Published date: 17 August 2018

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 3 October 2017

Contract summary

Industry

  • Pension fund administration services - 66523100

Location of contract

BS1 5DS

Value of contract

£750,000

Procurement reference

tender_144507/692923

Published date

17 August 2018

Closing date

3 October 2017

Contract start date

1 October 2018

Contract end date

30 September 2023

Contract type

Service contract

Procedure type

Competitive procedure with negotiation (above threshold)

Anyone may ask to participate, but only those who are pre-selected will be invited to submit initial tenders and to negotiate.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

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.

More information

Previous notice about this procurement

Pensions Administration Services for the University of Bristol Pension & Assurance Scheme

  • Opportunity
  • Published 5 September 2017

Award information

Awarded date

9 July 2018

Contract start date

1 October 2018

Contract end date

30 September 2023

Total value of contract

£922,778

This contract was awarded to 1 supplier.

Barnett Waddingham LLP

Address

Cheapside House, 138 Cheapside, London, EC2V 6BW

Reference

Companies House number: OC307678

Supplier is SME?

No

Supplier is VCSE?

No

Additional details

The tender process was conducted using Regulation 29 (Competitive procedure with negotiation) of the Public Contracts Regulations 2015.

The minimum contract value is based on the initial 5 year contract period.

About the buyer

Contact name

Martyn Dean

Address

4th Floor, Augustine's Courtyard, Orchard Lane
Bristol
BS1 5DS
England

Email

martyn.dean@bristol.ac.uk