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Buyer: National Employment Savings Trust (NEST)

Published
7 March 2024
Submission deadline
8 April 2024
Estimated value
£2,000,000
Place of performance
UK
Procedure
Restricted procedure
Lots
1
Notice number
007433-2024
Reference
ocds-h6vhtk-04469b
Official source
Official source

CPV codes

Description

Nest Invest was set up as FCA authorised subsidiary of Nest Corporation in 2020. The FCA designation is that of an Occupational Pension Scheme (OPS) firm. Nest Invest’s regulatory permissions are to advise Nest on its investment strategy and the suitability of its existing and new external fund managers, as well as ensuring Nest’s members’ money is invested in accordance with the investment strategy and Statement of Investment Principles. However, the permissions Nest Invest has would permit the potential to do more in the direct investing space if Nest Corporation required it. Nest is on a path to becoming one of the largest pensions schemes in the UK. Whilst Nest holds £35bn today, that figure will grow to around £100bn or higher by the end of the decade. Each year Nest receives around £6 billion in new contributions from members. The growth trajectory means that the operating model for Nest Invest will need to evolve over the next ten years. Nest currently insources strategic asset allocation, portfolio construction, responsible investing, manager selection and manager monitoring. Fund management, the implementation of investment decisions, and fund custody/administration are o…

Official publications

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Frequently asked questions

What is the deadline to bid for this tender?
The submission deadline is 8 April 2024. Check the official source, as dates can be modified.
What is the estimated value of this tender?
The estimated value published by the buyer is £2,000,000.
Who is the buyer of this tender?
The contracting authority is National Employment Savings Trust (NEST) (United Kingdom).
How can I bid for public tenders in the United Kingdom?
Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
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Data collected from official public procurement sources. Amounts as published by the buyer.