedLot": "3"
      },
      {
        "additionalClassifications": [
          {
            "description": "Pension fund consultancy services",
            "id": "66523000",
            "scheme": "CPV"
          }
        ],
        "deliveryAddresses": [
          {
            "country": "GB",
            "countryName": "United Kingdom",
            "region": "UK"
          }
        ],
        "id": "4",
        "relatedLot": "4"
      }
    ],
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lots": [
      {
        "awardCriteria": {
          "criteria": [
            {
              "name": "Experience and Capability",
              "numbers": [
                {
                  "number": 50,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            },
            {
              "name": "Proposed Team",
              "numbers": [
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                  "number": 30,
                  "weight": "percentageExact"
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              ],
              "type": "quality"
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            {
              "name": "Cost",
              "numbers": [
                {
                  "number": 20,
                  "weight": "percentageExact"
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              ],
              "type": "cost"
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          ]
        },
        "contractPeriod": {
          "endDate": "2030-03-31T23:59:59+01:00",
          "startDate": "2026-04-01T00:00:00+01:00"
        },
        "description": "a.\tDC decumulation pensions market capability, expertise in UK market for DC pension provision, specifically in decumulation, and the latest policy, regulatory and industry developments.  \nb.\tCapability in UK decumulation pension scheme design that enables the pooling of longevity and other risks, in a money purchase or other legislative/regulatory context.\nc.\tDecumulation product design - capability in all stages of decumulation product design, from user research, to translating member needs into design principles, detailed product design, and implementation.",
        "id": "1",
        "status": "active",
        "title": "Decumulation expertise, scheme and product design.",
        "value": {
          "amount": 3000000,
          "amountGross": 3600000,
          "currency": "GBP"
        }
      },
      {
        "awardCriteria": {
          "criteria": [
            {
              "name": "Experience and Capability",
              "numbers": [
                {
                  "number": 50,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            },
            {
              "name": "Proposed Team",
              "numbers": [
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                  "number": 30,
                  "weight": "percentageExact"
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              "type": "quality"
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              "name": "Cost",
              "numbers": [
                {
                  "number": 20,
                  "weight": "percentageExact"
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              "type": "cost"
            }
          ]
        },
        "contractPeriod": {
          "endDate": "2030-03-31T23:59:59+01:00",
          "startDate": "2026-04-01T00:00:00+01:00"
        },
        "description": "a.\tActuarial expertise and advisory services on longevity risk transfer mechanisms for defined contribution schemes, including buy-ins, buy-outs, and longevity swaps - encompassing pricing analysis, structuring, transaction execution, investment considerations, and ongoing governance and administration.\nb.\tExperience of developing approaches to longevity risk transfer for defined contribution schemes.",
        "id": "2",
        "status": "active",
        "title": "Bulk Insurance and Risk Transfer",
        "value": {
          "amount": 3000000,
          "amountGross": 3600000,
          "currency": "GBP"
        }
      },
      {
        "awardCriteria": {
          "criteria": [
            {
              "name": "Experience and Capability",
              "numbers": [
                {
                  "number": 50,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            },
            {
              "name": "Proposed Team",
              "numbers": [
                {
                  "number": 30,
                  "weight": "percentageExact"
                }
              ],
              "type": "quality"
            },
            {
              "name": "Cost",
              "numbers": [
                {
                  "number": 20,
                  "weight": "percentageExact"
                }
              ],
              "type": "cost"
            }
          ]
        },
        "contractPeriod": {
          "endDate": "2030-03-31T23:59:59+01:00",
          "startDate": "2026-04-01T00:00:00+01:00"
        },
        "description": "a.\tLongevity modelling and actuarial capability, insight into longevity trends and developments, particularly in the context of the population of pension savers under auto enrolment.\nb.\tCapability in developing actuarial modelling for decumulation solutions. Knowledge and understanding of appropriate capital market assumptions and longevity trends for decumulation.\nc.\tExperience of designing decision frameworks and governance approaches to support Trustees in setting and maintaining income levels in decumulation.",
        "id": "3",
        "status": "active",
        "title": "Longevity Analysis and Modelling",
        "value": {
          "amount": 3000000,
          "amountGross": 3600000,
          "currency": "GBP"
        }
      },
      {
        "awardCriteria": {
          "criteria": [
            {
              "name": "Experience and Capability",
              "numbers": [
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                  "number": 50,
                  "weight": "percentageExact"
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              ],
              "type": "quality"
            },
            {
              "name": "Proposed Team",
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              ],
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            },
            {
              "name": "Cost",
              "numbers": [
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              ],
              "type": "cost"
            }
          ]
        },
        "contractPeriod": {
          "endDate": "2030-03-31T23:59:59+01:00",
          "startDate": "2026-04-01T00:00:00+01:00"
        },
        "description": "a.\tCompetency in crafting intuitive member journeys and clear communication strategies that drive positive retirement outcomes.\nb.\tExpertise in applying user experience methodologies and date led design. \nc.\tProficiency in applying behavioural science techniques and develop evidence-based communication strategies that guide informed retirement decisions.",
        "id": "4",
        "status": "active",
        "title": "Member Experience and Communications",
        "value": {
          "amount": 3000000,
          "amountGross": 3600000,
          "currency": "GBP"
        }
      }
    ],
    "mainProcurementCategory": "services",
    "procurementMethod": "open",
    "procurementMethodDetails": "Open procedure",
    "status": "active",
    "submissionMethodDetails": "https://nesttenders.bravosolution.co.uk",
    "submissionTerms": {
      "electronicSubmissionPolicy": "allowed",
      "languages": [
        "en"
      ]
    },
    "techniques": {
      "frameworkAgreement": {
        "description": "Lot 1 can have more then 1 supplier. \nLots 2, 3 \u0026 4 will have one supplier each.\nA supplier can be awarded any number of lots.  \nWork is awarded via call off Contracts. Pricing for Call offs will be based on rates bid as part of the competitive bid process",
        "maximumParticipants": 4,
        "method": "withAndWithoutReopeningCompetition",
        "type": "closed"
      },
      "hasFrameworkAgreement": true
    },
    "tenderPeriod": {
      "endDate": "2026-02-13T12:00:00Z"
    },
    "title": "TEN-2526-037 (PA2023) Retirement Consultancy Framework",
    "value": {
      "amount": 3000000,
      "amountGross": 3600000,
      "currency": "GBP"
    }
  }
}