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| Source: | Find a Tender Service (FTS) |
| Notice Type: | Award notice |
| Buyer: | National Employment Savings Trust (NEST) Corporation |
| Main Category: | — |
| Procurement Method: | Award under framework |
| Tender Status: | Closed |
| Estimated Value (ex. VAT): | Not specified |
| Release Date: | 8 October 2026 |
| Application Deadline: | — |
| Contract Start Date: | 8 October 2026 |
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Awarded to
| Award value: | £275,000 |
| Award decision date: | 29 September 2026 |
| Award status: | Active |
The Supplier will provide the services outlined below: Critical path items for FY2026/27 (ending 31 March) • Drawn from Co-design phase 2 project plan: o Review of relevant provisions of draft Umbrella Terms with insurer (first pass) o Complete design of annual process for determining income payable from 67-84 o Exits and entrants o Premium payment and price-lock (liaising with Hymans, Rothesay and nest to confirm appropriateness of proposal) o Cohort annuity purchase process • Supporting the TCS build: o NGRF closure and initial cohort set-up o Income initiation pricing process o Wider WTW support on engagement with TCS (e.g. alternatives to the dummy member approach for setting mid-year cohort pricing) o Umbrella terms (second pass) • Modelling support o Regular calls with Will on latest modelling, including methodology discussions and point estimate reviews
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| 31 March 2027 |
| Contract Duration: | 6 months |
| Procurement ID (OCID): | ocds-h6vhtk-078386 |
| Notice Reference: | 095103-2026 |