2026/27 Pension Fund - Actuarial Services

NUCLEAR RESTORATION SERVICES LIMITED

This public procurement record has 4 releases in its history.

Award

23 Jun 2026 at 14:33

Award

10 Jun 2026 at 13:16

Award

12 May 2026 at 14:33

Planning

30 Apr 2026 at 09:56

Summary of the contracting process

The public procurement process for the 2026/27 Pension Fund Actuarial Services, led by Nuclear Restoration Services Limited, has been completed with a direct award to AON Solutions UK Limited. This contract, identified as C30429, is governed by the legal framework set out in the UKPGA 2023/54 and aims to provide mandatory professional actuarial services for the Magnox Group of the Electricity Supply Pension Scheme. Located in Warrington, the buying organisation operates as a sub-central government public authority. The procurement progressed through direct award due to statutory obligations under the Pensions Act 1995, with the contract period spanning from 23 June 2026 to 31 March 2027. The gross contract value is £1,470,600, with significant milestones scheduled and managed to ensure service delivery aligned with funding and valuation objectives.

This tender presents robust opportunities for businesses offering actuarial and consultancy services, ideally suited to large enterprises like AON Solutions UK Limited, which has the capability and expertise in addressing complex pension service requirements. The focus on providing high-quality services against a structured set of KPIs ensures that there is potential for reliable revenue streams and business growth. Particularly for firms capable of delivering significant valuation and funding consultations, similar future opportunities can be leveraged by maintaining strategic partnerships and demonstrating cost-efficient, reliable service delivery within the public sector framework.

How relevant is this notice?

Notice Title

2026/27 Pension Fund - Actuarial Services

Notice Description

The Trustee of the Magnox Group of the ESPS is required, under pension legislation (originally the Pensions Act 1995), to appoint a Scheme Actuary. The current Scheme Actuary is appointed through Aon. This represents the cost associated with the provision of mandatory professional actuarial services to the Trustee. The appointment is subject to periodic review by the Trustee.

Planning Information

NRS has no influence over the appointment of service provider.

Procurement Information

The trustee of the Magnox Group of the Electricity Supply Pension Scheme (ESPS) is obliged under pensions legislation (originally the Pensions Act 1995) to appoint a scheme actuary. The scheme actuary is employed by Aon. This cost relates to the provision of mandatory professional actuarial services to the trustee. The appointment of the scheme actuary is subject to periodic review by the trustee. NRS has no influence over the appointment of service providers or the determination of these costs.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-068ef5
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/059072-2026
Current Stage
Award
All Stages
Planning, Award

Procurement Classification

Notice Type
UK7 - Contract Details 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
£1,225,500 £1M-£10M
Lots Value
Not specified
Awards Value
£1,225,500 £1M-£10M
Contracts Value
£1,225,500 £1M-£10M

Notice Dates

Publication Date
23 Jun 2026Yesterday
Submission Deadline
Not specified
Future Notice Date
1 May 2026Expired
Award Date
12 May 20261 months ago
Contract Period
22 Jun 2026 - 31 Mar 2027 6-12 months
Recurrence
Not specified

Notice Status

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

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
Post Town
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

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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