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Defined Contribution Pension Administration and Investment Services

COMBINED NUCLEAR PENSION PLAN TRUSTEES LIMITED

This public procurement record has 2 releases in its history.

Tender

28 Jul 2026 at 16:42

UK4 - Tender Notice
Planning

17 Jun 2026 at 15:00

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

Combined Nuclear Pension Plan Trustees Limited is seeking a bundled defined contribution pension service covering pension administration and investment. The service must support both pension accumulation and decumulation for a multi-employer pension arrangement. Delivery is across the United Kingdom. The arrangement has approximately 16,000 members and approximately £1.2 billion in assets, so the requirement is suited to providers with established pension administration, investment management and member servicing operations. The buyer is the trustee of the Combined Nuclear Pension Plan. Muse Advisory Limited is managing the procurement and responding to queries. The procurement is categorised as financial and insurance services, covering the administration and investment of defined contribution pension arrangements.

The process has reached tender: the buyer invited offers through an open procedure. Bids may be submitted electronically in English to the stated submission contact or through the adviser’s website. The tender deadline set by the buyer is 24 August 2026 at 5pm. The planned award decision date is 6 November 2026. The contract is scheduled to run from 14 March 2027 to 13 March 2033, with renewal by mutual agreement and a maximum possible end date of 13 March 2037. The estimated value is £37,500,000 including tax, for one lot. Evaluation is based on member experience (30%), fund range and default requirements (20%), client experience (15%), low-risk controlled and sustainable operation (10%), transition of services and assets (10%), costs (10%) and contracts (5%).

This opportunity suits pension providers, investment managers and specialist administrators able to deliver an integrated defined contribution service rather than a standalone administration or investment product. Strong candidates will need the operational capacity to support approximately 16,000 members and manage a large asset base within a multi-employer arrangement. Relevant capability includes reliable accumulation and decumulation administration, member communications and support, client relationship management, fund selection and a suitable default investment approach. Suppliers should also be able to plan and execute the transition of existing services and assets while maintaining a low-risk, well-controlled and sustainable operation. Experience demonstrating good member and client outcomes will be important, as will the ability to provide the required contractual arrangements and a competitive cost model.

How relevant is this notice?

Notice Information

Notice Title

Defined Contribution Pension Administration and Investment Services

Notice Description

Combined Nuclear Pension Plan Trustees Limited (the "Trustee") intends to procure a bundled defined contribution pension service, comprising administration and investment services, including the provision of services for both pension accumulation and decumulation. The services will support a multi-employer pension arrangement with approximately 16,000 members and assets of approximately PS1.2 billion. The contract is expected to commence on 14th March 2027.

Planning Information

Service providers who express an interest in the premarket engagement may request a questionnaire from paul.armitage@museadvisory.com including the following detail: • Quote Reference: CNPP-DC Administration • Full name • Company/organisation name • Contact details: email and phone number The Trustee would like service providers to respond to the request for premarket engagement before 5pm on 24th June 2026. Responses should be sent to paul.armitage@museadvisory.com Once the preliminary market engagement has closed, the Trustee will review feedback received to inform the structure and approach to the forthcoming procurement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06b736
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/071415-2026
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
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£37,500,000 £10M-£100M
Lots Value
£37,500,000 £10M-£100M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
28 Jul 20264 weeks ago
Submission Deadline
24 Aug 2026Expired
Future Notice Date
24 Jun 2026Expired
Award Date
Not specified
Contract Period
14 Mar 2027 - 13 Mar 2033 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
COMBINED NUCLEAR PENSION PLAN TRUSTEES 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
MOOR ROW
Postcode
CA24 3HU
Postcode Area
Carlisle
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
Not specified
Local Authority
Cumberland
Electoral Ward
Egremont North and St Bees
Westminster Constituency
Whitehaven and Workington

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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