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Official procurement procedure

Pension administration services

Group pension services
Insurance and pension services
Pension services
South East (UKJ14)
Published value
Not published
Submission deadline Not published
Lots published1
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: United Kingdom Atomic Energy Authority: "Pension administration services". Published status: complete. Published value: Value not published. 1 published lot. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityUnited Kingdom Atomic Energy AuthorityScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: United Kingdom Atomic Energy Authority
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for United Kingdom Atomic Energy Authority. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
4Bids / Report
28.9% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 53 active published awards; 45 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 Unpublished data stays unknown.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.
Procedure terms
Contracting AuthorityUnited Kingdom Atomic Energy Authority
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
Published2 Dec 2024, 14:22 GMT
Last source update2 Dec 2024, 14:22 GMT
Recurring procurementNot published
ClassificationGroup pension services, Insurance and pension services, Pension services
Delivery area
South East (UKJ14)
OCIDocds-h6vhtk-04c183
What is being bought
Pension administration services
What changed
From the official release history
  1. Status changed to complete
    2 Dec 2024, 14:22 GMT
  2. Official notice release published
    2 Dec 2024, 14:22 GMT
  3. Buyer information updated
    2 Dec 2024, 14:22 GMT
Lots and requirements (1)
Published by the contracting authority
  • Lot 1 · #1
    Individual lot title not published
    Status not published
    Published valueNot published
    Pension administration services
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    2 Dec 2024, 14:22 GMT
  2. Award active
    Not published · Not published
  3. Contract active
    Signed 8 Oct 2024, 00:00 BST · £6,500,000
Commercial outcome and competition
Awards
Paymaster (1836) Limited
Not published · Not published · active
Contracts
Pension administration services
£6,500,000 · signed 8 Oct 2024, 00:00 BST · active
Bid statisticsNo aggregate bid statistics published
Buyer and organisations in this procedure

United Kingdom Atomic Energy Authority

Contracting authority GB-FTS-102343
View buyer profile

  • United Kingdom Atomic Energy Authority
    buyer

    N/A
    Culham Campus, Abingdon, UKJ14, OX14 3DB
    caroline.gow@ukaea.uk
    +44 123546

  • Paymaster (1836) Limited
    supplier

    03249700
    Sutherland House, Russell Way, Crawley, West Sussex RH10 1UH , Crawley, UKJ2, RH10 1UH

  • UK Atomic Energy Authority
    mediationBody
    reviewBody
    reviewContactPoint

    Culham Science Centre, Abingdon, OX14 3DB
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published
Planning and rationale
Planning budgetNot published
No-engagement rationaleNot published
Procedure rationaleThe contract is to supply pension administration services to UKAEA. UKAEA acts as scheme manager for several pension schemes, meaning there is a statutory requirement to run the schemes. There is no service requirement for investment management or advice under this contract. Reason for non-competitive action - Timing and cost Issue caused by legislation (see below) Under the Public Service Pensions Act 2013 the UKAEA pension scheme (‘Scheme’) is required to close to future accrual (i.e. individuals will stop building up pension) and ensure active members start building up pension in ‘alpha’, part of the civil service pension scheme. The alpha contract is overseen by the Cabinet Office. UKAEA’s role in this will be as an employer, rather than contract manager. This legally-mandated change was due to occur in 2017-18, however this has now been delayed until late 2026. The existing contract for Pension administration services expires in March 2025. Once the move to alpha occurs, the existing Scheme will have only deferred and pensioner members. Deferred members are those who are no longer building up pension but have not yet retired. The UKAEA Scheme has 40k members, of which 4k are active. Due to the transition costs and the duration it would take to transition to a new supplier with then having to halt any active member work from 2026 due to alpha ie the contract will need to have 12-18 months of a full admin service, then dropping down to just deferred/pensioners we will direct awarded to our existing administration providers to ensure continuity of service for this work.