Trhs0016 Provision of Pension Scheme Tender - 140966096

Procurement Summary

Country: United Kingdom

Summary: Trhs0016 Provision of Pension Scheme for the Euston Delivery Company

Deadline: 05 Jun 2026

Posting Date: 09 May 2026

Other Information

Notice Type: Tender

TOT Ref.No.: 140966096

Document Ref. No.: TRHS0016

Competition: ICB

Financier: Self Financed

Purchaser Ownership: Public

Tender Value: Refer Document

CPV Classification

66131100 - Pension investment services
66141000 - Pension fund management services
66520000 - Pension services
66521000 - Individual pension services
66522000 - Group pension services
66523000 - Pension fund consultancy services
66523100 - Pension fund administration services

Purchaser's Detail

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Tender Details

The Department of Transport (DfT) on behalf of the Euston Delivery Company (EDC) (“Buyer”) is looking to appoint a pension provider for the provision of a pension scheme. The EDC is a new government-owned organisation so is not part of the civil service and is not covered by the current civil service pension arrangements. The service required is as follows: • Provision of a qualifying workplace pension scheme for a new government-owned company. • The pension scheme will be established for a maximum expected workforce of 60 EDC employees, who will be eligible to join the EDC pension scheme. EDC employees will be onboarded incrementally, with the first employees expected to commence employment from September 2026 onwards. • The pension scheme is required to be in place within 3 months from September 2026. • Terms are being requested based on an initial three-year pension scheme length, with an option, at the Buyer-s sole discretion, to extend the Contract for up to an additional two years, exercisable in one-year increments (1+1). • Both a Master Trust and Contract based solution will be considered. It is anticipated that, once the EDC is fully operational, the average annual salary will be approximately £80, 000.00. Employer contributions are anticipated to range between 10%-12% and employee contributions are anticipated to range from 3%-6% of pensionable salary. As the organisation is newly established, the average salary is an estimate based on the expected roles require...

Documents

 Tender Notice