II.1)
Scope of the procurement
Pensions Defined Contribution Scheme
Reference number:
PFB3038 NW
66520000
-
Pension services
Services
II.1.4)
Short 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.
II.1.6)
Information about lots
This contract is divided into lots:
yes
Pensions Defined Contribution Scheme (Master Trust)
Lot No:
1
II.2.2)
Additional CPV code(s)
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
II.2.3)
Place of performance
NUTS code:
UK -
UNITED KINGDOM
II.2.4)
Description of the procurement
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.
Group Life Assurance
Lot No:
2
II.2.2)
Additional CPV code(s)
66511000
-
Life insurance services
66510000
-
Insurance services
66512000
-
Accident and health insurance services
II.2.3)
Place of performance
NUTS code:
UK -
UNITED KINGDOM
II.2.4)
Description of the procurement
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.
Flexible Benefits Platform
Lot No:
3
II.2.2)
Additional CPV code(s)
48000000
-
Software package and information systems
75310000
-
Benefit services
79900000
-
Miscellaneous business and business-related services
II.2.3)
Place of performance
NUTS code:
UK -
UNITED KINGDOM
II.2.4)
Description of the procurement
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.
II.3)
Estimated date of publication of contract notice:
02/12/2024