Contract award · 29 May 2025

Pension Scheme (Defined Contribution) and Employee Benefits

North Western Universities Purchasing Consortium awarded a contract to Aviva Life & Pensions UK Limited, Personal Group Holdings Plc for £57m.

Financial & insurance servicesNorth West

Open competition

Open procedure: the contract was advertised and any supplier could submit a bid.

Key facts

Buyer
North Western Universities Purchasing Consortium · Sub-central contracting authority
Value
£57,000,000 across 3 lots
Procedure
Open procedure
Sector
Financial & insurance services · Pension services (CPV 66520000)
Timeline
  1. Contract date29 May 2025
  2. Published29 Aug 2025Published 92 days after the contract date

Description

NWUPC in conjunction with UCEA has a requirement to establish a Framework Agreement for the provision of a Defined Contribution Master Trust Pension Scheme and Employee Benefits including Group Life Assurance, Group Income Protection and the provision of a customisable benefits platform for the management of employee benefits through a single centralised portal. NWUPC is establishing the Framework Agreement as a central purchasing body for itself and its Members (Other Contracting Bodies (OCB)). NWUPC is managing this procurement process in accordance with the Public Contracts Regulations 2015 (the “Regulations”) on behalf of members of APUC, HEPCW, LUPC, NEUPC, NWUPC and SUPC. The Framework Agreement will be split into three lots as follows: Lot 1 – Defined Contribution Pension Scheme (Master Trust) Lot 2 – Group Life Assurance & Group Income Protection Lot 3 – Flexible Benefits Platform

Lots in this award

LotSupplierValue
Pension Scheme (Defined Contribution) and Employee BenefitsAviva Life & Pensions UK Limited£19m
Pension Scheme (Defined Contribution) and Employee BenefitsAviva Life & Pensions UK Limited£19m
Pension Scheme (Defined Contribution) and Employee BenefitsPersonal Group Holdings Plc£19m

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