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2025/26 Pension Fund - Investment Advice (Recharge to Scheme)

Nuclear Restoration Services Limited

This public procurement record has 4 releases in its history.

ContractTermination

21 Apr 2026 at 10:56

UK11 - Contract Termination Notice
Award

23 Jun 2025 at 16:44

UK7 - Contract Details Notice
Award

05 Jun 2025 at 15:00

UK6 - Contract Award Notice
Award

05 Jun 2025 at 14:04

UK5 - Transparency Notice
Summary of the contracting process

The public procurement process for the 2025/26 Pension Fund - Investment Advice was initiated by Nuclear Restoration Services Limited, a sub-central government public authority based in Warrington, United Kingdom. The process encompasses advisory services targeting pension fund investment, classified under pension investment services (CPV 66131100). Following a direct award method, AON Investments was appointed as the supplier. The contract commenced on 1st July 2025 and concluded on 31st March 2026, with an award notification dated 5th June 2025. The contract's status progressed from active to now terminated due to the completion of its objectives, having achieved a final gross contract value of £1,493,831.80.

This procurement process offers growth opportunities specifically for businesses adept in providing regulated financial advisory services, especially larger firms familiar with pension scheme investment advisory. With the direct award procurement method, competition is limited; however, established firms specialising in pension investment services would find such tenders beneficial for extending their market reach within governmental frameworks. The engagement in this tender allows businesses to showcase their expertise in compliance with legal standards for regulated professionals, ultimately bolstering their portfolio and relationships with governmental clients like Nuclear Restoration Services Limited.

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Notice Information

Notice Title

2025/26 Pension Fund - Investment Advice (Recharge to Scheme)

Notice Description

The Trustee has appointed AON as the investment adviser for the pension scheme, in line with legal requirements for trustees to use regulated professionals. Investment advice costs are recharged to the pension fund, not paid directly by the employer, although the employer ultimately funds the scheme.

Procurement Information

The Trustee has appointed Aon as the investment adviser, in compliance with legal requirements for pension schemes to engage a regulated professional. Under the ESPS rules, investment-related costs are the only fees that can be charged directly to the pension fund rather than the employer. Although the employer ultimately funds the scheme, these fees are recharged to the fund.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0543a7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/035964-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK11 - Contract Termination Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66131100 - Pension investment services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£1,277,931 £1M-£10M
Contracts Value
£1,277,931 £1M-£10M

Notice Dates

Publication Date
21 Apr 20264 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
4 Jun 20251 years ago
Contract Period
23 Jun 2025 - 31 Mar 2026 6-12 months
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active, Pending
Contracts Status
Terminated

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Nuclear Restoration Services Limited
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
WARRINGTON
Postcode
WA3 6GR
Postcode Area
Warrington
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD6 Cheshire
Small Region (ITL 3)
TLD61 Warrington
Delivery Location
Not specified
Local Authority
Warrington
Electoral Ward
Birchwood
Westminster Constituency
Warrington North

Supplier Information

Number of Suppliers
2
Supplier Names

AON Investments

AON Investments Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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