TRHS0016 Provision of Pension Scheme for the Euston Delivery Company

Description

Subject to approvals, the Department for Transport (DfT) on behalf of the Euston Delivery Company (EDC) is looking to appoint a pension provider for the provision of a pension scheme. The EDC is a new government-owned organisation so is not part of the civil service and is not covered by the current civil service pension arrangements. The service required is as follows: • Provision of a qualifying workplace pension scheme for a new government-owned company. • The pension scheme will be required for c.60 people in total, with employees eligible to join the pension scheme joining the company from April 2026 onwards. • The pension scheme is required to be in place from April 2026 onwards. Further details of the start date will be provided in the UK4 tender notice. • Terms are being requested based on an initial 3-year pension scheme length. • Both a Master Trust and Contract based solution will be considered. The DfT is procuring the Services under this Contract. It is anticipated that, following contract award, responsibility for the Contract will be transferred from DfT to the EDC. The Contract will be novated to the EDC on terms to be agreed, at which point the EDC shall assume all rights, obligations and liabilities under the Contract from the effective date of novation.