Published date: 2 September 2015

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 15 October 2015

Contract summary

Industry

  • Financial and insurance services - 66000000

Location of contract

SE1 9HA

Value of contract

£0

Procurement reference

TEN-1516-012

Published date

2 September 2015

Closing date

15 October 2015

Contract start date

18 January 2016

Contract end date

18 January 2116

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

Summary
The National Employment Savings Trust ("NEST") is a defined contribution trust based occupational pension scheme and is a qualifying scheme for auto-enrolment purposes under the Pensions Act 2008. NEST is expected to have millions of members, many of whom will never have saved before in a pension scheme. It is vital for our members that they have a high quality, low charge product which they can trust to deliver acceptable outcomes. A well designed investment approach is a key element of the scheme.

Description
The current fund selection for NEST members comprises the NEST Retirement Date Funds (NRDFs), 47 single year target date funds which act as the default strategy, and five fund choices; namely the Higher Risk Fund, the Lower Growth Fund, the Ethical Fund, the Sharia Fund and the Pre-retirement Fund. Each NEST fund operates as a white labelled fund of third party "building block" funds. The NEST Trustee Members determine the asset allocation of the funds while external fund managers invest in a variety of specific asset classes.

NEST is now looking to add an actively managed Global Emerging Market Debt fund to the range of building blocks. The search is for a pooled fund (phase 1) with the option to transition to a segregated mandate (phase 2) at a later stage.

LINK TO OJEU NOTICE:
http://ted.europa.eu/udl?uri=TED:NOTICE:306975-2015:TEXT:EN:HTML

THE CONTRACT WILL HAVE NO PRE-DETERMINED TRANSITION DATE OR END DATE.

More information

Additional text

All tender documentation will be made available from our e-tendering platform BravoSolutions i.e. NEST eTendering Portal. Suppliers not registered will need to do so before accessing the documentation. Registration is free and will only take a few minutes. Failure to register will prevent your organisation participating.

Further information on how to access the Tender opportunity:
1. Register your company on the eSourcing portal (this is only required once) - Browse to the eSourcing Portal: https://nesttenders.bravosolution.co.uk and click the link to register - Accept the terms and conditions and click 'continue' - Enter your correct business and user details - Note the username you chose and click 'Save' when complete - You will shortly receive an email with your unique password (please keep this secure)

2. Express an Interest in the tender - Login to the portal with the username/password - Click the 'PQQs / ITTs Open To All Suppliers' link. (These are Pre-Qualification Questionnaires or Invitations to Tender open to any registered supplier) - Click on the relevant PQQ/ ITT to access the content. - Click the 'Express Interest' button at the top of the page. - This will move the PQQ /ITT into your 'My PQQs/ My ITTs' page. (This is a secure area reserved for your projects only) -You can now access any attachments by clicking 'Buyer Attachments' in the 'PQQ/ ITT Details' box


3. Responding to the tender - Click 'My Response' under 'PQQ/ ITT Details', you can choose to 'Create Response' or to 'Decline to Respond' (please give a reason if declining) - You can now use the 'Messages' function to communicate with the buyer and seek any clarification - Note the deadline for completion, then follow the onscreen instructions to complete the PQQ/ ITT - There may be a mixture of online & offline actions for you to perform (there is detailed online help available) You must then submit your reply using the 'Submit Response' button at the top of the page.
4. If you require any further assistance please consult the online help, or contact the eTendering help desk. Phone: 0800 368 4850 E-mail: help@bravosolution.co.uk

About the buyer

Address

Riverside House, 2a Southwark Bridge Road
London
London
SE1 9HA
England

Email

procurement@nestcorporation.org.uk