Retirement Consultancy Framework

The Supplier will organise workshops, in 'sprint'-style format, to support Nest Invest to form views on design aspects or operational approaches for its retirement income blueprint, which include but are not limited to the following: 1.Assessment of choice of CMA model, and support making any changes 2.Income calibration sessions (setting initial income, high-level investment strategy, adjusting the income framework) 3.Approach for early retirees (reducing volatility though income framework) 4.Choice of comparator annuities 5.Detailed decisions on cohorting (age-related simplifications and allowing for significant market movements, also related work on cross subsidies) 6. Detailed investment strategy considerations 7. Price-lock considerations with the insurer 8. Governance of cohorts The supplier will also prepare pre-reading materials and papers documenting the outcomes of workshops, for subjects relating to the retirement income blueprint, including the subjects above.