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Official procurement procedure
2026/27 Pension Fund - Investment Advice
No classification published
Location not published
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: Nuclear Restoration Services Limited: "2026/27 Pension Fund - Investment Advice". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
| Contracting Authority | Nuclear Restoration Services Limited | Scope & Categories | Not published | Submission Window | complete No deadline published |
|---|---|---|---|---|---|
| Submission Gateway | Direct notice route | Legal Basis & Regime | Standard procurement | Estimated Value (exc. VAT) | Not published |
Bidder Intelligence · Authority Profile: Nuclear Restoration Services Limited
Market Analytics
Derived from OCDS awards & bid statistics
Published history for Nuclear Restoration Services Limited. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Competition Density
2.7Bids / Report
Supplier ConcentrationHigh Concentration
Mona Lifting LtdTop vendor: 100% of attributable valuePayment Terms
Check noticePublished terms
Coverage: 330 active published awards; 3 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Historical Awarded Suppliers With This Authority:
| Supplier Name | Historic Awards | Attributable GBP Value |
|---|---|---|
| Mona Lifting Ltd | 1 win | £360,000 |
Procedure terms
Contracting AuthorityNuclear Restoration Services Limited | Procedure methodNot published | Procurement categoryNot published |
Statuscomplete | Framework / DPSNot published | CompetitionNot published |
Above thresholdNot published | Legal basisNot published | Tender period startsNot published |
Clarification deadlineNot published | Electronic submissionNot published | Submission languagesNot published |
Published1 Jul 2026, 13:34 BST | Last source update1 Jul 2026, 13:34 BST | Recurring procurementNot published |
ClassificationNot published | ||
Delivery areaLocation not published | ||
OCIDocds-h6vhtk-06b35f | ||
What is being bought
The Trustee has appointed Aon as Investment Adviser to the Electricity Supply Pension Scheme (ESPS). The appointment is in line with legislative requirements which mandate that pension scheme trustees obtain advice from a suitably qualified and regulated investment adviser.
In accordance with the ESPS Trust Deed and Rules, costs associated with investment advice are permitted to be charged directly to the pension fund. These costs are not paid directly by the employer but are instead recharged to the Scheme and met from Scheme assets, which are ultimately funded by employer contributions.
What changed
From the official release history
- Official notice release published
1 Jul 2026, 13:34 BST - Status changed to complete
11 Jun 2026, 16:17 BST - Official notice release published
11 Jun 2026, 16:17 BST - Buyer information updated
11 Jun 2026, 16:17 BST
Lots and requirements (1)
Published by the contracting authority
- Lot 1 · #1Individual lot title not publishedcompletePublished valueNot publishedThe source published no individual title or description for this lot.Contract periodNot publishedEligibilityNot publishedOptions / renewalNot published
Timeline
- Procedure published
1 Jul 2026, 13:34 BST - Award active
Not published · Not published - Contract active
Signed 30 Jun 2026, 00:00 BST · £1,627,000
Commercial outcome and competition
Awards AON Investments Limited Not published · Not published · active |
Contracts 2026/27 Pension Fund - Investment Advice £1,627,000 · signed 30 Jun 2026, 00:00 BST · active Contract period: 1 Jul 2026, 00:00 BST — 31 Mar 2027, 23:59 BST |
Bid statisticsNo aggregate bid statistics published |
Buyer and organisations in this procedure
Nuclear Restoration Services Limited
Contracting authority GB-PPON-PXPQ-2228-DGTYDocuments (1)
Official links; attachments are not copied
Related procedures (0)
No related procedures published
Planning and rationale
Planning budgetNot published |
No-engagement rationaleNot published |
Procedure rationaleThe contract has been directly awarded to AON in accordance with the requirements of the Electricity Supply Pension Scheme (ESPS) Trustee. The Trustee is legally obligated to appoint a suitably qualified and regulated Investment Adviser to support the effective governance and management of the Scheme.
AON is the incumbent Investment Adviser formally appointed by the Trustee and provides regulated investment advisory services to the ESPS. As this appointment sits solely with the Trustee, the employer does not have the authority to appoint an alternative provider or to competitively tender this requirement.
In line with the ESPS Trust Deed and Rules, investment advisory fees are required to be met from the Scheme and are therefore recharged to the pension fund rather than being directly procured and paid for by the employer. These costs represent the only category of expenditure that may be charged directly to the Scheme in this way. This award is an administrative task by NRS to enable the processing and management of these charges rather than a procurement decision. Competition is not applicable in this instance, and a direct award to AON is the only compliant and appropriate route. |