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PROCUREMENT OPPORTUNITY

CON-2526-002 Fund Admin Transition and Transformation Programme

National Employment Savings Trust (NEST) Corporation · Transparency notice on Find a Tender

Tender information last checkedLast checked 29 Sept 2026, 23:59.

Opportunity overview

Nest will be transitioning over £50bn of assets from one custodian to another and working with a brand new fund accountant and administrator. This contract will provide expert support and experience based on deep experience of transitioning assets, and a deep understanding of Nest needs, and the new provider's capabilities.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

Classification

No classification was supplied.

Lots

  • Lot 1Value not stated

Documents and notices

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
CON-2526-002 Fund Admin Transition and Transformation Programme
Status
complete
Published risks
There is a possibility that further unforeseen delays from other areas of the business could require this contract to be extended or increased both in terms of value and time.
Procurement Method
direct
Procurement Method Details
Direct award
Why this procedure was chosen
Nest will be transitioning over £50bn of assets from one custodian to another and working with a brand new fund accountant and administrator. This contract will provide expert support and experience based on deep experience of transitioning assets, and a deep understanding of Nest needs, and the new provider's capabilities.

Covered By

GPA

Legal basis

Id
2023/54
Scheme
UKPGA

Procedure reasons

Entry 1
Id
additionalRepeatExtensionPartialReplacement

Lots and requirements

Entry 1
Id
1
Status
complete

Suitability

Sme
Yes

Published documents

Entry 1
Id
conflictOfInterest
Description
Not published
Document Type
conflictOfInterest

Buyer, suppliers and contacts

Organisation 1
Id
GB-PPON-PQGC-5667-VDDT
Name
National Employment Savings Trust (NEST) Corporation

Roles

buyer

Address

Region
UKI42
Country
GB
Locality
London
Postal Code
E14 4PU
Country Name
United Kingdom
Street Address
10 South Colonnade, Canary Wharf,

Details

Classifications

Entry 1
Id
publicAuthorityCentralGovernment
Scheme
UK_CA_TYPE
Description
Public authority - central government

Identifier

Id
PQGC-5667-VDDT
Scheme
GB-PPON

Contact

Organisation 2
Id
GB-COH-04710715
Name
ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED

Roles

supplier

Address

Region
UKI31
Country
GB
Locality
London
Postal Code
EC2V 7BB
Country Name
United Kingdom
Street Address
60 Gresham Street

Details

Vcse
No
Scale
large
Sheltered Workshop
No
Public Service Mission Organization
No

Identifier

Id
04710715
Scheme
GB-COH

Contact

Additional Identifiers

Entry 1
Id
PRNG-1778-PVXJ
Scheme
GB-PPON

Award information

Award 1
Id
1
Date
16 Apr 2025, 00:00
Title
CON-2526-002 Fund Admin Transition and Transformation Programme
Status
active
Has Renewal
Yes
Above Threshold
Yes
Main Procurement Category
services

Items

Item 1
Id
1
Related Lot
1

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom
Entry 2
Region
UK
Country
GB
Country Name
United Kingdom

Additional Classifications

Entry 1
Id
66523100
Scheme
CPV
Description
Pension fund administration services

Value

Amount
635,000
Currency
GBP
Including VAT
716,480.4

Renewal

Description
2 x 12 month periods if funds are still available.

Documents

Entry 1
Id
013578-2025
Format
text/html
Notice Type
UK5
Description
Transparency notice on Find a Tender
Document Type
awardNotice
Published
8 Apr 2025, 10:58
Entry 2
Id
022863-2025
Format
text/html
Notice Type
UK6
Description
Contract award notice on Find a Tender
Document Type
awardNotice
Published
19 May 2025, 16:56

Suppliers

Supplier 1
Id
GB-COH-04710715
Name
ALPHA FINANCIAL MARKETS CONSULTING UK LIMITED

Milestones

Entry 1
Id
1
Type
futureSignatureDate
Status
scheduled
Due
30 May 2025, 23:59

Related lots

1

Contract period

Ends
29 May 2027, 23:59
Starts
30 May 2025, 00:00
Max Extent Date
29 May 2029, 23:59

Standstill Period

Ends
29 May 2025, 23:59

Contracts and changes

Entry 1
Id
1
Title
CON-2526-002 Fund Admin Transition and Transformation Programme
Status
active
Award ID
1
Date Signed
30 May 2025, 00:00
Has Renewal
Yes
Above Threshold
Yes
No Agreed Metrics Rationale
None required

Value

Amount
635,000
Currency
GBP
Including VAT
762,000

Period

Ends
29 May 2027, 23:59
Starts
30 May 2025, 00:00
Max Extent Date
29 May 2029, 23:59

Renewal

Description
2 x 12 month extensions is budget is still available.

Documents

Entry 1
Id
033925-2025
Format
text/html
Notice Type
UK7
Description
Contract details notice on Find a Tender
Document Type
contractNotice
Published
20 Jun 2025, 09:32
Entry 2
Id
035225-2025
Format
text/html
Notice Type
UK10
Description
Contract change notice on Find a Tender
Document Type
contractNotice
Published
25 Jun 2025, 18:04

Proposed Amendments

Entry 1
Id
035225-2025
Date
27 Jun 2025, 23:59
Rationale
Additional funding is required to cover the cost of Investment Operations Specialist on Secondment from the Supplier, the Secondee to support NEST with its team's requirements for an initial period of twelve (12) months.
Standstill
No
Above Threshold
Yes

Value

Amount
855,110
Currency
GBP
Including VAT
1,026,132

Period

Starts
1 Jul 2025, 00:00

Rationale Classifications

Entry 1
Id
additionalGoodsServicesWorks

Recorded locations

  • Buyer location · London · UKI42 · E14 4PU · United Kingdom

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-04fe92-2025-06-25T18:04:52+01:00Transparency notice on Find a Tender ·