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In deliveryUnited KingdomServices

TEN-2425-042 Co-Design and Provision of a Bulk Deferred Annuity

Published
Published 25 April 2025

Overview

Nest was seeking an insurer to partner with to develop a bulk deferred annuity. We anticipate that the supplier appointed to partner with Nest for the co-design period would also be appointed to be the provider of the bulk annuity to Nest for an exclusive period. Due to the complexity of the service and contract, the procurement was run as a full over threshold competitive flexible procedure with various stages.

Key details

Country
United Kingdom
Status
In delivery
Category
Services
Procedure
Open
Published
25 April 2025
Questions by
9 May 2025
Classification (CPV)
Pension investment services

Award outcome

Awarded value
£0
Award date
25 November 2025
Contract period
29 January 2026 → 28 January 2036
Winner
  • ROTHESAY LIFE PLC

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Notice history

Every published notice in this contracting process, newest first.

  1. Contract

    2 February 2026

    View notice ↗
  2. Contract

    16 January 2026

    View notice ↗
  3. Contract Notice

    25 April 2025

    View notice ↗
  4. Prior Information Notice

    25 April 2025

    View notice ↗

Contracting authority

  • National Employment Savings Trust (NEST) Corporation

    Buyer

    London, United Kingdom

    GB-PPON: PQGC-5667-VDDT

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Awarded: TEN-2425-042 Co-Design and Provision of a Bulk Deferred Annuity — won by ROTHESAY LIFE PLC — Skim