---
title: "Pensions Administration Services for the UoB Pension and Assurance Scheme"
ocid: "ocds-b5fd17-c1a9dd2a-5521-4bc8-8b16-b68694cf22f7"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-c1a9dd2a-5521-4bc8-8b16-b68694cf22f7"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-c1a9dd2a-5521-4bc8-8b16-b68694cf22f7.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-c1a9dd2a-5521-4bc8-8b16-b68694cf22f7.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "UNIVERSITY OF BRISTOL"
published: "2018-08-17"
---

# Pensions Administration Services for the UoB Pension and Assurance Scheme

Buyer: UNIVERSITY OF BRISTOL  
Current stage: Award  
OCID: ocds-b5fd17-c1a9dd2a-5521-4bc8-8b16-b68694cf22f7

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## Summary

The University of Bristol is seeking Pensions Administration Services for its Pension and Assurance Scheme, with the aim of appointing a third party through a competitive tender process. The contract, valued at £922,778, is currently in the award stage following its conclusion on 3rd October 2017 and will commence on 1st October 2018, lasting for five years until 30th September 2023. The procurement method used is a competitive procedure with negotiation, and the services are classified under the CPV code 66523100, specifically for pension fund administration services. The delivery address for the services is in Bristol, South West England.

This procurement opportunity offers significant growth potential for businesses that specialise in pension administration and financial services. Companies with expertise in member record-keeping, regulatory compliance, and client reporting would be well-suited to compete for this contract. Additionally, service providers capable of managing complex client needs in the pension sector will find this opportunity particularly appealing, especially given the scheme's substantial asset base of approximately £300 million and a member base of over 4,800 individuals.

## Notice

The Trustees of the University of Bristol Pension and Assurance Scheme have decided to appoint a third party to administer the scheme. The University of Bristol, which currently administers the scheme, has been instructed by the Trustees of the Scheme to run a tender process with the intention of identifying and awarding a contract to the most economically advantageous tender. The decision to award a contract to the highest scoring bidder was made by the Scheme's Trustees. At the date of the last annual report the scheme, which is closed to new members, had a total of 4 840members, (968 active members, 1 565 pensioners, 211 dependants and 2 096 deferred pensions held in the fund). The scheme has assets of approximately 300 000 000 GBP. Essential services to be provided include, but are not limited to: Member record keeping - includes benefit calculations and preparation of annual benefits statements; Dealing with member cases directly (e.g. transfers, retirements, queries); Client reporting (e.g. admin reports or real time information); Liaison with death benefit insurers; Pensioner Payroll; Treasury and accounting (including cash management and preparation of annual report and accounts); Interfacing with the University of Bristol's HR and Payroll system; Dealing with regulatory authorities; Attendance at Trustee meetings. Services of interest but not vital include: Online access for members and Trustees Possible ad hoc additional services include: Member Communication (e.g. production of an annual newsletter); Broking of group life insurance.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/dae84c29-1d2f-4694-bd43-402b7c6eebec |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Competitive procedure with negotiation (above threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Aug 2018 |
| Submission deadline | 3 Oct 2017 |
| Future notice date | Not specified |
| Award date | 8 Jul 2018 |
| Contract period | 30 Sep 2018 - 30 Sep 2023 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £750,000 |
| Lots value | Not specified |
| Awards value | £922,778 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UNIVERSITY OF BRISTOL |
| Locality | BRISTOL |
| Post town | Bristol |
| Postcode | BS2 8BB |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK5 West of England |
| ITL 3 | TLK51 Bristol, City of |
| Local authority | Bristol, City of |
| Electoral ward | Central |
| Westminster constituency | Bristol Central |
| Delivery location | TLK South West (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BARNETT WADDINGHAM |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66523100 - Pension fund administration services

## Release History

- 17 Aug 2018 at 12:48 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/dae84c29-1d2f-4694-bd43-402b7c6eebec
- 5 Sep 2017 at 07:10 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f21b2e8b-b431-4743-bf20-89c210c644df

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/dae84c29-1d2f-4694-bd43-402b7c6eebec
  17th August 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/f21b2e8b-b431-4743-bf20-89c210c644df
  5th September 2017 - Opportunity notice on Contracts Finder
- https://tenders.bris.ac.uk
  Link to eSourcing Portal

## Notice URLs

- http://www.bristol.ac.uk

## Provenance

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