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In deliveryUnited KingdomServicesFramework agreement£3,000,000

TEN-2526-037 (PA2023) Retirement Consultancy Framework - Lot No 2, Call-Off No 1

Published
Published 19 January 2026
Deadline
Closed 13 February 2026
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Overview

NEST Corporation has awarded a call-off under its Retirement Consultancy Framework (Lot 2) to five firms—Hymans Robertson LLP, Lane Clark & Peacock LLP, Sopra Steria Limited, Towers Watson Limited, and Willis Towers Watson—for a total contract value of £12.85 million. The scope includes retirement product design consultancy covering annuity transfer value analysis, value-for-money assessment, bulk annuity terms negotiation, and operational process development for a lifetime partner income product, with delivery activities scheduled from May through August 2026.

Key details

Country
United Kingdom
Status
In delivery
Category
Services
Estimated value
£3,000,000
Procedure
Open
Contract type
Framework agreement
Published
19 January 2026
Questions by
26 January 2026
Deadline
Closed
Classification (CPV)
Pension fund consultancy services

Award outcome

Awarded value
£12,850,000
Award date
30 June 2026
Contract period
31 March 2026 → 31 March 2030
Winners
  • HYMANS ROBERTSON LLP
  • LANE CLARK & PEACOCK LLP
  • SOPRA STERIA LIMITED
  • TOWERS WATSON LIMITED
  • Willis Towers Watson

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Notice history

Every published notice in this contracting process, newest first.

  1. Contract

    20 July 2026

    View notice ↗

  2. Contract

    20 July 2026

    View notice ↗

  3. Contract

    30 June 2026

    View notice ↗

  4. Contract

    25 June 2026

    View notice ↗

  5. Contract

    7 May 2026

    View notice ↗

  6. Contract

    23 April 2026

    View notice ↗

  7. Contract

    2 April 2026

    View notice ↗

  8. Contract

    13 March 2026

    View notice ↗

  9. Contract Notice

    19 January 2026

    View notice ↗

Contracting authority

  • National Employment Savings Trust (NEST) Corporation

    Buyer

    London, United Kingdom

    GB-PPON: PQGC-5667-VDDT

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