Tender

Pension Scheme (Defined Contribution) and Additional Benefits

NORTH WESTERN UNIVERSITIES PURCHASING CONSORTIUM

This public procurement record has 1 release in its history.

Tender

13 Feb 2025 at 20:39

Tender Notice
Summary of the contracting process

The North Western Universities Purchasing Consortium (NWUPC) is seeking 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 a customisable benefits platform. This procurement, open for tender until 17 March 2025, is managed in accordance with the Public Contracts Regulations 2015 and is set to commence on 1 May 2025. The contract, classified under pension services and other related categories, is slated to run until 30 April 2032. The services will be available in the United Kingdom, Channel Islands, Isle of Man, British Overseas Territories, Europe, and worldwide. The procurement is open to all interested businesses under an open procedure and is currently in the tender stage.

This tender offers significant growth opportunities for businesses specializing in pension scheme management, employee benefits, insurance services, and software solutions for benefits administration. Companies with expertise in delivering comprehensive pension fund management, life insurance, and flexible benefits platforms stand to benefit from participating in this competitive procurement process. The framework's division into three lots allows for a variety of businesses to compete for distinct service areas, thus catering to diverse business specialisations and fostering an environment ripe for business expansion and innovation.

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Notice Information

Notice Title

Pension Scheme (Defined Contribution) and Additional Benefits

Notice 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

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-a9ceacbb-6c66-416f-af43-167466b00ce2
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/bed68f4e-1936-4912-a892-d9fb44810378
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

48 - Software package and information systems

66 - Financial and insurance services

75 - Administration, defence and social security services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

48000000 - Software package and information systems

66131100 - Pension investment services

66141000 - Pension fund management services

66510000 - Insurance services

66511000 - Life insurance services

66512000 - Accident and health insurance services

66520000 - Pension services

66522000 - Group pension services

66523100 - Pension fund administration services

75310000 - Benefit services

79900000 - Miscellaneous business and business-related services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
13 Feb 20251 years ago
Submission Deadline
17 Mar 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
30 Apr 2025 - 30 Apr 2032 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NORTH WESTERN UNIVERSITIES PURCHASING CONSORTIUM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SALFORD
Postcode
M6 6FP
Post Town
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD34 Greater Manchester South West
Delivery Location
Not specified
Local Authority
Salford
Electoral Ward
Pendleton & Charlestown
Westminster Constituency
Salford

Further Information

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts. 

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