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Nest is seeking to appoint one supplier to provide, implement and support one hosted software-as-a-service solution for Nest Invest, comprising two mandatory capabilities: Asset Allocation and Total Portfolio View.
The Asset Allocation capability must support Nest Invest’s multi-level fund-of-funds structure and its controlled, model-driven asset allocation process. This includes strategic and tactical asset allocation, portfolio modelling and optimisation, configurable targets, limits and tolerances, portfolio rebalancing, asset restrictions, workflow and approval controls, auditability, scenario analysis and the generation of implementation instructions or outputs for downstream parties.
The Total Portfolio View capability must provide a consolidated view of Nest Invest’s portfolio across public and private assets, including positions, exposures, performance and look-through information where available. It must support aggregation and analysis across Nest Invest’s fund structure.
The supplier will be required to provide software licensing or subscription services; implementation and configuration; integration with retained data sources and Nest Invest’s planned cloud data platform through appropriate data interfaces and APIs; transition and migration from the incumbent IRP solution; testing and user acceptance support; training and documentation; go-live and transition support; and ongoing hosting, maintenance, technical support and product-roadmap services.
The solution must be configured for Nest Invest and supplied electronically as a hosted service. Investment and portfolio data will be received from retained sources, including the fund administrator and custodian, and the solution must generate the required information, reporting and implementation outputs for Nest Invest and its downstream processes.
The contract will be awarded to one supplier for an initial term of five years. Nest may extend the contract for an additional two years and subsequently for a further one year, giving a maximum potential term of eight years. The contract does not guarantee any minimum volume of services or minimum expenditure.
Tender notice (UK4). Open for bids. The submission deadline and how to submit are on this notice.
Bids are submitted through the buyer’s own portal, not on this site. Read the full notice on Find a Tender before relying on any date here.
No supplier information available.
This procurement was divided into 1 lots, each awarded separately.
| Lot | Value | Status |
|---|---|---|
| Lot 1 Jan 2027 – Dec 2031 | £7,300,000 | active |
Weightings from the notice.