RFP QuestBeta
Awarded · ResultStage · contract

University of Bristol

Pensions Administration Services for the UoB Pension and Assurance Scheme

Financial ServicesCPV 66000000 66500000 66520000 66523000
Value£923k
Awarded2 Oct 2017
Published17 Aug 2018
RegionSouth West
Outcome — awarded

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

Contract value in context
£923ktotal 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 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.

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Source & provenance
OCID
dae84c29-1d2f-4694-bd43-402b7c6eebec
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
tender_144507/692923
View the original notice on Contracts Finder

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

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