NEST awards £275,000 retirement consultancy call-off to WILLIS TOWERS WATSON

Tender information last checkedLast checked 8 Oct 2026, 12:56.

Opportunity overview

The Supplier will provide the services outlined below: Critical path items for FY2026/27 (ending 31 March) • Drawn from Co-design phase 2 project plan: o Review of relevant provisions of draft Umbrella Terms with insurer (first pass) o Complete design of annual process for determining income payable from 67-84 o Exits and entrants o Premium payment and price-lock (liaising with Hymans, Rothesay and nest to confirm appropriateness of proposal) o Cohort annuity purchase process • Supporting the TCS build: o NGRF closure and initial cohort set-up o Income initiation pricing process o Wider WTW support on engagement with TCS (e.g. alternatives to the dummy member approach for setting mid-year cohort pricing) o Umbrella terms (second pass) • Modelling support o Regular calls with Will on latest modelling, including methodology discussions and point estimate reviews

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.

Willis Towers Watson

Matched by number

Published award value: £275k
Awarded: 29 Sept 2026
Award ID: 1
Status: active
Identifier: GB-COH BR021056
Location: London, UKI31, EC3M 7DQ, United Kingdom

Classification

No classification was supplied.

Lots

Lot 1Value not stated

Documents and notices

Contract award notice on Find a TenderOpen source ↗

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: TEN2627-037 lot 3 call off no 2
Status: complete
Procurement Method: selective
Procurement Method Details: Award under framework
Competitive: No

Legal basis

Id: 2023/54
Scheme: UKPGA
Uri: https://www.legislation.gov.uk/ukpga/2023/54/contents ↗

Lots and requirements

Entry 1

Id: 1
Status: complete

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

Email: Procurement@nestcorporation.org.uk

Roles

buyer

Details

Classifications

Entry 1

Scheme: UK_CA_TYPE
Id: publicAuthorityCentralGovernment
Description: Public authority - central government

Organisation 2

Name: Willis Towers Watson
Id: GB-COH-BR021056

Identifier

Scheme: GB-COH
Id: BR021056

Additional Identifiers

Entry 1

Scheme: GB-PPON
Id: PRTB-7625-DNJD

Address

Street Address: 51 Lime Street
Locality: London
Postal Code: EC3M 7DQ
Country: GB
Country Name: United Kingdom
Region: UKI31

Contact

Email: andrew.chatel@wtwco.com

Roles

supplier

Details

Url: http://www.wtwco.com ↗
Scale: large
Vcse: No
Public Service Mission Organization: No
Sheltered Workshop: No

Award information

Award 1

Id: 1
Status: active
Date: 30 Sept 2026, 00:00
Main Procurement Category: services
Above Threshold: Yes

Items

Item 1

Id: 1
Related Lot: 1

Additional Classifications

Entry 1

Scheme: CPV
Id: 66171000
Description: Financial consultancy services

Delivery locations

Entry 1

Region: UKI
Country: GB
Country Name: United Kingdom

Value

Including VAT: 330,000
Amount: 275,000
Currency: GBP

Suppliers

Supplier 1

Id: GB-COH-BR021056
Name: Willis Towers Watson

Contract period

Starts: 9 Oct 2026, 00:00
Ends: 31 Mar 2027, 23:59

Related lots

Documents

Entry 1

Id: 095103-2026
Document Type: awardNotice
Notice Type: UK6
Description: Contract award notice on Find a Tender
Url: https://www.find-tender.service.gov.uk/Notice/095103-2026 ↗
Published: 8 Oct 2026, 11:21
Format: text/html

Milestones

Entry 1

Id: 1
Type: futureSignatureDate
Due: 9 Oct 2026, 23:59
Status: scheduled

Related procurements

Entry 1

Id: framework
Scheme: ocid
Identifier: ocds-h6vhtk-06085f
Uri: https://www.find-tender.service.gov.uk/api/1.0/ocdsReleasePackages/ocds-h6vhtk-06085f ↗

Relationship

framework

Related lots

Recorded locations

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

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION

095103-2026Contract award notice on Find a Tender · 8 Oct 2026, 11:21

PROCURAAXIS AWARD ANALYSIS

Award outcome intelligence

Evidence-bound analysis of the published award appears below the official tender and award information.

ANALYSIS PREVIEW

Award intelligence at a glance

National Employment Savings Trust (NEST) Corporation has awarded a framework call-off for retirement and financial consultancy services to WILLIS TOWERS WATSON. The published award is valued at £275,000 excluding VAT (£330,000 including VAT) and is scheduled from 9 October 2026 to 31 March 2027.

Published outcome signals

Notice typeContract award notice on Find a TenderEvidence: Document 095103-2026 is described as a Contract award notice on Find a Tender.
Award statusActiveEvidence: Award 1 has status 'active'.
Award decision date30 September 2026Evidence: Award 1 date is 2026-09-30.

94% approved-analysis confidence1 supplier record analysed4 source limitations

SOURCE AND FRESHNESS

Traceable procurement data

Source: Find a Tender
Notice reference: 095103-2026
OCID: ocds-h6vhtk-078386
First published: 8 Oct 2026
Last checked: 8 Oct 2026, 12:56
Notice versions reviewed: 1

View Find a Tender notice ↗

HOW THIS WAS PREPARED

Approved, evidence-bound analysis

ProcuraAxis structures information found in published procurement records, checks the result for consistency and publishes only approved analysis. Confidence describes the completeness and consistency of the available source information; it is not a guarantee of eligibility or contract award.

Analysis status: Approved for publication
Analysed: 11 Oct 2026

Read the analysis methodology →

AWARD OUTCOME

What happened

Published outcome

Award announced to WILLIS TOWERS WATSON under a framework. The award record is active, while the notice lists 9 October 2026 as a future signature date; the supplied data does not confirm that a contract has been signed.

Market significance

This is a £275,000 net consultancy call-off supporting NEST retirement-income design, annuity-purchase processes, pricing and modelling work.

AWARDED SUPPLIERS AND LOTS

1 supplier record analysed

WILLIS TOWERS WATSON

99% confidence

Award 1 · Lots 1 · 275000 GBP · verified supplier; award active

View supporting evidence

Award 1 names Willis Towers Watson as supplier. Supplier verification matched company number BR021056 and provides verified company name WILLIS TOWERS WATSON. Award 1 has a £275,000 net value.

LIFECYCLE

Award or contract stage

Notice type

99% confidence

Contract award notice on Find a Tender

View supporting evidence

Document 095103-2026 is described as a Contract award notice on Find a Tender.

Award status

95% confidence

Active

View supporting evidence

Award 1 has status 'active'.

Award decision date

95% confidence

30 September 2026

View supporting evidence

Award 1 date is 2026-09-30.

Future signature date

98% confidence

9 October 2026

View supporting evidence

Award milestone type futureSignatureDate is scheduled for 2026-10-09.

Scheduled contract period

97% confidence

9 October 2026 to 31 March 2027

View supporting evidence

Award 1 contractPeriod specifies these start and end dates.

VALUES

Published values explained

Award value excluding VAT

99% confidence

£275,000

View supporting evidence

Award 1 value.amount is 275000 GBP.

Award value including VAT

99% confidence

£330,000

View supporting evidence

Award 1 value.amountGross is 330000 GBP.

Value allocation

93% confidence

Single award and supplier

View supporting evidence

The notice contains one award, one listed supplier and one related lot; the award-level value is therefore reported for that award.

TIMELINE

Procurement timeline

Award decision

95% confidence

30 September 2026

View supporting evidence

Award 1 date is 2026-09-30.

Award notice published

99% confidence

8 October 2026

View supporting evidence

Award notice 095103-2026 was published at 2026-10-08T11:21:28+01:00.

Scheduled start / future signature date

96% confidence

9 October 2026

View supporting evidence

The contract period starts on 2026-10-09 and the scheduled futureSignatureDate is also 2026-10-09.

Scheduled end

97% confidence

31 March 2027

View supporting evidence

Award 1 contractPeriod ends 2027-03-31T23:59:59+01:00.

SCOPE

What was awarded

Procurement category

99% confidence

Services

View supporting evidence

Award 1 mainProcurementCategory is services.

CPV classification

99% confidence

66171000 — Financial consultancy services

View supporting evidence

Award item 1 carries CPV 66171000 with this description.

Service scope

94% confidence

Retirement consultancy covering retirement-income process design, exits and entrants, premium payment and price-lock work, cohort annuity purchase processes, TCS build support, umbrella terms and modelling support.

View supporting evidence

Tender description lists these activities.

Delivery region

90% confidence

UKI (London)

View supporting evidence

Award item delivery address is region UKI, United Kingdom.

Framework relationship

94% confidence

Call-off under framework ocds-h6vhtk-06085f, related to framework lot 3

View supporting evidence

Related process identifies framework OCID ocds-h6vhtk-06085f and related lot 3; tender reference says 'lot 3 call off no 2'.

PROCEDURE

Procedure and competition

Procurement method

99% confidence

Selective

View supporting evidence

Tender procurementMethod is selective.

Method detail

99% confidence

Award under framework

View supporting evidence

Tender procurementMethodDetails states Award under framework.

Competitive flag

95% confidence

Not competitive in this call-off record

View supporting evidence

Tender competitive field is false.

Above threshold

99% confidence

Yes

View supporting evidence

Award 1 aboveThreshold is true.

Bidder count and evaluation outcome

99% confidence

Unknown

View supporting evidence

Information not supplied in the published notice data.

CONTRACT TERMS

Published contract terms

Scheduled term

97% confidence

9 October 2026 to 31 March 2027

View supporting evidence

Award 1 contractPeriod specifies the dates.

