---
title: "Pension administration services"
ocid: "ocds-h6vhtk-04c183"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-04c183"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c183.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-04c183.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UNITED KINGDOM ATOMIC ENERGY AUTHORITY"
published: "2024-12-02"
---

# Pension administration services

Buyer: UNITED KINGDOM ATOMIC ENERGY AUTHORITY  
Current stage: Award  
OCID: ocds-h6vhtk-04c183

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## Summary

The United Kingdom Atomic Energy Authority (UKAEA) has completed a tender process for "Pension administration services" in the services category, specifically within the "Group pension services" industry classified under CPV code 66522000. This procurement covers services in the UKJ14 region, with the final contract awarded and signed on 8th October 2024. This process followed a limited procurement method, negotiated without publication of a contract notice, due to the absence of competition for technical reasons. The procurement aimed to ensure continued pension administration services, particularly during the forthcoming transition to the civil service pension scheme under the Public Service Pensions Act 2013. The contract, valued at £6,500,000, will remain active until March 2025.

This tender presents significant opportunities for businesses specialising in pension and insurance services, especially those equipped for handling large-scale administration transitions and statutory compliance. The contract with UKAEA, an established public body with a large member base, offers a stable and substantial engagement, beneficial for growth in the sector. Companies with experience in large-scale organisational pension transitions, akin to the ongoing shift of the UKAEA pension scheme members to the civil service scheme, are well-suited to compete in such tenders leveraging their expertise and the continuity of service required by statutory mandates.

## Notice

Pension administration services

### Procurement Information

The contract is to supply pension administration services to UKAEA. UKAEA acts as scheme manager for several pension schemes, meaning there is a statutory requirement to run the schemes. There is no service requirement for investment management or advice under this contract. Reason for non-competitive action - Timing and cost Issue caused by legislation (see below) Under the Public Service Pensions Act 2013 the UKAEA pension scheme ('Scheme') is required to close to future accrual (i.e. individuals will stop building up pension) and ensure active members start building up pension in 'alpha', part of the civil service pension scheme. The alpha contract is overseen by the Cabinet Office. UKAEA's role in this will be as an employer, rather than contract manager. This legally-mandated change was due to occur in 2017-18, however this has now been delayed until late 2026. The existing contract for Pension administration services expires in March 2025. Once the move to alpha occurs, the existing Scheme will have only deferred and pensioner members. Deferred members are those who are no longer building up pension but have not yet retired. The UKAEA Scheme has 40k members, of which 4k are active. Due to the transition costs and the duration it would take to transition to a new supplier with then having to halt any active member work from 2026 due to alpha ie the contract will need to have 12-18 months of a full admin service, then dropping down to just deferred/pensioners we will direct awarded to our existing administration providers to ensure continuity of service for this work.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/038769-2024 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Negotiated without publication of a contract notice |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 2 Dec 2024 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 7 Oct 2024 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £6,500,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UNITED KINGDOM ATOMIC ENERGY AUTHORITY |
| Locality | ABINGDON |
| Post town | Oxford |
| Postcode | OX14 3DB |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ1 Berkshire, Buckinghamshire and Oxfordshire |
| ITL 3 | TLJ14 Oxfordshire CC |
| Local authority | South Oxfordshire |
| Electoral ward | Sandford & the Wittenhams |
| Westminster constituency | Didcot and Wantage |
| Delivery location | TLJ14 Oxfordshire CC |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | PAYMASTER (1836 |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66500000 - Insurance and pension services
- 66520000 - Pension services
- 66522000 - Group pension services

## Release History

- 2 Dec 2024 at 14:22 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/038769-2024

## Notice URLs

- http://www.gov.uk/government/organisations/uk-atomic-energy-authority
- https://www.gov.uk/government/organisations/uk-atomic-energy-authority

## 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-h6vhtk-04c183. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-04c183.json.