RFP QuestBeta
Awarded · ResultStage · contract

BEIS

Great British Nuclear (GBN) Workplace Pension Scheme

Financial ServicesCPV 66520000
Value£1.3m
Awarded23 Oct 2023
Published22 Sept 2023
RegionUK-wide
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£1.3mtotal contract value
median £150k
this tender£0£4.7m

This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

The Government is committed to a programme of new nuclear projects beyond Sizewell C, giving industry and investors the confidence, they need to deliver projects at speed.

Great British Nuclear (GBN) was launched to lead delivery of a programme of new nuclear projects.

GBN is an executive non-departmental public body, sponsored by the Department for Energy Security and Net Zero.

GBN will implement UK policy on new nuclear generation, ensuring energy security and implement a programme that will deliver faster, better value projects with private sector investment.

GBN intends to establish a Defined Contribution (DC) pension plan for its employees which will also act as the auto-enrolment scheme.

GBN is seeking a provider to establish a Defined Contribution workplace pension for its employees.

All employees will be new staff as such there are no existing DC assets to transfer into the new pension plan.

GBN reserves the right to extend the pension provision to any subsidiary which may be set up.

GBN reserves the right not to make any award at all, or where an award is made not to extend provision to any subsidiary which may be set up.

The estimated total value is indicative only and is based upon GBN's current understanding of the market, the potential costs of the Total Expense Ratio charge and prior to the conduct of the competitive procurement process.

Key requirements

What the supplier must deliver

01

The Government is committed to a programme

The Government is committed to a programme of new nuclear projects beyond Sizewell C, giving industry and investors the confidence, they need to deliver projects at speed.

02

GBN will implement UK policy on new

GBN will implement UK policy on new nuclear generation, ensuring energy security and implement a programme that will deliver faster, better value projects with private sector investment.

Derived from the notice text — always confirm against the original documents.

What this bid requires

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Source & provenance
OCID
c1c359e1-d15e-4d42-9d2e-5f1c76f2337d
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
tender_370032/1260383
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

Market context

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