Expired contract

2025/26 Pension Fund - Actuarial Services

Details

Value
£1,101,750
Duration
10 months
Topic
Actuarial services
Published
5 June 2025

Tender description

The trustee of the Magnox Group of ESPS is obliged under pension legislation (originally Pensions Act 1995) to appoint a scheme actuary. Damien Kelson, who is employed by Aon, is the scheme actuary. This is the cost of provision of mandatory professional actuarial services to the trustee. This appointment will continue to be reviewed by the trustee periodically. ## Contract award Title: Pension Fund - Actuarial Services ## Contract award

Timeline

  1. Completed: Award date4 June 2025
  2. Completed: Award published5 June 2025
    Current notice
  3. Completed: Contract expiry date31 March 2026

About the buyer

Nuclear Restoration Services Limited decommissions 14 former nuclear sites, from Sizewell A to Trawsfynydd. The Nuclear Decommissioning Authority owns the company and sets its group-wide commercial strategy. New tenders above the routine threshold are advertised on the Find a Tender service. Suppliers register and bid through the wider NDA group's shared eProcurement system. The company also runs its own framework agreements, covering scaffolding, lifting and characterisation services at its sites. Bidders for classified decommissioning work must also pass security clearance checks. A dedicated supply chain team handles questions and comments from prospective suppliers.

£434bn was the total UK public sector procurement spend in FY 2025/26.

Over the past 5 years, most of Nuclear Restoration Services Limited's contract awards have been in architectural and engineering services, construction work and business services.

Relevant CPV codes

  • 66519600 · Actuarial services
  • 66520000 · Pension services

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