The provision of an “off the shelf” Master Trust defined contribution (DC) pension scheme administered and operated by Legal & General Resources Limited.
- Published
- 21 January 2026
- Estimated value
- £20,000,000
- Place of performance
- UK
- Procedure
- Direct award
- Lots
- 1
- Notice number
- 005077-2026
- Reference
- ocds-h6vhtk-0608ff
- Official source
- Official source
CPV codes
- 66520000Pension services
- 66140000Portfolio management services
- 66523000Pension fund consultancy services
- 66131100Pension investment services
- 66522000Group pension services
- 66132000Commodity brokerage services
- 66523100Pension fund administration services
- 66141000Pension fund management services
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.
Awards
| Awarded to | Amount | Date |
|---|---|---|
| Legal & General Resources Limited | £20,000,000 | 22 October 2025 |
Official publications
- FTS · 005077-2026 · 21 January 2026
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Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £20,000,000.
- Who is the buyer of this tender?
- The contracting authority is Nuclear Restoration Services Limited (United Kingdom).
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