Pension Scheme (Defined Contribution) and Additional Benefits

2025-02-13

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Published date: 13 February 2025

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

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Contract summary

Industry

Software package and information systems - 48000000

Pension investment services - 66131100

Pension fund management services - 66141000

Show additional CPV codes for this notice

Insurance services - 66510000

Life insurance services - 66511000

Accident and health insurance services - 66512000

Pension services - 66520000

Group pension services - 66522000

Pension fund administration services - 66523100

Benefit services - 75310000

Miscellaneous business and business-related services - 79900000

Location of contract

Any region

Value of contract

£0 to £19,000,000

Procurement reference

20250213203936-91080

Published date

13 February 2025

Closing date

17 March 2025

Closing time

1pm

Contract start date

1 May 2025

Contract end date

30 April 2032

Contract type

Service contract

Procedure type

Open procedure

What is an open procedure?

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Contract is suitable for VCSEs?

Description

NWUPC in conjunction with UCEA has a requirement to establish a Framework Agreement for the provision of a Defined Contribution Master Trust Pension Scheme and Employee Benefits including Group Life Assurance, Group Income Protection and the provision of a customisable benefits platform for the management of employee benefits through a single centralised portal. NWUPC is establishing the Framework Agreement as a central purchasing body for itself and its Members (Other Contracting Bodies (OCB)). NWUPC is managing this procurement process in accordance with the Public Contracts Regulations 2015 (the "Regulations") on behalf of members of APUC, HEPCW, LUPC, NEUPC, NWUPC and SUPC.
The Framework Agreement will be split into three lots as follows:
Lot 1 - Defined Contribution Pension Scheme (Master Trust)
Lot 2 - Group Life Assurance & Group Income Protection
Lot 3 - Flexible Benefits Platform