Published date: 6 April 2022

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 9 February 2022, 5pm

Contract summary

Industry

  • Financial consultancy, financial transaction processing and clearing-house services - 66170000

Location of contract

E14 4PU

Value of contract

£142,110

Procurement reference

tender_295560/1059350

Published date

6 April 2022

Closing date

9 February 2022

Closing time

5pm

Contract start date

25 May 2022

Contract end date

24 May 2025

Contract type

Service contract

Procedure type

Open procedure (below threshold)

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

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

This contract covers the provision of compliance services to Nest Corporation's FCA-regulated subsidiary, Nest Invest Ltd. The supplier who has been appointed will support Nest Invest to ensure that the organisation is:

- discharging all its regulatory obligations to the FCA in a systematic and compliant manner
- effectively managing its day-to-day relationship with the FCA and preserving our good reputation with the organisation
- delivering good-quality training to its staff, as and when required
- supporting the development and delivery of running and operating a thorough and comprehensive compliance monitoring plan
- maintaining a suite of compliance procedures and documentation that is accurate and up-to-date
- advised on current and future regulatory requirements including permissions, fees, and other aspects of the FCA requirements.

Award information

Awarded date

3 March 2022

Contract start date

25 May 2022

Contract end date

24 May 2025

Total value of contract

£142,110

This contract was awarded to 1 supplier.

ACA Compliance (Europe) Limited

Address

130 Jermyn Street, London, SW1Y 4UR, UK

Reference

Companies House number: 04548431

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Nest Corporation

Address

10 South Colonnade
London
E14 4PU
England

Email

procurement@nestcorporation.org.uk

Website

https://www.nestpensions.org.uk