Pension services

Tender description

The RFI and RFP documents can be downloaded from our website, Please see section 1.3. Copy and paste the following link: https://esourcing.scanmarket.com/SupplierRegistration/RegistrationPage?comId=3004&mode=0&ccsum=57aa08f02740e2c172f509ae0fa4807a The RFI has to be completed and submitted by the 30.7.2017. The RFP shall be issued together with the RFI to all the bidders that accepted the invitation to participate to this event as ‘Read Only’. The editable RFP shall be issued only to the bidders that qualify to the RFP stage. Anglian Water Group currently operates an employer trust based defined contribution (DC) pension scheme and it is looking to procure the provision of a new Master Trust pension scheme, that is auto-enrolment compliant, meets the standards of the Pensions Regulator's Master Trust assurance framework and provides easy access to all the recently introduced pension's flexibilities. Anglian Water is seeking to identify a quality pension provider that can offer a Master Trust Solution from the planned implementation date of 1st April 2018 and offer proactive, ongoing support (to both Company and employees). We are looking for a provider who can commit to timely and proactive delivery, both as part of the implementation and the ongoing service. It is imperative that the provider can evidence effective governance, provide good outcomes for members and clear, concise member communications, with the capacity of tailored communications to make them look like Anglian Water owns them. The current pensionable payroll is about 130 000 000 GBP pa and the current DC contributions are 15 %, mainly on a salary sacrifice basis. The Anglian Water Group has approximately 4 500 employees and the current DC scheme has funds of circa 120 000 000 GBP, which may bulk transfer to the new scheme. Anglian Water Group is looking for a master trust solution which is flexible and which is capable of accepting the bulk transfer of assets, should at some point in the future, there be a need for bulk transfer of assets.