AwardedAwarded 28 January 2026
TEN-2425-042 Co-Design and Provision of a Bulk Deferred Annuity
1 · Local or regional public body
In brief
1 awarded financial services work to Rothesay Life plc on 28 January 2026.
Built from the notice's own fields. Always check the official notice before you bid.
What the notice says
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.
Who won
| Winner | Value | Dates |
|---|---|---|
| Rothesay Life plc 4 bids received | — | Awarded 25 November 2025 28 January 2026 to 27 January 2038 |
Values as the award notice gives them, excluding VAT where stated.
Timeline
- Contract award notice · UK6, notice 003743-2026
- Contract details notice · UK7, notice 009032-2026
About the buyer
1Last 12 months
Procurements
37Awards
31Suppliers it has used most for financial services
- Alpha Financial Markets Consulting UK Limited4 contracts
- Willis Towers Watson3 contracts
- Hymans Robertson LLP2 contracts
- Lane Clark & Peacock LLP2 contracts
- Towers Watson Limited2 contracts
Similar open tenders
All open financial services tenders- £1.3bnframework ceiling
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- £130mframework ceiling
From notice 003743-2026 on Find a Tender, first published 16 January 2026, last updated 2 February 2026. We last checked for changes on 28 September 2026.