Global Emerging Market Debt Fund
Our requirement is for an actively managed global emerging market debt (EMD) fund to the range of building blocks. The procurement is for a pooled fund (phase 1).
United Kingdom-London: Financial and insurance services
Section I: Contracting authority
I.1)Name, addresses and contact point(s)
National Employment Savings Trust (NEST)
Riverside House, 2a Southwark Bridge Road
Contact point(s): Procurement and Contracts Team
SE1 9AH London
Telephone: +44 2030563724
General address of the contracting authority: www.nestpensions.org.uk
Address of the buyer profile: www.nesttenders.bravosolution.co.uk
Further information can be obtained from: The above mentioned contact point(s)
Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)
Tenders or requests to participate must be sent to: The above mentioned contact point(s)
I.2)Type of the contracting authority
Economic and financial affairs
Section II: Object of the contract
II.1.1)Title attributed to the contract by the contracting authority:
II.1.2)Type of contract and location of works, place of delivery or of performance
Service category No 6: Financial services a) Insurances services b) Banking and investment services
NUTS code UK
II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)
II.1.5)Short description of the contract or purchase(s)
The National Employment Savings Trust (‘NEST’) is a defined contribution trust based occupational pension scheme and is a qualifying scheme for autoenrolment 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.
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 5 fund choices, namely the Higher Risk Fund, the Lower Growth Fund, the Ethical Fund, the Sharia Fund and the Preretirement Fund. Each NEST fund operates as a white labelled fund of 3rd party ‘building block’ funds.
Our requirement is for an actively managed global emerging market debt (EMD) fund to the range of building blocks. The procurement is for a pooled fund (phase 1) with the option to transition to a segregated mandate (phase 2) at a later stage. The contract will have no predetermined transition date or end date.
II.1.6)Common procurement vocabulary (CPV)
II.1.7)Information about Government Procurement Agreement (GPA)
II.2.1)Total quantity or scope:
Range: between 0 and 30 000 000 GBP
II.2.2)Information about options
Description of these options: NEST is seeking to invest initially in a pooled fund (phase 1) with the option to transition to a segregated mandate (phase 2) at a later stage. The contract will have no predetermined transition date or end date.
Section III: Legal, economic, financial and technical information
III.1.1)Deposits and guarantees required:
III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:
III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers
How to express interest in this tender:
1. Register your company on the e-Sourcing portal (this is only required once):
— Browse to the e-Sourcing 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 on-screen instructions to complete the PQQ/ITT,
— There may be a mixture of online and 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.
If you require any further assistance, please consult the online help or contact the e-Tendering help desk.
III.2.2)Economic and financial ability
See PQQ/ITT documents.
Section IV: Procedure
IV.1.1)Type of procedure
IV.3.1)File reference number attributed by the contracting authority:
IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document
Payable documents: yes
IV.3.4)Time limit for receipt of tenders or requests to participate
IV.3.6)Language(s) in which tenders or requests to participate may be drawn up
IV.3.7)Minimum time frame during which the tenderer must maintain the tender
Section VI: Complementary information
VI.1)Information about recurrence
VI.2)Information about European Union funds
VI.4.1)Body responsible for appeal procedures
See Section I)
VI.4.2)Lodging of appeals
VI.5)Date of dispatch of this notice: