United Kingdom11 days leftOpen

TEN-2526-037 (PA2023) Retirement Consultancy Framework

Tender Overview

LOCATION

United Kingdom, United Kingdom

VALUE

£3,600,000

DEADLINE

February 13, 2026 at 12:00

CATEGORY

Other

CPV CODE

66523000

REFERENCE

004207-2026

Project Timeline

Contact Information

View Original

Original Tender 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. Lot 1 - Decumulation expertise, scheme and product design Lot 2 - Bulk Insurance and Risk Transfer Lot 3 - Longevity Analysis and Modelling Lot 4 - Member Experience and Communications
⚠️

MANDATORY EXCLUSION GROUNDS

  • No specific mandatory exclusion grounds are detailed in the provided information. Bidders should refer to the full tender documents for standard public procurement exclusion criteria.

ELIGIBILITY REQUIREMENTS

  • No specific eligibility requirements (e.g., legal form, registration) are detailed in the provided information. Bidders should refer to the full tender documents.
🔧

TECHNICAL CAPABILITY REQUIREMENTS

  • Ability to provide pension fund consultancy services.
  • Capability to support the evolution of NEST's retirement offering.
  • Ability to provide flexible consultancy support across a broad range of capabilities.
  • Expertise in Decumulation expertise, scheme and product design (for Lot 1).
  • Expertise in Bulk Insurance and Risk Transfer (for Lot 2).
  • Expertise in Longevity Analysis and Modelling (for Lot 3).
  • Expertise in Member Experience and Communications (for Lot 4).
  • Ability to provide services under a four-year Framework Agreement.
💰

FINANCIAL REQUIREMENTS

  • No specific financial requirements (e.g., minimum turnover, insurance) are detailed in the provided information. Bidders should refer to the full tender documents.
📋

SUBMISSION REQUIREMENTS

  • Submit bids by the deadline: 2026-02-13T12:00:00+00:00.

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DOC
OCDS Record
OCDS Data004207-2026_ocds_record.json
Summary:
This OCDS Record provides structured, machine-readable data detailing the National Employment Savings Trust (NEST) Corporation's open tender for a four-year framework agreement for pension fund consultancy services across four lots.
DOC
OCDS Release Package
OCDS Data004207-2026_ocds_release.json
Summary:
This document provides structured Open Contracting Data Standard (OCDS) information related to NEST Corporation's framework agreement for consultancy services across decumulation, insurance, longevity, and member experience.
PDF
Official PDF Version
General Information004207-2026_official.pdf
Summary:
This document is a tender notice from NEST Corporation for a four-year Framework Agreement seeking consultancy services across four lots: Decumulation expertise, Bulk Insurance and Risk Transfer, Longevity Analysis and Modelling, and Member Experience and Communications.
HTM
Tender Notice
Administrative Documents004207-2026.html
Summary:
NEST Corporation is seeking consultancy services for a four-year Framework Agreement to evolve its retirement offering, covering decumulation, bulk insurance, longevity analysis, and member experience across four distinct lots, with an estimated value of £3 million.

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62
Good

Tender Quality Score

This tender provides a clear description of the services required but suffers from significant gaps in critical information such as evaluation criteria and detailed eligibility requirements, impacting fairness and legal compliance.

Score Breakdown

Legal Compliance65/100

The tender defines the procedure type and CPV codes correctly. However, the absence of specified evaluation criteria and the missing reveal date are significant legal compliance issues, impacting transparency and equal treatment. The 24-day window for submission from today's date is generally reasonable for an open procedure, but the full advertising period cannot be confirmed.

No evaluation criteria specified
Missing reveal date
Clarity60/100

The description of the framework agreement and its four lots is clear and unambiguous. However, the critical absence of evaluation criteria and the need to refer to full tender documents for basic requirements (mandatory exclusion, eligibility, financial) significantly reduce the overall clarity of the provided overview.

No evaluation criteria specified
Basic requirements (exclusion, eligibility, financial) not detailed in summary
Completeness65/100

Basic information such as title, reference, organization, value, duration, and CPV/NUTS codes are complete. However, the tender is incomplete due to the missing reveal date and, more critically, the absence of specified evaluation criteria and detailed mandatory exclusion, eligibility, and financial requirements in the summary.

No evaluation criteria specified
Basic requirements (exclusion, eligibility, financial) not detailed in summary
Fairness55/100

The estimated value is disclosed, and technical requirements appear generic and not tailored. However, the complete lack of specified evaluation criteria is a major fairness concern, as bidders cannot understand the basis of award. Additionally, the absence of electronic submission capabilities creates an unnecessary barrier to equal access.

No evaluation criteria specified
No e-submission
Practicality65/100

The contract start date and duration are clearly specified. However, the lack of electronic submission support is a significant practical drawback in modern procurement, potentially complicating the bidding process for suppliers.

No e-submission
Data Consistency80/100

Key fields such as title, reference, organization, value, deadlines, and duration are populated and consistent. There are no disputes or suspensions. Minor data gaps include an empty 'Liable Person' field, missing 'Type/Procedure Code', and the absence of a reveal date.

Liable Person field empty
Type/Procedure Code empty
Sustainability20/100

The tender shows a complete absence of sustainability considerations, with no mention of green procurement, social aspects, or innovation focus. It is also not EU funded, which often correlates with higher sustainability standards.

Not green procurement
No social criteria

Strengths

Clear description of services and lots
Estimated value disclosed and contract duration/start date specified
CPV code and NUTS code provided
Documents are available for reference
Technical requirements do not appear tailored to a specific company

Concerns

Critical absence of specified evaluation criteria
Lack of electronic submission capabilities
Basic requirements (exclusion, eligibility, financial) not detailed in the summary
Missing reveal date for the tender
Complete absence of sustainability, social, or innovation considerations

Recommendations

1. Immediately publish clear and comprehensive evaluation criteria to ensure transparency and fairness.
2. Enable electronic submission to enhance accessibility and streamline the bidding process.
3. Provide full details for mandatory exclusion, eligibility, and financial requirements within the main tender notice or easily accessible linked documents.

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B
Tender Quality Score
62/ 100 · Good

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