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PROCUREMENT OPPORTUNITY

TEN-2324-037 Nest Invest Strategic Evolutionary Consultancy Value Increase

National Employment Savings Trust (NEST) · compiled

Tender information last checkedLast checked 29 Sept 2026, 23:01.

Opportunity overview

A framework agreement to support Nest as we evolve the operating and business model. To assist in the transformation of Nests operating models through significant growth trajectories. Suppliers will have experience of advising FCA regulated OPS firms and with practitioner knowledge of investment operating model design and implementation.

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.

Alpha Financial Market Consulting

Match pending…
Shared contract value
£3m
Awarded
Not supplied
Contract signed
30 May 2024
Suppliers
One of 3 awarded suppliers
Award ID
011147-2025-TEN-2324-037-1
Status
active
Location
London, UK, United Kingdom

Alpha Financial Markets Consulting

Match pending…
Shared contract value
£3m
Awarded
Not supplied
Contract signed
30 May 2024
Suppliers
One of 3 awarded suppliers
Award ID
011147-2025-TEN-2324-037-1
Status
active
Location
London, UK, United Kingdom

Aviva International

Match pending…
Shared contract value
£3m
Awarded
Not supplied
Contract signed
30 May 2024
Suppliers
One of 3 awarded suppliers
Award ID
011147-2025-TEN-2324-037-1
Status
active
Location
London, UK, United Kingdom

Classification

  • CPV79400000 — Business and management consultancy and related services

Lots

  • A framework agreement to support Nest as we evolve the operating and business model. To assist in the transformation of Nests operating models through significant growth trajectories. Suppliers will have experience of advising FCA regulated OPS firms and with practitioner knowledge of investment operating model design and implementation.Value not stated

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
ocds-h6vhtk-04f87f
Main Procurement Category
services

Amendments

Entry 1
Id
4
Description
VII.1.7 Name and address of the contractor/concessionaire Change Aviva International to Avida International.

Unstructured Changes

Entry 1

Where

Label
Name and address of the contractor/concessionaire
Section
V.2.3

New Value

Text
Avida International

Old Value

Text
Aviva International

Legal basis

Id
32014L0024
Scheme
CELEX

Classification

Id
79400000
Scheme
CPV
Description
Business and management consultancy and related services

Lots and requirements

Entry 1
Id
1
Description
A framework agreement to support Nest as we evolve the operating and business model. To assist in the transformation of Nests operating models through significant growth trajectories. Suppliers will have experience of advising FCA regulated OPS firms and with practitioner knowledge of investment operating model design and implementation.

Contract period

Duration In Days
1,440

Items and delivery

Item 1
Id
1
Related Lot
1

Delivery locations

Entry 1
Region
UK

Buyer, suppliers and contacts

Organisation 1
Id
GB-FTS-141668
Name
National Employment Savings Trust (NEST) 

Roles

buyer

Address

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

Details

Identifier

Legal Name
National Employment Savings Trust (NEST) 

Contact

Organisation 2
Id
GB-FTS-141669
Name
Alpha Financial Market Consulting

Roles

supplier

Address

Region
UK
Locality
London
Country Name
United Kingdom

Details

Scale
large

Identifier

Legal Name
Alpha Financial Market Consulting
Organisation 3
Id
GB-FTS-141670
Name
Aviva International

Roles

supplier

Address

Region
UK
Locality
London
Country Name
United Kingdom

Details

Scale
large

Identifier

Legal Name
Aviva International
Organisation 4
Id
GB-FTS-141671
Name
Alpha Financial Markets Consulting

Roles

supplier

Address

Region
UK
Locality
London
Country Name
United Kingdom

Details

Scale
large

Identifier

Legal Name
Alpha Financial Markets Consulting
Organisation 5
Id
GB-FTS-525
Name
High Court

Roles

reviewBody

Address

Locality
London
Country Name
United Kingdom

Identifier

Legal Name
High Court
Organisation 6
Id
GB-FTS-141792
Name
National Employment Savings Trust (NEST)

Roles

buyer

Address

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

Details

Identifier

Legal Name
National Employment Savings Trust (NEST)
No Identifier Rationale
notOnAnyRegister

Contact

Award information

Award 1
Id
011147-2025-TEN-2324-037-1
Title
Nest Invest Strategic Evolutionary Consultancy
Status
active

Suppliers

Supplier 1
Id
GB-FTS-141669
Name
Alpha Financial Market Consulting
Supplier 2
Id
GB-FTS-141670
Name
Aviva International
Supplier 3
Id
GB-FTS-141671
Name
Alpha Financial Markets Consulting

Related lots

1

Contracts and changes

Entry 1
Id
011147-2025-TEN-2324-037-1
Title
Nest Invest Strategic Evolutionary Consultancy
Status
active
Award ID
011147-2025-TEN-2324-037-1
Date Signed
31 May 2024, 00:00

Items

Item 1
Id
1
Related Lot
1

Classification

Id
79400000
Scheme
CPV
Description
Business and management consultancy and related services

Delivery Location

Description
Nest Offices

Delivery locations

Entry 1
Region
UK

Value

Amount
3,000,000
Currency
GBP

Period

Duration In Days
1,440

Amendments

Entry 1
Id
3
Rationale
Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee: The extension of the contract is necessary due to unforeseeable delays to relevant projects under the framework agreement, which has increased the estimated cost of the consultancy services required to deliver these projects above estimates. It would not be possible for Nest to contract with any other supplier to complete the projects without incurring significant costs (in the region of £1m-£1.5m) because these projects are in flight and a new supplier would have to duplicate work already completed by the existing suppliers. This would not represent good value for money. In addition there would be a significant time cost of onboarding new suppliers, and for them to develop the work existing suppliers have already completed. This would further delay projects (by an estimated year, on the basis of the work completed to date) which are critical to the delivery of the investment approach for Nest’s members.
Description
Increase of contract value by 50%

Recorded locations

  • Buyer location · London · UK · E14 4PU · United Kingdom
  • Delivery location · UK

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. ocds-h6vhtk-04f87f-2025-03-26T10:35:18Zcompiled ·