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

Awarded to HYMANS ROBERTSON LLP, LANE CLARK & PEACOCK LLP, SOPRA STERIA LIMITED +2 more

National Employment Savings Trust (NEST) Corporation(buyer)

Published
Published 19 January 2026
Deadline
Closed 13 February 2026
See 3 live opportunitiesHow Skim finds tendersView original notice ↗

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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.

Contracting authority

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Reveal decision makers

Lots (4)

  • Decumulation expertise, scheme and product design.

    £3,000,000Won by HYMANS ROBERTSON LLPWon by TOWERS WATSON LIMITEDWon by LANE CLARK & PEACOCK LLP

  • Bulk Insurance and Risk Transfer

    £3,400,000Won by HYMANS ROBERTSON LLP

  • Longevity Analysis and Modelling

    £3,450,000Won by TOWERS WATSON LIMITEDWon by Willis Towers Watson

  • Member Experience and Communications

    £3,000,000Won by SOPRA STERIA LIMITED

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

  2. Contract

    20 July 2026

  3. Contract

    30 June 2026

  4. Contract

    25 June 2026

  5. Contract

    7 May 2026

  6. Contract

    23 April 2026

  7. Contract

    2 April 2026

  8. Contract

    13 March 2026

  9. Contract Notice

    19 January 2026

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