Nest Invest Consultancy Framework
Estimated value
—
Awarded value
£21.0m
Suppliers
3
Lots
3
Published
29 Aug 2025
Description
Nest is on a path to becoming one of the largest pensions schemes in the UK and our growth trajectory means that the operating model for Nest Invest will need to evolve over the next ten years. In order to support the continued strategic growth and development of the investment function Nest Invest will require ongoing specialist consultancy support for the development of the organisational model and development of the investment approach.
Scope
- Reference
- TEN 2526-011(PA2023)
- Commercial tool
- Standalone contract
- Contract dates
- 03 Sept 2025 to 03 Sept 2029
- CPV classifications
- 79412000
- Contract locations
- London, United Kingdom
- Particular suitability
- Small and medium-sized enterprises (SME)
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Price | — | price | — |
| quality | — | quality | — |
Submission & procedure
- Procedure
- Open procedure
Award details· 3 awards
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
£10.0m
Award date
17 Aug 2025
Contract start
10 Sept 2025
Contract end
10 Sept 2029
Lots · 3 total
Divisions of the contract. Each lot can be awarded separately.
| Lot | Title | Est. value | Status |
|---|---|---|---|
| 1 | LOT 1 Strategic investment business, organisational strategy and governance advice | £3.5m | complete |
| 2 | LOT 2 Target Operating Model design and delivery including the transition and implementation of operating models for fund administration and custody service including additional SME operational support as needed | £3.5m | complete |
| 3 | Specialist investment consultancy services to large Financial Conduct Authority (FCA) regulated occupational pension schemes (OPS | £3.0m | complete |