---
title: "Pension administration - ESPS"
ocid: "ocds-b5fd17-f10fe4f3-a07f-43df-bb30-d8cfa659d1c2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-f10fe4f3-a07f-43df-bb30-d8cfa659d1c2"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-f10fe4f3-a07f-43df-bb30-d8cfa659d1c2.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-f10fe4f3-a07f-43df-bb30-d8cfa659d1c2.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "MAGNOX LTD"
published: "2023-07-27"
---

# Pension administration - ESPS

Buyer: MAGNOX LTD  
Current stage: Award  
OCID: ocds-b5fd17-f10fe4f3-a07f-43df-bb30-d8cfa659d1c2

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## Summary

The procurement process for the tender titled "Pension administration - ESPS" was awarded to Railpen Limited by Magnox Ltd. The procurement method used was a direct procurement with a single tender action below the threshold. The contract value is £3,000,000 GBP with a contract period starting on September 1, 2023, and ending on August 31, 2027. The tender was related to pension services and had a tender period ending on August 31, 2023.

This tender for pension administration services provides an opportunity for businesses interested in providing services in the pension industry. Companies with expertise in pension services and administration would be well-suited to compete for this tender. Magnox Ltd, the buying organization, aimed to procure these services through a direct procurement method, ensuring a streamlined process for awarding the contract to Railpen Limited. The contract period provides a long-term engagement opportunity for the successful supplier to deliver the required services.

## Notice

A pension administration service provider for the Electricity Supply Pension Scheme (ESPS) .

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/029ac1b4-fff2-4bf0-a23c-900d1b4ec29e |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 27 Jul 2023 |
| Submission deadline | 31 Aug 2023 |
| Future notice date | Not specified |
| Award date | 27 Jul 2023 |
| Contract period | 31 Aug 2023 - 31 Aug 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £3,000,000 |
| Lots value | Not specified |
| Awards value | £3,000,000 |
| 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 | MAGNOX LTD |
| Locality | THORNBURY |
| Post town | Bristol |
| Postcode | BS35 1RQ |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK5 West of England |
| ITL 3 | TLK52 Bath & North East Somerset and South Gloucestershire |
| Local authority | South Gloucestershire |
| Electoral ward | Severn Vale |
| Westminster constituency | Thornbury and Yate |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | RAILPEN |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66520000 - Pension services

## Release History

- 27 Jul 2023 at 09:46 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/029ac1b4-fff2-4bf0-a23c-900d1b4ec29e

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/029ac1b4-fff2-4bf0-a23c-900d1b4ec29e
  27th July 2023 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-f10fe4f3-a07f-43df-bb30-d8cfa659d1c2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-f10fe4f3-a07f-43df-bb30-d8cfa659d1c2.json.