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Provision of NDA Pensions Funding, Investment and Strategy Support

Nuclear Decommissioning Authority

This public procurement record has 2 releases in its history.

Award

18 Sep 2026 at 09:53

UK7 - Contract Details Notice
Award

24 Aug 2026 at 10:24

UK6 - Contract Award Notice
Summary of the contracting process

The Nuclear Decommissioning Authority commissioned pensions funding, investment and strategy support. The service covers pension investment advice and related actuarial, benefits and governance consultancy under the National LGPS Framework Actuarial, Benefits and Governance Consultancy Services. It is a professional services requirement for supporting the Authority’s pension arrangements, including funding strategy, investment decisions and pension governance. The work is delivered for the Authority in the United Kingdom. The procurement comprises one completed lot and follows a further competition under the framework. The named requirement is suitable for firms specialising in institutional pension consultancy, investment strategy and public-sector pension governance rather than general financial advice or stand-alone investment management.

The procurement is complete and has been awarded following a competitive further competition under a framework, using a selective procedure. Mercer Limited was awarded the contract on 21 August 2026. The award value is £660,000 excluding VAT, or £792,000 including VAT. The award period runs from 10 September 2026 to 9 September 2030, with a possible 12-month renewal to 9 September 2031. The contract was signed on 10 September 2026 and runs from 14 September 2026 to 13 September 2030, with a possible 12-month renewal to 13 September 2031. The contract is active and above the relevant threshold. Performance includes delivering all agreed deliverables to the proposed timelines and costings.

This award shows established demand from the Nuclear Decommissioning Authority for integrated pension consultancy covering funding, investment and strategy support, alongside actuarial, benefits and governance expertise. Firms considering comparable future work would need credible capability across institutional pension funding analysis, investment strategy and governance, with the capacity to support a central government public authority over a multi-year engagement. Experience of the Local Government Pension Scheme framework environment and of competing through a further competition would be directly relevant. A strong competitor would also need to demonstrate disciplined delivery against proposed timescales and costings, because the agreed performance measure requires all deliverables to meet those commitments. The selected supplier is a large professional services firm, indicating a requirement that can suit organisations with substantial specialist resources and delivery capacity.

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Notice Information

Notice Title

Provision of NDA Pensions Funding, Investment and Strategy Support

Notice Description

Provision of NDA Pensions Funding, Investment and Strategy Support. Call-off following a further competition - NCCT43062 National LGPS Framework Actuarial, Benefits and Governance Consultancy Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06ea36
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/088493-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Award under framework
Tender Suitability
Not specified
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
£660,000 £500K-£1M
Contracts Value
£660,000 £500K-£1M

Notice Dates

Publication Date
18 Sep 20261 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
21 Aug 20262 months ago
Contract Period
14 Sep 2026 - 13 Sep 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Complete
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Nuclear Decommissioning Authority
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CUMBRIA
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

Supplier Information

Number of Suppliers
1
Supplier Name

Mercer 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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