TEN-2324-041 Retirement Solution Services
National Employment Savings Trust (NEST) · United Kingdom
Key facts
- Contract value
- £99,000
- Awarded
- 23 Apr 2024
- Contract starts
- 06 May 2024
- Contract ends
- 07 May 2025
- Procedure
- Open procedure (below threshold)
- Buyer type
- Other public body
- Source
- Contracts Finder
Awarded to
| Supplier | Value |
|---|---|
| Ignition House | £99,000 |
Description
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.
Categories (CPV)
- 73210000 Research consultancy services
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