External Audit Services

A Contract Award Notice
by NATIONAL EMPLOYMENT SAVINGS TRUST (NEST)

Source
OJEU
Type
Contract (Services)
Duration
5 year (est.)
Value
£600K-£800K
Sector
BUSINESS
Published
10 Sep 2021
Delivery
01 Aug 2021 to 31 Jul 2026 (est.)
Deadline
n/a

Concepts

Location

London

Geochart for 2 buyers and 1 suppliers

2 buyers

1 supplier

Description

Provision of External Audit Services •To provide annual statutory audit provision for Nest Pension Scheme in accordance with Financial Reporting Standard 102 and the guidance set out in the Financial Reports of Pension Schemes: Statement of Recommended Practice (SORP) or any future updates/replacements. •To audit the Trustee’s statement of contributions against Pension Act 1995 and the latest Schedule of Contributions. •To provide annual statutory audit provision and CASS audit for Nest Invest Limited with Financial Reporting Standard 102.

Total Quantity or Scope

•To provide annual statutory audit provision for Nest Invest Limited with Financial Reporting Standard 102.

Award Detail

1 KPMG (London)
  • Provision of External Audit Services
  • Reference: ten-2021-020
  • Num offers: 2
  • Value: £600,000.0-£800,000

Award Criteria

Quality 80.0
Cost 20.0

CPV Codes

  • 79212300 - Statutory audit services

Indicators

  • Award on basis of price and quality.

Other Information

In this Procurement we were looking for suppliers who were experienced in auditing large pensions and/or large master trusts.

Reference

Domains