Pension administration services

UNITED KINGDOM ATOMIC ENERGY AUTHORITY

There is 1 contract in this contracting process.

Summary of the contracting process

The United Kingdom Atomic Energy Authority (UKAEA) has completed a tender process for "Pension administration services" in the services category, specifically within the "Group pension services" industry classified under CPV code 66522000. This procurement covers services in the UKJ14 region, with the final contract awarded and signed on 8th October 2024. This process followed a limited procurement method, negotiated without publication of a contract notice, due to the absence of competition for technical reasons. The procurement aimed to ensure continued pension administration services, particularly during the forthcoming transition to the civil service pension scheme under the Public Service Pensions Act 2013. The contract, valued at £6,500,000, will remain active until March 2025.

This tender presents significant opportunities for businesses specialising in pension and insurance services, especially those equipped for handling large-scale administration transitions and statutory compliance. The contract with UKAEA, an established public body with a large member base, offers a stable and substantial engagement, beneficial for growth in the sector. Companies with experience in large-scale organisational pension transitions, akin to the ongoing shift of the UKAEA pension scheme members to the civil service scheme, are well-suited to compete in such tenders leveraging their expertise and the continuity of service required by statutory mandates.

This is an AI-generated summary 🚀

How useful is this summary?

Award, Contract

Pension administration services

UNITED KINGDOM ATOMIC ENERGY AUTHORITY

Contract Timeline

Publication Date

2nd December 2024 14:22:52 PM
Contract Summary

Pension administration services
Contract Details

Open Contracting ID

ocds-h6vhtk-04c183

Publication Source

Find a Tender Service

Procurement Stage

Award, Contract

Procurement Method

Limited

Procurement Method Details

Negotiated Without Publication Of A Contract Notice

Procurement Category

Services

Tender Suitability

Framework / DPS
Contract Classification

CPV Code(s)

66522000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

UNITED KINGDOM ATOMIC ENERGY AUTHORITY

Buyer Name

Caroline Gow

Buyer Email

caroline.gow@ukaea.uk

Buyer Phone

+44 123546

Buyer Address

Culham Campus

Abingdon

OX14 3DB

United Kingdom
Awarded Supplier(s)

Supplier Name(s)

PAYMASTER (1836) LIMITED

View contract on Find a Tender Service

Pension administration services

UNITED KINGDOM ATOMIC ENERGY AUTHORITY

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

Awarded Supplier(s)