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PROCUREMENT OPPORTUNITY

TEN-2425-042 Co-Design and Provision of a Bulk Deferred Annuity

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

Tender information last checkedLast checked 5 Oct 2026, 01:23.

Opportunity overview

Nest was seeking an insurer to partner with to develop a bulk deferred annuity. We anticipate that the supplier appointed to partner with Nest for the co-design period would also be appointed to be the provider of the bulk annuity to Nest for an exclusive period. Due to the complexity of the service and contract, the procurement was run as a full over threshold competitive flexible procedure with various stages.

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.

ROTHESAY LIFE PLC

Match pending…
Published award value
Value not stated
Awarded
Not supplied
Contract signed
28 Jan 2026
Award ID
1
Status
active
Identifier
GB-COH 06127279
Location
London, UKI31, WC1A 1PB, United Kingdom

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
ocds-h6vhtk-05076b
Status
complete
Procurement Method
open
Procurement Method Details
Competitive flexible procedure

Legal basis

Id
2023/54
Scheme
UKPGA

Covered By

GPA

Lots and requirements

Entry 1
Id
1
Status
complete

Published documents

Entry 1
Id
conflictOfInterest
Document Type
conflictOfInterest
Description
Not published

Buyer, suppliers and contacts

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

Identifier

Scheme
GB-PPON
Id
PQGC-5667-VDDT

Address

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

Contact

Roles

buyer

Details

Classifications

Entry 1
Scheme
UK_CA_TYPE
Id
publicAuthorityCentralGovernment
Description
Public authority - central government
Organisation 2
Name
ROTHESAY LIFE PLC
Id
GB-COH-06127279

Identifier

Scheme
GB-COH
Id
06127279

Additional Identifiers

Entry 1
Scheme
GB-PPON
Id
PJTX-6986-WDNV

Address

Street Address
The Post Building
Locality
London
Postal Code
WC1A 1PB
Country
GB
Country Name
United Kingdom
Region
UKI31

Contact

Roles

supplier

Details

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

Award information

Award 1
Id
1
Status
active
Main Procurement Category
services

Items

Item 1
Id
1
Related Lot
1

Additional Classifications

Entry 1
Scheme
CPV
Id
66131100
Description
Pension investment services

Delivery locations

Entry 1
Region
UK
Country
GB
Country Name
United Kingdom

Suppliers

Supplier 1
Id
GB-COH-06127279
Name
ROTHESAY LIFE PLC

Related lots

1

Contracts and changes

Entry 1
Id
1
Award ID
1
Status
active
Has Renewal
Yes
Above Threshold
Yes
Date Signed
28 Jan 2026, 00:00
No Agreed Metrics Rationale
Not required at this stage

Period

Starts
28 Jan 2026, 00:00
Ends
27 Jan 2038, 23:59
Max Extent Date
27 Jan 2040, 23:59

Renewal

Description
It is not known how long the full term of the contract will be. The length of the co-design process to develop the bulk deferred annuity (Part A of the contract) and when the first transaction for a bulk deferred annuity will begin are not known at contract signature and the length of time to fulfil the exclusivity period will depend on member behaviour and asset flows (Part 2 of the contract). The contract may need to be extended beyond the original duration of 12 years plus the 2 year extension period

Value

Including VAT
0
Amount
0
Currency
GBP

Documents

Entry 1
Id
009032-2026
Document Type
contractNotice
Notice Type
UK7
Description
Contract details notice on Find a Tender
Published
2 Feb 2026, 14:47
Format
text/html

Recorded locations

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

Notice and amendment history

2 published notice versions reviewed by ProcuraAxis.

2 VERSIONS
  1. 003743-2026Contract award notice on Find a Tender ·
  2. 009032-2026Contract details notice on Find a Tender ·