Open tender
Published
Provision of DC Pension Master Trust Services
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Description
The Contracting Entity proposes to engage in a competitive process for the establishment of a contract for the provision of Defined Contribution DC Pension Plan services via a Master Trust arrangement. The existing scheme was established in 2005 for all new employees joining the Company from that date. Governance is currently provided through a standalone Trust with independent professional trustees. Administration and investment options are managed by an insurance company. The Contracting Entities’ main objectives in moving to a Master Trust are to achieve cost efficiency, improve member engagement and investment solutions. Full description of requirements are in the PQQ
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