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2025/26 Pension Fund - Actuarial Services

Nuclear Restoration Services Limited

This public procurement record has 4 releases in its history.

ContractTermination

21 Apr 2026 at 10:52

UK11 - Contract Termination Notice
Award

24 Jun 2025 at 08:41

UK7 - Contract Details Notice
Award

05 Jun 2025 at 14:56

UK6 - Contract Award Notice
Award

05 Jun 2025 at 14:28

UK5 - Transparency Notice
Summary of the contracting process

The procurement process for the "2025/26 Pension Fund - Actuarial Services" was initiated by Nuclear Restoration Services Limited, a sub-central government public authority based in Warrington, United Kingdom. The contract was awarded to AON Solutions UK Limited, with the procurement involving a direct award method due to legislative requirements for appointing a scheme actuary. The process progressed through the stages of award and contract, with key dates including the contract signing on 20th June 2025 and the implementation period concluding on 31st March 2026. Although the contract was active, it ultimately transitioned to a termination status due to completion on 21st April 2026.

This procurement, focusing on pension and actuarial services, offers business growth opportunities primarily for large-scale providers capable of direct awards under legislative mandates. Companies specialising in pension and actuarial services, such as AON, would have been well-suited to compete in this tender due to the specific professional requirements outlined by the trustee. Such contracts not only secure a substantial financial engagement, as evidenced by the contract's value in GBP, but also foster ongoing business relationships with government bodies requiring specialised financial services.

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Notice Information

Notice Title

2025/26 Pension Fund - Actuarial Services

Notice Description

The trustee of the Magnox Group of ESPS is obliged under pension legislation (originally Pensions Act 1995) to appoint a scheme actuary. Damien Kelson, who is employed by Aon, is the scheme actuary. This is the cost of provision of mandatory professional actuarial services to the trustee. This appointment will continue to be reviewed by the trustee periodically.

Procurement Information

The Trustee are required to formally appoint an Actuary under pension legislation and can only rely on advice from an Actuary - AON were chosen by the Trustee. The trustee of the Magnox Group of ESPS is obliged under pensions legislation (originally Pensions Act 1995) to appoint a scheme actuary. An individual who is employed by Aon, is the scheme actuary. This is the cost of provision of mandatory professional actuarial services to the trustee. This appointment will continue to be reviewed by the trustee periodically. NRS has no influence over the appointment of service providers or the determination of these costs.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0543b7
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/035960-2026
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

66519600 - Actuarial services

66520000 - Pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£1,101,750 £1M-£10M
Contracts Value
£1,101,750 £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
24 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
1
Supplier Name

AON Solutions UK Limited

Further Information

Notice Documents

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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