TEN-2425-042 Co-Design and Provision of a Bulk Deferred Annuity

{
  "awards": [
    {
      "aboveThreshold": true,
      "assessmentSummariesDateSent": "2025-11-25T00:00:00Z",
      "contractPeriod": {
        "endDate": "2038-01-27T23:59:59Z",
        "maxExtentDate": "2040-01-27T23:59:59Z",
        "startDate": "2026-01-28T00:00:00Z"
      },
      "date": "2025-11-25T00:00:00Z",
      "documents": [
        {
          "datePublished": "2026-01-16T10:00:45Z",
          "description": "Contract award notice on Find a Tender",
          "documentType": "awardNotice",
          "format": "text/html",
          "id": "003743-2026",
          "noticeType": "UK6",
          "url": "https://www.find-tender.service.gov.uk/Notice/003743-2026"
        }
      ],
      "hasOptions": true,
      "hasRenewal": true,
      "id": "1",
      "items": [
        {
          "additionalClassifications": [
            {
              "description": "Pension investment services",
              "id": "66131100",
              "scheme": "CPV"
            }
          ],
          "deliveryAddresses": [
            {
              "country": "GB",
              "countryName": "United Kingdom",
              "region": "UK"
            }
          ],
          "id": "1",
          "relatedLot": "1"
        }
      ],
      "mainProcurementCategory": "services",
      "milestones": [
        {
          "dueDate": "2026-01-28T23:59:59Z",
          "id": "1",
          "status": "scheduled",
          "type": "futureSignatureDate"
        }
      ],
      "options": {
        "description": "The co-design process or policy/legislative change may uncover additional requirements that could require a scope change."
      },
      "relatedLots": [
        "1"
      ],
      "renewal": {
        "description": "It is not known how long the full term of the contract will be. \nThe length of the co-design process to develop the bulk deferred annuity (Part A of the contract) and when the first transaction for a bulk deferred annuity will begin are not known at contract signature and the length of time to fulfil the exclusivity period will depend on member behaviour and asset flows (Part 2 of the contract).\nThe contract may need to be extended beyond the original duration of 12 years plus the 2 year extension period."
      },
      "standstillPeriod": {
        "endDate": "2026-01-27T23:59:59+00:00"
      },
      "status": "pending",
      "suppliers": [
        {
          "id": "GB-COH-06127279",
          "name": "ROTHESAY LIFE PLC"
        }
      ],
      "title": "TEN-2425-042 Co-Design and Provision of a Bulk Deferred Annuity",
      "value": {
        "amount": 0,
        "amountGross": 0,
        "currency": "GBP"
      }
    }
  ],
  "bids": {
    "statistics": [
      {
        "id": "1",
        "measure": "bids",
        "relatedLot": "1",
        "value": 4
      },
      {
        "id": "2",
        "measure": "finalStageBids",
        "relatedLot": "1",
        "value": 4
      },
      {
        "id": "3",
        "measure": "smeFinalStageBids",
        "relatedLot": "1",
        "value": 0
      },
      {
        "id": "4",
        "measure": "vcseFinalStageBids",
        "relatedLot": "1",
        "value": 0
      }
    ]
  },
  "buyer": {
    "id": "GB-PPON-PQGC-5667-VDDT",
    "name": "National Employment Savings Trust (NEST) Corporation"
  },
  "date": "2026-01-16T10:00:45Z",
  "id": "003743-2026",
  "initiationType": "tender",
  "language": "en",
  "ocid": "ocds-h6vhtk-05076b",
  "parties": [
    {
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "E14 4PU",
        "region": "UKI42",
        "streetAddress": "10 South Colonnade, Canary Wharf,"
      },
      "contactPoint": {
        "email": "Procurement@nestcorporation.org.uk"
      },
      "details": {
        "classifications": [
          {
            "description": "Public authority - central government",
            "id": "publicAuthorityCentralGovernment",
            "scheme": "UK_CA_TYPE"
          }
        ]
      },
      "id": "GB-PPON-PQGC-5667-VDDT",
      "identifier": {
        "id": "PQGC-5667-VDDT",
        "scheme": "GB-PPON"
      },
      "name": "National Employment Savings Trust (NEST) Corporation",
      "roles": [
        "buyer"
      ]
    },
    {
      "additionalIdentifiers": [
        {
          "id": "PJTX-6986-WDNV",
          "scheme": "GB-PPON"
        }
      ],
      "address": {
        "country": "GB",
        "countryName": "United Kingdom",
        "locality": "London",
        "postalCode": "WC1A 1PB",
        "region": "UKI31",
        "streetAddress": "The Post Building"
      },
      "contactPoint": {
        "email": "rl-bd@rothesay.com"
      },
      "details": {
        "publicServiceMissionOrganization": false,
        "scale": "large",
        "shelteredWorkshop": false,
        "url": "http://Rothesay.com",
        "vcse": false
      },
      "id": "GB-COH-06127279",
      "identifier": {
        "id": "06127279",
        "scheme": "GB-COH"
      },
      "name": "ROTHESAY LIFE PLC",
      "roles": [
        "supplier"
      ]
    }
  ],
  "tag": [
    "award",
    "contract"
  ],
  "tender": {
    "description": "Nest was seeking an insurer to partner with to develop a bulk deferred annuity.\nWe 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.\nDue to the complexity of the service and contract, the procurement was run as a full over threshold competitive flexible procedure with various stages.",
    "id": "ocds-h6vhtk-05076b",
    "legalBasis": {
      "id": "2023/54",
      "scheme": "UKPGA",
      "uri": "https://www.legislation.gov.uk/ukpga/2023/54/contents"
    },
    "lots": [
      {
        "id": "1",
        "status": "complete"
      }
    ],
    "procurementMethod": "open",
    "procurementMethodDetails": "Competitive flexible procedure",
    "status": "complete",
    "title": "TEN-2425-042 Co-Design and Provision of a Bulk Deferred Annuity"
  }
}