Master Trust Defined Contribution Pension Scheme Contract
Anglian Water Group currently operates an employer trust based defined contribution (DC) pension scheme and it is looking to procure the provision of a new Master Trust pension scheme.
United Kingdom-Peterborough: Pension services
Contract notice – utilities
Section I: Contracting entity
I.1)Name and addresses
Section II: Object
Master Trust DC Pension Scheme.
II.1.2)Main CPV code
II.1.3)Type of contract
The RFI and RFP documents can be downloaded from our website, Please see section 1.3. Copy and paste the following link: https://esourcing.scanmarket.com/SupplierRegistration/RegistrationPage?comId=3004&mode=0&ccsum=57aa08f02740e2c172f509ae0fa4807a
The RFI has to be completed and submitted by the 30.7.2017. The RFP shall be issued together with the RFI to all the bidders that accepted the invitation to participate to this event as ‘Read Only’. The editable RFP shall be issued only to the bidders that qualify to the RFP stage.
II.1.5)Estimated total value
II.1.6)Information about lots
II.2.2)Additional CPV code(s)
II.2.3)Place of performance
II.2.4)Description of the procurement:
Anglian Water Group currently operates an employer trust based defined contribution (DC) pension scheme and it is looking to procure the provision of a new Master Trust pension scheme, that is auto-enrolment compliant, meets the standards of the Pensions Regulator’s Master Trust assurance framework and provides easy access to all the recently introduced pension’s flexibilities.
Anglian Water is seeking to identify a quality pension provider that can offer a Master Trust Solution from the planned implementation date of 1st April 2018 and offer proactive, ongoing support (to both Company and employees). We are looking for a provider who can commit to timely and proactive delivery, both as part of the implementation and the ongoing service.
It is imperative that the provider can evidence effective governance, provide good outcomes for members and clear, concise member communications, with the capacity of tailored communications to make them look like Anglian Water owns them.
The current pensionable payroll is about 130 000 000 GBP pa and the current DC contributions are 15 %, mainly on a salary sacrifice basis.
The Anglian Water Group has approximately 4 500 employees and the current DC scheme has funds of circa 120 000 000 GBP, which may bulk transfer to the new scheme.
Anglian Water Group is looking for a master trust solution which is flexible and which is capable of accepting the bulk transfer of assets, should at some point in the future, there be a need for bulk transfer of assets.
II.2.7)Duration of the contract, framework agreement or dynamic purchasing system
II.2.9)Information about the limits on the number of candidates to be invited
Anglian Water Group are seeking a trust which meets the Pension Regulator’s standards but do not require the provider to be listed on the Pensions Regulator website, provided other satisfactory evidence of such standards is provided.
II.2.10)Information about variants
II.2.11)Information about options
II.2.13)Information about European Union funds
Section III: Legal, economic, financial and technical information
III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers
Equivalent standards of the Pension Regulator — Master Trust Assurance Framework.
III.1.2)Economic and financial standing
III.1.3)Technical and professional ability
III.1.4)Objective rules and criteria for participation
As referred to in II.2.9.
III.2.1)Information about a particular profession
As referred to in II.2.9.
Section IV: Procedure
IV.1.1)Type of procedure
IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue
IV.1.8)Information about the Government Procurement Agreement (GPA)
IV.2.2)Time limit for receipt of tenders or requests to participate
IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates
IV.2.4)Languages in which tenders or requests to participate may be submitted:
IV.2.6)Minimum time frame during which the tenderer must maintain the tender
Section VI: Complementary information
VI.1)Information about recurrence
Thorpe Wood House
VI.5)Date of dispatch of this notice: