Retirement consultancy Framework
National Employment Savings Trust (NEST) Corporation · London
Key facts
- Contract value
- £275,000
- Awarded
- 29 Sep 2026
- Contract starts
- 08 Oct 2026
- Contract ends
- 31 Mar 2027
- Procedure
- Award under framework (framework)
- Buyer type
- Other public body
- Source
- Find a Tender
Awarded to
| Supplier | Value |
|---|---|
| Willis Towers Watson | £275,000 |
Description
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
Categories (CPV)
- 66171000 Financial consultancy services
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