Scope
Reference
C24413
Description
The trustee of the Magnox Group of ESPS is obliged under pension legislation (originally Pensions Act 1995) to appoint a scheme actuary. Damien Kelson, who is employed by Aon, is the scheme actuary. This is the cost of provision of mandatory professional actuarial services to the trustee. This appointment will continue to be reviewed by the trustee periodically.
Contract 2. Pension Fund - Actuarial Services
Supplier
Contract value
- £1,101,750 excluding VAT
- £1,322,100 including VAT
Above the relevant threshold
Date signed
20 June 2025
Contract dates
- 24 June 2025 to 31 March 2026
- 9 months, 8 days
Main procurement category
Services
CPV classifications
- 66520000 - Pension 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 are required to formally appoint an Actuary under pension legislation and can only rely on advice from an Actuary - AON were chosen by the Trustee. The trustee of the Magnox Group of ESPS is obliged under pensions legislation (originally Pensions Act 1995) to appoint a scheme actuary. An individual who is employed by Aon, is the scheme actuary. This is the cost of provision of mandatory professional actuarial services to the trustee. This appointment will continue to be reviewed by the trustee periodically. NRS has no influence over the appointment of service providers or the determination of these costs.
Supplier
AON Solutions UK Limited
- Public Procurement Organisation Number: PQCZ-2177-DLPW
Parkside House, Ashley Road
Epsom
KT18 5BS
United Kingdom
Email: james.franklin-adams@aon.com
Region: UKJ26 - East Surrey
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 2. Pension Fund - Actuarial Services
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