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Find a TenderAwarded without competitionContract termination notice
Published 21 Apr 2026, 10:56 BST

Official UK procurement notice

2025/26 Pension Fund - Investment Advice (Recharge to Scheme)

Authority: Nuclear Restoration Services Limited (Public body)

Direct awardSME suitable
Sectors: Financial and insurance services (66) Delivery: Delivery location not published
Awarded value£1,277,931published award · exc. VAT
Awarded 4 Jun 2025no call for competition
Awarded to AON Investments Ltd2 awards

What is being bought

Published requirement description

The Trustee has appointed AON as the investment adviser for the pension scheme, in line with legal requirements for trustees to use regulated professionals. Investment advice costs are recharged to the pension fund, not paid directly by the employer, although the employer ultimately funds the scheme.

The lotProcurement structure

single lot · no lot value published
Lot #1Lot 1AwardedSME
Eligibility: SME eligible
66131100 Pension investment services

Procedure terms & legal framework

From the official record
Procedure method
Direct award
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Notice status
Awarded without competition
Procurement threshold
Unspecified in notice
Regulatory regime
Standard
Commercial structure
Stand-alone contract (no framework)
Competition type
Direct award — no call for competition
GPA / WTO covered
Unspecified in notice
Recurring procurement
No (one-off requirement)
First published
21 Apr 2026, 10:56 BST
Last source update
21 Apr 2026, 10:56 BST
Authority reference
C24467
Latest notice
Contract termination notice (UK11)
Delivery area
Not published
Official registry OCID
ocds-h6vhtk-0543a7
Why no open competition
Additional Repeat Extension Partial Replacement
Published justification
The Trustee has appointed Aon as the investment adviser, in compliance with legal requirements for pension schemes to engage a regulated professional. Under the ESPS rules, investment-related costs are the only fees that can be charged directly to the pension fund rather than the employer. Although the employer ultimately funds the scheme, these fees are recharged to the fund.

How it was run

Submission deadline
—

Timeline

2 published dates · Europe/London
  1. Standstill ends
    16 Jun 2025, 23:59 BST
  2. Notice published158 days ago
    21 Apr 2026, 10:56 BST

Commercial outcome & contract awards

Published awards, contracts and bid statistics — not a forecast
Awards 2some still in standstill
Awarded value £1,277,9311 award exc. VAT
Contracts signed 1latest 20 Jun 2025
Awarded toValueDateStatus
AON Investments LtdPension Fund - Investment Advice1 Jul 2025 — 31 Mar 2026£1,277,9314 Jun 2025standstill to 16 Jun 2025Standstill
AON Investments Ltd——Awarded

Contracts

  • 2025/26 Pension Fund - Investment Advice (Recharge to Scheme) · AON Investments Ltd

    Signed
    20 Jun 2025
    Value
    £1,277,931
    Period
    23 Jun 2025 — 31 Mar 2026
    Status
    terminated
    Final value
    £1,243,193
    Termination
    contractCompleted

Notice history

8 events · 4 releases on Find a Tender · since 5 Jun 2025
  1. Contract termination notice published
    21 Apr 2026, 10:56 BSTUK11
  2. Status changed
    21 Apr 2026, 10:56 BST
  3. Procurement method changed
    21 Apr 2026, 10:56 BST
  4. Buyer details updated
    21 Apr 2026, 10:56 BST
  5. Contract signature expected
    30 Jun 2025, 23:59 BSTscheduled
  6. Contract details notice published
    23 Jun 2025, 16:44 BSTUK7
  7. Contract award notice published
    5 Jun 2025, 15:00 BSTUK6
  8. Transparency notice published
    5 Jun 2025, 14:04 BSTUK5
Routine re-releases (4)
  • 2025-06: 1 release · 5 Jun 2025

Contracting authority & participating public bodies

Nuclear Restoration Services Limited

Contracting authorityPublic authority - sub-central government GB-PPON: PXPQ-2228-DGTY Hinton House, Birchwood Park Avenue, Risley, Warrington, North West, WA3 6GR

Bidders & participating suppliers

2 commercial parties on the notice

Official documents & specifications (5)

Official links; attachments are not copied

Tender pack and attachments

  • Conflict of interest declarationtenderConflict of interest declarationNot published

Notices published for this procedure