National Employment Savings Trust (NEST)
TEN-2324-041 Retirement Solution Services
This is a contract result notice, not an open opportunity. Details from the official award data.
This sits in the upper-middle of the Research & Development band — a substantial contract for the sector. Based on 20,405 valued Research & Development tenders in our corpus.
Research project is being commissioned to provide insight into three broad areas: The introduction of flexible access drawdown.
This might be described as the 'do it myself' option, where individuals want complete control.
It would sit alongside the current self-managed options outlined on our website - taking all their pot in one lump sum, with the first 25% paid tax free, and taking ad hoc or regular withdrawals from their pot with 25% of every withdrawal being paid tax free (what is known technically as an uncrystallised fund lump sum withdrawal).
The evolution of our lifelong income solution (building on the current Nest Guided Retirement fund and introducing a deferred annuity element).
In contrast to flexible access drawdown this might be described as the 'do for me' option, where Nest takes the responsibility to delivering a sustainable lifelong income and the on-going decisions an individual must make are minimal.
The supporting communication, tools and guidance that aids member decision making.
What the notice asks for
Research project is being commissioned to provide
Research project is being commissioned to provide insight into three broad areas:.
In contrast to flexible access drawdown this
In contrast to flexible access drawdown this might be described as the 'do for me' option, where Nest takes the responsibility to delivering a sustainable lifelong income and the on-going decisions an individual must make are minimal.
Sentences from the notice that state an obligation, surfaced automatically and shown in the order they appear. Not an exhaustive list — always confirm against the tender documents.
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- OCID
- bed56229-5d82-40a1-8dc2-6a6ee0f5e030
- Stage
- contract · Contract
- Source
- Contracts Finder
- Buyer ref
- tender_429796/1356634
Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.
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