Pensions Defined Contribution Scheme

A Prior Information Notice
by NORTH WESTERN UNIVERSITIES PURCHASING CONSORTIUM

Source
Find a Tender
Type
Contract (Services)
Duration
not specified
Value
___
Sector
BUSINESS
Published
01 Nov 2024
Delivery
not specified
Deadline
n/a

Concepts

Location

United Kingdom:

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

NWUPC, supported by the Universities and Colleges Employers Association (UCEA), are notifying the market of our intention to establish a Framework Agreement for the following three areas: Lot 1 - Defined Contribution Pension Scheme Lot 2 - Group Life Assurance Lot 3 - Flexible Benefits Platform The framework agreement will be open to members of NWUPC, APUC, HEPCW, LUPC, NEUPC and SUPC. The agreement is planned to commence in April 2025. The products under the three Lots will be available to HEI's alongside the existing pension schemes and risk benefits they offer. It will be open to each HEI to decide how they choose to use each product including which employees are able to take up each product.

Lot Division

1 Pensions Defined Contribution Scheme (Master Trust)

NWUPC, in conjunction with UCEA and UKUPC, are managing the establishment of a centrally procured Defined Contribution Pension Scheme (Master Trust). This lot will be open to any Higher Education Institution (HEI) to use alongside the existing pension schemes offered by HEIs. Please see the additional information available in the market engagement pack on the background to the requirement and the indicative scope.
2 Group Life Assurance

This lot will be open to any Higher Education Institution (HEI) to use alongside lots 1 and/or 3 or in isolation. This lot is for the provision of a group life assurance scheme to complement existing and future benefits offered by HEIs. Please see the additional information available in the market engagement pack on the background to the requirement and the indicative scope.
3 Flexible Benefits Platform

This lot will be open to any Higher Education Institution (HEI) to use alongside lots 1 and/or 2 or in isolation. This lot is for the provision of a benefits platform which offers access to a variety of preferred benefit arrangements, covering key UK benefits through a flexible, pre-configured system. The benefit products within this lot will complement existing and future benefits offered by HEIs. Please see the additional information available in the market engagement pack on the background to the requirement and the indicative scope.

CPV Codes

  • 66520000 - Pension services
  • 66131100 - Pension investment services
  • 66141000 - Pension fund management services
  • 66510000 - Insurance services
  • 66511000 - Life insurance services
  • 66512000 - Accident and health insurance services
  • 66522000 - Group pension services
  • 66523100 - Pension fund administration services
  • 48000000 - Software package and information systems
  • 75310000 - Benefit services
  • 79900000 - Miscellaneous business and business-related services

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** Additional information about this opportunity can be found in the information pack hosted on the EU Supply portal, link available at section 1.3. NWUPC would like to understand the level of market interest in this future opportunity. If you would like to register your interest and submit questions as part of this engagement process, please visit the following link by the 20th November 2024: https://app.onlinesurveys.jisc.ac.uk/s/enp/pension-defined-contribution-scheme-p...

Reference

Domains