Tender

TRHS0016 Provision of Pension Scheme for the Euston Delivery Company

DEPARTMENT FOR TRANSPORT

This public procurement record has 3 releases in its history.

Tender

11 May 2026 at 09:16

PlanningUpdate

11 May 2026 at 09:09

Planning

11 May 2026 at 08:56

Summary of the contracting process

The Department for Transport is seeking to appoint a pension provider for the Euston Delivery Company (EDC). This procurement process, initiated on 11 May 2026, falls under the industry category of pension services, specifically covering pension investment, fund management, and consultancy services. The contract will be in the form of an open procedure with an estimated value of £1,680,000 including VAT. Interested parties must ensure submission by 5 June 2026 and can expect an award decision by 8 July 2026. The services will commence in July 2026 and cover a three-year period, with the possibility of extensions for up to two additional years. The location of service delivery is the United Kingdom.

This tender presents a significant business growth opportunity for companies specialising in establishing and managing pension schemes. It suits mid to large-scale firms equipped to handle a maximum expected workforce of 60 employees for a newly government-owned company, not part of the civil service. Businesses offering both Master Trust and Contract-based pension solutions can compete for this contract, particularly those that cater to the unique needs of new government entities. SMEs are especially encouraged to participate, with quality and price being the key award criteria. The successful tenderer will initially work with the Department for Transport, with contract responsibility transferred to EDC upon award, creating a long-term partnership potential.

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Notice Title

TRHS0016 Provision of Pension Scheme for the Euston Delivery Company

Notice Description

Subject to approvals, The Department of Transport (DfT) on behalf of the Euston Delivery Company (EDC) ("Buyer") is looking to appoint a pension provider for the provision of a pension scheme. The EDC is a new government-owned organisation so is not part of the civil service and is not covered by the current civil service pension arrangements. The service required is as follows: * Provision of a qualifying workplace pension scheme for a new government-owned company. * The pension scheme will be established for a maximum expected workforce of 60 EDC employees, who will be eligible to join the EDC pension scheme. EDC employees will be onboarded incrementally, with the first employees expected to commence employment from September 2026 onwards. * The pension scheme is required to be in place within 3 months from September 2026. * Terms are being requested based on an initial three-year pension scheme length, with an option, at the Buyer's sole discretion, to extend the Contract for up to an additional two years, exercisable in one-year increments (1+1). * Both a Master Trust and Contract based solution will be considered. The DfT is procuring the Services under this Contract. It is anticipated that, following contract award, responsibility for the Contract will be transferred from DfT to the EDC. The Contract will be novated to the EDC on terms to be agreed with the successful Tenderer ("Supplier"), at which point the EDC shall assume all rights, obligations and liabilities under the Contract from the effective date of novation.

Lot Information

Lot 1

Renewal: This Contract will have the option to be extended for up to an additional two (2) years, exercisable in one-year increments (1+1)

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06954c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/042841-2026
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66131100 - Pension investment services

66141000 - Pension fund management services

66520000 - Pension services

66521000 - Individual pension services

66522000 - Group pension services

66523000 - Pension fund consultancy services

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
£1,400,000 £1M-£10M
Lots Value
£1,400,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 May 20263 days ago
Submission Deadline
5 Jun 20263 weeks to go
Future Notice Date
11 May 2026Expired
Award Date
Not specified
Contract Period
7 Jul 2026 - 7 Jul 2029 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
DEPARTMENT FOR TRANSPORT
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1P 4DR
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
Vincent Square
Westminster Constituency
Cities of London and Westminster

Open Contracting Data Standard (OCDS)

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