Pension Scheme (Defined Contribution) and Employee Benefits

CPV: Accident and health insurance services · Benefit services · Group pension services · Insurance services · Life insurance services · Miscellaneous business and business-related services · Pension fund administration services · Pension fund management services · Pension investment services · Pension services · Software package and information systems

Places

up to 3 suppliers · 7 bids received (2.3 per place) · 2 appointed

Framework period

7 yrs from 1 May 2025, See section VI Additional Information

Procedure method

Open procedure

Legal basis

CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)

Procurement category

Services

Notice status

Awarded

Procurement threshold

Unspecified in notice

Regulatory regime

Standard

Commercial structure

Framework agreement

Who may use this agreement

Not stated in the notice; call-off rights may be limited to the establishing authority

Competition type

Competitive procedure

GPA / WTO covered

Yes (GPA)

Recurring procurement

No (one-off requirement)

First published

1 Nov 2024, 17:49 GMT

Last source update

29 Aug 2025, 10:32 BST

Award evaluation window

17 Mar 2025 – …

Authority reference

PFB3038NW

FTS notice number

2025/S 000-052312

Classification (CPV)

Accident and health insurance servicesBenefit servicesGroup pension servicesInsurance servicesLife insurance servicesMiscellaneous business and business-related servicesPension fund administration servicesPension fund management servicesPension investment servicesPension services

+1 more

Software package and information systems

Delivery area

UK

Official registry OCID

ocds-h6vhtk-04b383 Find a Tender

Publisher note: This framework agreement is offered on behalf of the UK Higher and Further Education Sector. The sector currently has access to a variety of Defined Benefit schemes and some institutions have existing DC Scheme provision. Engagement with the sector in scoping the agreement indicated interest in a centrally procured solution from 50 institutions. 10 have an immediate requirement to implement this within the first 12 months. The other interested institutions indicated varying degrees of readiness to implement the scheme throughout the stated duration of the agreement. Participating institutions are seeking value for money through a centralised procurement which leverages economies of scale. This is best achieved through a contract duration that facilitates scheme participation by all interested institutions, maximising assets and offering stability to the appointed provider to deliver competitive rates for the sector. The agreement duration recognises this and the lengthy governance and implementation processes that accompany the implementation of a DC Scheme in the sector. Lots 2 and 3 are complementary provisions to support the implementation of a Defined Contribution scheme within the sector and, as such, should be co-terminus. As value for money is a driver of the procurement, the Authority reserves the right to review the competitiveness of the scheme in any decision to extend. The following organisations have committed to this procurement and intend to utilise the Framework Agreement as soon as possible after award. As such, the members and their wholly owned subsidiaries of the following Consortia may wish to utilise the Agreement and should have access at any point: NWUPC https://www.nwupc.ac.uk/our-members APUC http://www.apuc-scot.ac.uk/#!/members HEPCW https://www.hepcw.ac.uk/members/ LUPC https://www.lupc.ac.uk/member-list NEUPC http://www.neupc.ac.uk/our-members SUPC https://www.supc.ac.uk/about-us/our-members/our-members At some point during the life of the Framework Agreement, higher education providers registered by the Office for Students at the following link (OfS Register) may wish to utilise the Agreement and should have access at any point with the permission of NWUPC. This Agreement is not intended to replace any current Agreements that either participating or non-participating Institutions may already have in place. The following individual Organisation (not its individual members) is also eligible to join the Framework Agreement: Universities and Colleges Employers Association http://www.ucea.ac.uk/

Appointment period ends

17 Mar 2025, 13:00 GMT

Submission channel

{"electronicSubmission","written"}

Accepted languages

en

Bids opened

17 Mar 2025, 14:00 GMT

5 suppliers are admitted to this framework without individual award values or dates, see the supplier list below.

• Aviva Life & Pensions UK LimitedFramework contractor York, UK
• Personal Group Holdings Plc Framework contractor Milton Keynes, UK