Pension Scheme (Defined Contribution) and Additional Benefits

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Estimated value

£19.0m

Awarded value

£19.0m

Awarded 28 May 2025

Suppliers

1

Lots

1

1 awarded

Published

20 Jun 2025

Deadline 17 Mar 2025

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 Please note that this notice relates only to the award of Lots 1 & 2 of this tender exercise. The award process for Lot 3 Flexible Benefits Platform has not been concluded and, as such, will be covered in a separate contract award notice in line with the conclusion of the contract.

Scope

Reference
20250620171452-91080
Total value
£19,000,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
30 Apr 2025 to 29 Apr 2032
CPV classifications
66520000 66131100 66141000 66510000 66511000 66512000 66522000 66523100 48000000 75310000 79900000

Submission & procedure

Submission deadline
17 Mar 2025, 1:00 pm

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£19.0m

Award date

28 May 2025

Contract start

30 Apr 2025

Contract end

29 Apr 2032