Published date: 5 September 2017
This notice was replaced on 17 August 2018
This notice does not contain the most up-to-date information about this procurement. The most recent notice is:
Awarded contract (published 17 August 2018)
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Pension fund administration services - 66523100
Location of contract
South West
Value of contract
£750,000 to £1,200,000
Procurement reference
tender_144507/593426
Published date
5 September 2017
Closing date
3 October 2017
Contract start date
1 April 2018
Contract end date
31 March 2026
Contract type
Service contract
Procedure type
Other
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. Pi Consulting (UK) Ltd has been engaged to assist with the process.Any decision to award a contract will require the approval of the Scheme's Trustees.
At the date of the last annual report the scheme, which is closed to new members, had a total of 4,840 members, (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.
The initial contract period will be for 5 years with an option to extend for a maximum of a further 3 years. The dates indicated in Section 1 assume that the option to extend is exercised in full.
About the buyer
Contact name
Martyn Dean
Address
1-9 Old Park Hill
Bristol
BS2 8BB
England
Telephone
0117 9546369
Website
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