Source: https://tendernation.io/opportunities/01a13c2d-1982-7113-bc32-91a827ad3c8f/pensions-administration-services-for-the-uob-pension-and-assurance-scheme

awarded GB restricted procedure

# Pensions Administration Services for the UoB Pension and Assurance Scheme

[University of Bristol](https://tendernation.io/buyers/university-of-bristol)

Estimated value

£750,000

Published

5 Sept 2017

Deadline

Closed

3 Oct 2017

## About this tender

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. The decision to award a contract to the

highest scoring bidder was made by 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

840members, (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.

Read full description

## CPV classification

Pension fund administration services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/c1a9dd2a-5521-4bc8-8b16-b68694cf22f7)

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