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Notice peek

×
NE
TenderFTS · 06085f

TEN-2526-037 (PA2023) Retirement Consultancy Framework

National Employment Savings Trust (NEST) Corporation
Status
complete
Awarded
—
Published
25 Jun 2026

Key facts

Notice ID
ocds-h6vhtk-06085f
Awarded to
TOWERS WATSON LIMITED
Source
Find a Tender

Timeline

  1. Published
    25 Jun 2026

Description

Lot 1 - Decumulation expertise, scheme and product design a. DC decumulation pensions market capability, expertise in UK market for DC pension provision, specifically in decumulation, and the latest policy, regulatory and industry developments. b. Capability in UK decumulation pension scheme design that enables the pooling of longevity and other risks, in a money purchase or other legislative/regulatory context. c. Decumulation product design - capability in all stages of decumulation product design, from user research, to translating member needs into design principles, detailed product design, and implementation. Lot 3 - Longevity Analysis and Modelling a. Longevity modelling and actuarial capability, insight into longevity trends and developments, particularly in the context of the population of pension savers under auto enrolment. b. Capability in developing actuarial modelling for decumulation solutions. Knowledge and understanding of appropriate capital market assumptions and longevity trends for decumulation. c. Experience of designing decision frameworks and governance approaches to support Trustees in setting and maintaining income levels in decumulation.

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Page 10 of 23300
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25 Jun
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Page 10 of 23300
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