Scope
Description
The proposed arrangement is such that NRS/NDA would utilise an existing commercial MasterTrust to continue providing the necessary pensions arrangements for transferring employees of all the AGR sites that are transferring to NRS. The MasterTrust is a multi-employer pension scheme, unlike traditional schemes which typically serve a single employer or a group of related companies. MasterTrusts are established and managed by a scheme funder that supports the trust financially. An aspect of the management of the MasterTrust will be exempt from application of the Procurement Act 2023, pursuant to paragraphs 15 and 16 of Part 2 of Schedule 2, albeit it is not currently known if that will be the main purpose. To the extent that it is exempt, this notice is published on a voluntary basis.
Contract 1. The provision of an “off the shelf” Master Trust defined contribution (DC) pension scheme administered and operated by Legal & General Resources Limited.
Supplier
Contract value
- £20,000,000 excluding VAT
- £24,000,000 including VAT
Above the relevant threshold
Award decision date
22 October 2025
Standstill period
- End: 30 January 2026
- 8 working days
Earliest date the contract will be signed
1 March 2026
Contract dates (estimated)
- 31 March 2026 to 31 March 2036
- 10 years, 1 day
Main procurement category
Services
CPV classifications
- 66520000 - Pension services
- 66140000 - Portfolio management services
- 66523000 - Pension fund consultancy services
- 66131100 - Pension investment services
- 66522000 - Group pension services
- 66132000 - Commodity brokerage services
- 66523100 - Pension fund administration services
- 66141000 - Pension fund management services
Contract locations
- UK - United Kingdom
Procedure
Procedure type
Direct award
Supplier
Legal & General Resources Limited
- Companies House: 01417162
One Coleman Street
London
EC2R 5AA
United Kingdom
Email: dcnewbusiness@lgim.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. The provision of an "off the shelf" Master Trust defined contribution (DC) pension scheme administered and operated by Legal & General Resources Limited.
Contracting authority
Nuclear Restoration Services Limited
- Public Procurement Organisation Number: PXPQ-2228-DGTY
Hinton House, Birchwood Park Avenue, Risley
Warrington
WA3 6GR
United Kingdom
Email: kelly.capdeville@nrservices.uk
Website: https://www.gov.uk/government/organisations/nuclear-restoration-services
Region: UKD61 - Warrington
Organisation type: Public authority - sub-central government