Scope
Reference
C24467
Description
The Trustee has appointed AON as the investment adviser for the pension scheme, in line with legal requirements for trustees to use regulated professionals. Investment advice costs are recharged to the pension fund, not paid directly by the employer, although the employer ultimately funds the scheme.
Contract 2. 2025/26 Pension Fund - Investment Advice (Recharge to Scheme)
Supplier
Contract value
- £1,277,931 excluding VAT
- £1,533,517 including VAT
Above the relevant threshold
Date signed
20 June 2025
Contract dates
- 23 June 2025 to 31 March 2026
- 9 months, 8 days
Main procurement category
Services
CPV classifications
- 66131100 - Pension investment services
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Direct award
Direct award justification
Additional or repeat goods, services or works - extension or partial replacement
The Trustee has appointed Aon as the investment adviser, in compliance with legal requirements for pension schemes to engage a regulated professional. Under the ESPS rules, investment-related costs are the only fees that can be charged directly to the pension fund rather than the employer. Although the employer ultimately funds the scheme, these fees are recharged to the fund.
Supplier
AON Investments
- Public Procurement Organisation Number: PQPY-9576-LTNP
The Aon Centre, The Leadenhall Building, 122 Leadenhall Street
LONDON
EC3V 4AN
United Kingdom
Email: lily.oliver-hall@aon.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 2. 2025/26 Pension Fund - Investment Advice (Recharge to Scheme)
Contracting authority
Nuclear Restoration Services Limited
- Public Procurement Organisation Number: PXPQ-2228-DGTY
Hinton House, Birchwood Park Avenue, Risley
Warrington
WA3 6GR
United Kingdom
Contact name: Alwena OWen
Email: alwena.owen@nrservices.uk
Website: https://www.gov.uk/government/organisations/nuclear-restoration-services
Region: UKD61 - Warrington
Organisation type: Public authority - sub-central government