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
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Overview
Contracting authority
46 awarded contracts
London, United Kingdom
GB-PPON: PQGC-5667-VDDT
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Lots (4)
Decumulation expertise, scheme and product design.
£3,000,000Won by HYMANS ROBERTSON LLPWon by TOWERS WATSON LIMITEDWon by LANE CLARK & PEACOCK LLPBulk Insurance and Risk Transfer
£3,400,000Won by HYMANS ROBERTSON LLPLongevity Analysis and Modelling
£3,450,000Won by TOWERS WATSON LIMITEDWon by Willis Towers WatsonMember 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 procedure
- Rules
- Procurement Act 2023
- Contract type
- Framework agreement
- Published
- 19 January 2026
- Questions by
- 26 January 2026
- Deadline
- Closed
Award outcome
- Awarded value
- £12,850,000
- Award date
- 30 June 2026
- Contract period
- 31 March 2026 → 31 March 2030
- Contract length
- 4 years
- Against estimate
- 328% above
- Bids received
- 1
- HYMANS ROBERTSON LLP
- LANE CLARK & PEACOCK LLP
- SOPRA STERIA LIMITED
- TOWERS WATSON LIMITED
- Willis Towers Watson
This contract ends on 31 March 2030.
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Competition and scoring
Bids received
1
Open and restricted tenders in Financial and insurance services drew a median of 3 bids over the last 24 months; 21% received only one.
How bids were scored
Price 20% · Quality 80%
- Experience and Capability50%
- Proposed Team30%
- Cost20%
Price and cost criteria in black, quality in blue.
Market context
Typical award in Financial and insurance services
£120,000
Median of 2,338 awards in the last 24 months
This award is 107.1× the median.
National Employment Savings Trust (NEST) Corporation in the last 12 months
48
contracts awarded, worth £26,054,654 in total
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Notice history
Every published notice in this contracting process, newest first.
Contract
20 July 2026
Contract
20 July 2026
Contract
30 June 2026
Contract
25 June 2026
Contract
7 May 2026
Contract
23 April 2026
Contract
2 April 2026
Contract
13 March 2026
Contract Notice
19 January 2026
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