Master Trust Defined Contribution Pension Scheme Contract

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

2017/S 123-250349

Contract notice – utilities


Directive 2014/25/EU

Section I: Contracting entity

I.1)Name and addresses

Anglian Water Group
Supply Chain Management, Thorpe Wood House, Thorpe Wood
United Kingdom
Contact person: Jay Thind
NUTS code: UKHInternet address(es):Main address:
I.2)Joint procurement


The procurement documents are available for unrestricted and full direct access, free of charge, at:
Additional information can be obtained from the abovementioned address
Tenders or requests to participate must be submitted electronically via:
Tenders or requests to participate must be submitted to the abovementioned address

I.6)Main activity


Section II: Object

II.1)Scope of the procurement


Master Trust DC Pension Scheme.

Reference number: PA-2017-00024

II.1.2)Main CPV code


II.1.3)Type of contract


II.1.4)Short description:

The RFI and RFP documents can be downloaded from our website, Please see section 1.3. Copy and paste the following link:

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

Value excluding VAT: 5 000 000.00 GBP

II.1.6)Information about lots

This contract is divided into lots: no

II.2.2)Additional CPV code(s)


II.2.3)Place of performance

NUTS code: UK
Main site or place of performance:

East Anglia.

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.2.5)Award criteria

Price is not the only award criterion and all criteria are stated only in the procurement documents

II.2.6)Estimated value

Value excluding VAT: 5 000 000.00 GBP

II.2.7)Duration of the contract, framework agreement or dynamic purchasing system

Start: 21/11/2017
End: 20/11/2037
This contract is subject to renewal: no

II.2.9)Information about the limits on the number of candidates to be invited

Envisaged number of candidates: 20
Objective criteria for choosing the limited number of candidates:

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

Variants will be accepted: no

II.2.11)Information about options

Options: no
II.2.12)Information about electronic catalogues

II.2.13)Information about European Union funds

The procurement is related to a project and/or programme financed by European Union funds: no
II.2.14)Additional information

Section III: Legal, economic, financial and technical information

III.1)Conditions for participation

III.1.1)Suitability to pursue the professional activity, including requirements relating to enrolment on professional or trade registers

List and brief description of conditions:

Equivalent standards of the Pension Regulator — Master Trust Assurance Framework.

III.1.2)Economic and financial standing

Selection criteria as stated in the procurement documents

III.1.3)Technical and professional ability

Selection criteria as stated in the procurement documents

III.1.4)Objective rules and criteria for participation

List and brief description of rules and criteria:

As referred to in II.2.9.

III.1.5)Information about reserved contracts
III.1.6)Deposits and guarantees required:
III.1.7)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:
III.1.8)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:
III.2)Conditions related to the contract

III.2.1)Information about a particular profession

Execution of the service is reserved to a particular profession
Reference to the relevant law, regulation or administrative provision:

As referred to in II.2.9.

III.2.2)Contract performance conditions:
III.2.3)Information about staff responsible for the performance of the contract

Section IV: Procedure


IV.1.1)Type of procedure

Negotiated procedure with prior call for competition
IV.1.3)Information about a framework agreement or a dynamic purchasing system

IV.1.4)Information about reduction of the number of solutions or tenders during negotiation or dialogue

Recourse to staged procedure to gradually reduce the number of solutions to be discussed or tenders to be negotiated
IV.1.6)Information about electronic auction

IV.1.8)Information about the Government Procurement Agreement (GPA)

The procurement is covered by the Government Procurement Agreement: yes
IV.2)Administrative information
IV.2.1)Previous publication concerning this procedure

IV.2.2)Time limit for receipt of tenders or requests to participate

Date: 30/07/2017
Local time: 12:00

IV.2.3)Estimated date of dispatch of invitations to tender or to participate to selected candidates

Date: 22/08/2017

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

Tender must be valid until: 31/12/2017
IV.2.7)Conditions for opening of tenders

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no
VI.2)Information about electronic workflows
VI.3)Additional information:
VI.4)Procedures for review

VI.4.1)Review body

Anglian Water Group
Thorpe Wood House
United Kingdom
VI.4.2)Body responsible for mediation procedures
VI.4.3)Review procedure
VI.4.4)Service from which information about the review procedure may be obtained

VI.5)Date of dispatch of this notice:



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