Extension or renewal options

99% confidence

Unknown

View supporting evidence

Information not supplied in the published notice data.

Signature status

98% confidence

Not confirmed

View supporting evidence

The record includes a scheduled futureSignatureDate of 9 October 2026 but no explicit signed-contract confirmation.

COMMERCIAL VIEW

Commercial observations

Commercial focus

93% confidence

The call-off centres on specialised retirement-income and annuity-process advisory work, alongside implementation and modelling support.

View supporting evidence

Tender scope includes income-payable process design, cohort annuity purchase, pricing, TCS build support and modelling calls.

Framework access route

91% confidence

The buyer used an existing framework rather than an openly competitive call-off recorded in this notice.

View supporting evidence

The notice states Award under framework and competitive is false.

ANALYSIS QUALITY

94%overall confidence

Confidence reflects the completeness and consistency of the published award data.

Reference: ocds-h6vhtk-078386
Analysed: 11 Oct 2026

APPROVED AWARD ANALYSIS

BUYER CONTEXT

Buyer context

Buyer

99% confidence

National Employment Savings Trust (NEST) Corporation

View supporting evidence

Buyer party is named National Employment Savings Trust (NEST) Corporation.

Buyer type

99% confidence

Public authority — central government

View supporting evidence

Buyer party classification is publicAuthorityCentralGovernment.

Buyer location

99% confidence

London, United Kingdom

View supporting evidence

Buyer address is 10 South Colonnade, Canary Wharf, London, E14 4PU.

SUPPLIER CONTEXT

Supplier context

Legal supplier identity

99% confidence

WILLIS TOWERS WATSON

View supporting evidence

Verified company name supplied through company-number match BR021056.

Company number

99% confidence

BR021056

View supporting evidence

Supplier identifier and verified company number are BR021056.

Supplier scale

95% confidence

Large

View supporting evidence

Supplier party details lists scale as large.

Supplier location

99% confidence

London, United Kingdom

View supporting evidence

Supplier address is 51 Lime Street, London, EC3M 7DQ.

RENEWAL OUTLOOK

Renewal outlook

Estimated re-procurement or renewal point

75% confidence

Around 31 March 2027, subject to any unpublished extension or replacement arrangement

View supporting evidence

The explicit scheduled end date is 31 March 2027; extension options are not published in the supplied data.

DATA QUALITY

Gaps and source limitations

Signature and commencement distinction

98% confidence

The award is active and has a scheduled contract start, but signature is not confirmed.

View supporting evidence

Award status is active; a futureSignatureDate milestone is scheduled for 9 October 2026; no signed-contract field is supplied.

Lot reference inconsistency

99% confidence

The award is linked to notice lot 1, while the related framework reference identifies framework lot 3.

View supporting evidence

Award relatedLots and item relatedLot are 1; relatedProcesses lists relatedLots 3 and tender ID says lot 3 call off no 2.

Unpublished competition detail

99% confidence

Bid count, tenderer identities, evaluation criteria, scores and award rationale are not supplied.

View supporting evidence

Information not supplied in the published notice data.

Unpublished commercial detail

99% confidence

No pricing breakdown, lot-level value, extension terms or renewal options are supplied.

View supporting evidence

Information not supplied in the published notice data.

SOURCE DATA LIMITATIONS

Information not supplied in the published notice

The supplied data does not explicitly confirm that the contract has been signed, despite an active award status and scheduled signature date.
The notice-level award is linked to lot 1, whereas the related framework process and tender reference point to framework lot 3; the supplied data does not resolve this difference.
Bid numbers, competing suppliers, evaluation criteria, scores, award rationale and savings are not published in the supplied data.
No published breakdown of fees, lot-level value, extension options, renewal terms or detailed deliverables is supplied.

MARKET THEMES

Relevant award themes

COMMON QUESTIONS

About this award

Who won NEST's retirement consultancy call-off?

WILLIS TOWERS WATSON was named as the verified supplier for award 1.

What is the value of the NEST retirement consultancy award?

The published award value is £275,000 excluding VAT and £330,000 including VAT.

Has the NEST consultancy contract been signed?

The supplied record does not confirm signature. It lists 9 October 2026 as a scheduled future signature date.

When is the consultancy work scheduled to end?

The published contract period ends on 31 March 2027.

ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.

Retirement consultancy Framework

Opportunity overview

Awarded to

Willis Towers Watson

Classification

Lots

Documents and notices

Published notice details

Scope, procedure and submissions

Legal basis

Lots and requirements

Buyer, suppliers and contacts

Identifier

Address

Contact

Roles

Details

Classifications

Identifier

Additional Identifiers

Address

Contact

Roles

Details

Award information

Items

Additional Classifications

Delivery locations

Value

Suppliers

Contract period

Related lots

Documents

Milestones

Related procurements

Relationship

Related lots

Recorded locations

Notice and amendment history

Award intelligence at a glance

Published outcome signals

Traceable procurement data

Approved, evidence-bound analysis

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