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    ContractsRetirement Plan Consultancy Services Framework
    Awarded contract

    Retirement Plan Consultancy Services Framework

    Awarded
    £275k
    Published 8 Oct 2026

    Provide retirement plan consultancy services including pension design, insurance coordination, system implementation support, and financial modeling for FY2026/27.

    🇬🇧United Kingdom· LondonPublished 8 Oct 2026· 3 weeks agoviaFind a Tender
    Awarded
    £275k
    Published 8 Oct 2026

    Decision brief

    4 fields
    • Contract value
      £275,000
      Pounds sterling
    • Closing date
      Not published
      No closing date published
    • Sector
      Financial Services
      Browse related listings
    • Location
      🇬🇧United Kingdom
      London

    Suppliers

    1 supplier
    • WT
      WILLIS TOWERS WATSON
    Lead contractor

    Lifecycle

    Awarded

    Contract awarded. Originally published 3 weeks ago.

    8 October 2026
    Awarded — no open tender advertised

    Brief

    This framework engagement provides comprehensive consultancy support for retirement plan implementation and governance during FY2026/27. Key deliverables include: (1) Design and Governance - reviewing umbrella terms with insurers, designing annual income determination processes for members aged 67-84, and establishing exits/entrants procedures; (2) Premium and Purchase Management - coordinating premium payment schedules, price-lock mechanisms with key partners (Hymans, Rothesay, Nest), and managing cohort annuity purchases; (3) Technical System Support - assisting with platform closure, initial cohort setup, income pricing processes, and engagement strategies for system implementation; (4) Modeling and Analysis - providing regular strategic modeling support, methodology reviews, and point estimate analysis. Suppliers should have expertise in pension administration, financial modeling, insurance coordination, and retirement income design. This is a collaborative role requiring liaison with multiple stakeholders and technical partners.

    Track record

    11 awards · 6 winners
    Open field

    No single supplier dominates the field.

    In financial services, NATIONAL EMPLOYMENT SAVINGS TRUST NEST has awarded 11 contracts to 6 suppliers.

    Who wins here
    1. ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED5× · 45%
    2. WILLIS TOWERS WATSON2× · 18%
    3. LANE CLARK & PEACOCK LLP1× · 9%
    4. Towers Watson Limited1× · 9%
    5. Hymans Robertson1× · 9%
    6. THIRD CITY LIMITED1× · 9%

    Across financial services, the most active winners are ARTHUR J GALLAGHER INSURANCE BROKERS LTD, ALLPAY LTD, ECCLESIASTICAL INSURANCE OFFICE PUBLIC LIMITED COMPANY — the field to beat, or your route in as a partner.

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    Take action
    View on sourceFind a Tender

    Award notice and full record on the publisher's site

    Publisher
    UK Cabinet Office
    Licence
    OGL v3.0
    Source
    find-tender.service.gov.uk
    Record ID
    ocds-h6vhtk-078386

    Your fit

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    This went to WILLIS TOWERS WATSON. Sonar reads NATIONAL EMPLOYMENT SAVINGS TRUST NEST's work like this against your business — who holds it, and whether you could compete or partner next time.

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    NE
    Buyer
    NATIONAL EMPLOYMENT SAVINGS TRUST NEST
    Sector
    Financial Services