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Lot 1 - Decumulation expertise, scheme and product design a. DC decumulation pensions market capability, expertise in UK market for DC pension provision, specifically in decumulation, and the latest policy, regulatory and industry developments.
b. Capability in UK decumulation pension scheme design that enables the pooling of longevity and other risks, in a money purchase or other legislative/regulatory context.
c. Decumulation product design - capability in all stages of decumulation product design, from user research, to translating member needs into design principles, detailed product design, and implementation.
| Supplier | Identifier | Award Value | Lots Won | Cross-References |
|---|---|---|---|---|
| HYMANS ROBERTSON LLP | OC310282 | £400,000 | 2 lots Decumulation expertise, scheme and product design. · Bulk Insurance and Risk Transfer | - |
| LANE CLARK & PEACOCK LLP | OC301436 | ~£3,000,000 estimated from lot values | 1 lot Decumulation expertise, scheme and product design. | - |
| SOPRA STERIA LIMITED | 04077975 | ~£3,000,000 estimated from lot values | 1 lot Member Experience and Communications | LOBBYIST Hanbury Strategy and Communications Limited (1 quarter) |
| TOWERS WATSON LIMITED | 05379716 | ~£6,450,000 estimated from lot values | 2 lots Decumulation expertise, scheme and product design. · Longevity Analysis and Modelling | - |
| Willis Towers Watson | BR021056 | ~£450,000 estimated from lot values | 1 lot Longevity Analysis and Modelling | - |
Taken from this notice, not from Companies House. Check the original notice — details change and are not updated here.
This procurement was divided into 4 lots, each awarded separately. 13 bids were received in total.
| Lot | Value | Bids Received | Awarded To | Status |
|---|---|---|---|---|
| Lot 1 Decumulation expertise, scheme and product design. Apr 2026 – Mar 2030 | £3,000,000 | - | active | |
| Lot 2 Bulk Insurance and Risk Transfer Apr 2026 – Mar 2030 | £3,000,000 £3,400,000 initial term | 7 | active | |
| Lot 3 Longevity Analysis and Modelling Apr 2026 – Mar 2030 | £3,000,000 £3,450,000 initial term | 5 | active | |
| Lot 4 Member Experience and Communications Apr 2026 – Mar 2030 | £3,000,000 | - | pending |
Weightings from the notice, applied to every lot.
Government spending data: These suppliers have received £751,381,636 in 3,953 payments (over £25k) from Home Office, Ministry of Defence, Scottish Government, Department for Transport, Metropolitan Police and 39 more public bodies (2010-05-07 to 2026-07-31).