Awarded contract

The provision of an “off the shelf” Master Trust defined contribution (DC) pension scheme administered and operated by Legal & General Resources Limited.

Details

Value
GBP 20,000,000
Duration
10 years
Topic
Pension investment services
Published
19 January 2026

Tender description

The proposed arrangement is such that NRS/NDA would utilise an existing commercial MasterTrust to continue providing the necessary pensions arrangements for transferring employees of all the AGR sites that are transferring to NRS. The MasterTrust is a multi-employer pension scheme, unlike traditional schemes which typically serve a single employer or a group of related companies. MasterTrusts are established and managed by a scheme funder that supports the trust financially. An aspect of the management of the MasterTrust will be exempt from application of the Procurement Act 2023, pursuant to paragraphs 15 and 16 of Part 2 of Schedule 2, albeit it is not currently known if that will be the main purpose. To the extent that it is exempt, this notice is published on a voluntary basis. ## Contract award Title: The provision of an “off the shelf” Master Trust defined contribution (DC) pension scheme administered and operated by Legal & General Resources Limited.

Timeline

  1. Completed: Award date22 October 2025
  2. Completed: Award published19 January 2026
    Current notice
  3. Next: Contract expiry date31 March 2036in 10 years

About the buyer

Nuclear Restoration Services Limited is a public sector buyer in United Kingdom publishing tenders and awards on Stotles. Explore their procurement activity and find more opportunities like this one.

Relevant CPV codes

  • 66131100 · Pension investment services
  • 66132000 · Commodity brokerage services
  • 66140000 · Portfolio management services
  • 66141000 · Pension fund management services
  • 66520000 · Pension services
  • 66522000 · Group pension services
  • 66523000 · Pension fund consultancy services
  • 66523100 · Pension fund administration services

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Decision makers

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