Professional Corporate Sole Trustee (PCST) services for Aston University Pension Scheme (AUPS)
Details
- Buyer
- Aston University
- Supplier(s)
- Ross Trustees Services Limited
- Value
- £2,630,610
- Duration
- 5 years
- Topic
- Pension fund management services
- Published
- 18 June 2025
- Source
- uk:find_a_tender
Tender description
Professional Corporate Sole Trustee (PCST) services for the Aston University Pension Scheme (closed to future accrual). This will include Trustee services, pension administration, member communications, actuarial services, audit, governance, legal, covenant, investment management and monitoring advice. Adopting a Professional Corporate Sole Trustee (PCST) model to administer the Aston University Pension Scheme has been determined to be the most efficient way to manage the legacy Defined Benefit pension scheme going forward while ensuring the integrity of the scheme, including funding position, ongoing administration and compliance with evolving TPR requirements is maintained. This is a relatively new approach in the market but it has been determined that minimising disruption and limiting risk during the current triennial valuation is the optimal outcome and that this was the only option whereby continuity of the current actuarial, investment and professional trustee services could be maintained while achieving efficiencies. ## Contract award
Timeline
- Completed: Award published18 June 2025Current notice
- Completed: Award date18 June 2025
- Next: Contract expiry date30 June 2030in 4 years
About the buyer
Aston University is a higher education provider in Birmingham, and buys through a dedicated Procurement Team. Tender opportunities are advertised on ProContract, the university's e-tendering system, where suppliers register free to respond. Larger contracts also appear on Find a Tender Service, with Contracts Finder used for smaller notices. Low-value construction work can be sourced through Constructionline. Much of this procurement flows through frameworks including SUPC, TUCO, ESPO and the Crown Commercial Service. The Procurement Team also maintains a Contracts Register of awarded tenders and framework agreements. All procurement follows financial regulations and University policy.
Education procurement reached £47.4bn in 2024/25, the fourth-largest public sector budget.
Over the past 5 years, most of Aston University's contract awards have been in laboratory and precision equipment, construction work and software and information systems.
Relevant CPV codes
- 66141000 · Pension fund management services
Decision makers
Connect with the people behind this procurement.
| Contact name | Job title | Phone number | Work email |
|---|---|---|---|
| Head of Procurement | +44 •••• •••••• | ••••••••@aston-university.gov | |
| Commercial Director | +44 •••• •••••• | ••••••••@aston-university.gov | |
| Procurement Manager | +44 •••• •••••• | ••••••••@aston-university.gov | |
| Category Lead | +44 •••• •••••• | ••••••••@aston-university.gov | |
| Senior Buyer | +44 •••• •••••• | ••••••••@aston-university.gov | |
| Contracts Manager | +44 •••• •••••• | ••••••••@aston-university.gov |
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