Scope
Reference
1137
Description
Professional Corporate Sole Trustee (PCST) services for the Aston University Pension Scheme (closed to future accrual). This will include Trustee services, pension administration, member communications, actuarial services, audit, governance, legal, covenant, investment management and monitoring advice.
Adopting a Professional Corporate Sole Trustee (PCST) model to administer the Aston University Pension Scheme has been determined to be the most efficient way to manage the legacy Defined Benefit pension scheme going forward while ensuring the integrity of the scheme, including funding position, ongoing administration and compliance with evolving TPR requirements is maintained. This is a relatively new approach in the market but it has been determined that minimising disruption and limiting risk during the current triennial valuation is the optimal outcome and that this was the only option whereby continuity of the current actuarial, investment and professional trustee services could be maintained while achieving efficiencies.
Contract 1
Supplier
Contract value
- £2,630,610 including VAT
Above the relevant threshold
Award decision date
18 June 2025
Standstill period
- End: 27 June 2025
- 8 working days
Earliest date the contract will be signed
30 June 2025
Contract dates (estimated)
- 1 July 2025 to 30 June 2030
- 5 years
Main procurement category
Services
CPV classifications
- 66141000 - Pension fund management services
Contract locations
- UK - United Kingdom
Procedure
Procedure type
Direct award
Supplier
ROSS TRUSTEES SERVICES LIMITED
- Companies House: 07904277
- Public Procurement Organisation Number: PGJH-8616-QRJQ
4th Floor , Cannon Place, 78 Cannon Street
London
EC4N 6HL
United Kingdom
Email: info@weareigg.com
Website: https://weareigg.com
Region: UKI31 - Camden and City of London
Small or medium-sized enterprise (SME): Yes
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1
Contracting authority
ASTON UNIVERSITY
- Companies House: RC000904
- Public Procurement Organisation Number: PTLB-7496-TPTR
Aston Triangle
Birmingham
B4 7ET
United Kingdom
Email: procurement@aston.ac.uk
Region: UKG31 - Birmingham
Organisation type: Public authority - sub-central government