Pensions Administration Services for the UoB Pension and Assurance Scheme
Published
Description
The Trustees of the University of Bristol Pension and Assurance Scheme have decided to appoint a third party to administer the scheme. The University of Bristol, which currently administers the scheme, has been instructed by the Trustees of the Scheme to run a tender process with the intention of identifying and awarding a contract to the most economically advantageous tender. The decision to award a contract to the highest scoring bidder was made by the Scheme's Trustees. At the date of the last annual report the scheme, which is closed to new members, had a total of 4 840members, (968 active members, 1 565 pensioners, 211 dependants and 2 096 deferred pensions held in the fund). The scheme has assets of approximately 300 000 000 GBP. Essential services to be provided include, but are not limited to: Member record keeping - includes benefit calculations and preparation of annual benefits statements; Dealing with member cases directly (e.g. transfers, retirements, queries); Client reporting (e.g. admin reports or real time information); Liaison with death benefit insurers; Pensioner Payroll; Treasury and accounting (including cash management and preparation of annual report and accounts); Interfacing with the University of Bristol's HR and Payroll system; Dealing with regulatory authorities; Attendance at Trustee meetings. Services of interest but not vital include: Online access for members and Trustees Possible ad hoc additional services include: Member Communication (e.g. production of an annual newsletter); Broking of group life insurance.
Timeline
Award date
6 years ago
Publish date
6 years ago
Buyer information
University of Bristol
- Contact:
- Martyn Dean
- Email:
- martyn.dean@bristol.ac.uk
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