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PROCUREMENT OPPORTUNITY

2026/27 Pension Fund - Actuarial Services

Nuclear Restoration Services Limited · Contract details notice on Find a Tender

Tender information last checkedLast checked 27 Sept 2026, 18:17.

Opportunity overview

The Trustee of the Magnox Group of the ESPS is required, under pension legislation (originally the Pensions Act 1995), to appoint a Scheme Actuary. The current Scheme Actuary is appointed through Aon. This represents the cost associated with the provision of mandatory professional actuarial services to the Trustee. The appointment is subject to periodic review by the Trustee.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

AON Solutions UK Limited

Matched by number
Contract value
£1.2m
Awarded
Not supplied
Contract signed
21 Jun 2026
Including VAT
£1.5m
Award ID
2
Status
active
Identifier
GB-COH 4396810
Location
London, UKI31, EC3V 4AN, United Kingdom

Classification

No classification was supplied.

Lots

  • Lot 1Value not stated

Documents and notices

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
C30429
Status
complete
Procurement Method
direct
Procurement Method Details
Direct award
Why this procedure was chosen
The trustee of the Magnox Group of the Electricity Supply Pension Scheme (ESPS) is obliged under pensions legislation (originally the Pensions Act 1995) to appoint a scheme actuary. The scheme actuary is employed by Aon. This cost relates to the provision of mandatory professional actuarial services to the trustee. The appointment of the scheme actuary is subject to periodic review by the trustee. NRS has no influence over the appointment of service providers or the determination of these costs.

Legal basis

Id
2023/54
Scheme
UKPGA

Procedure reasons

Entry 1
Id
additionalRepeatExtensionPartialReplacement

Lots and requirements

Entry 1
Id
1
Status
complete

Published documents

Entry 1
Id
conflictOfInterest
Document Type
conflictOfInterest
Description
Not published

Buyer, suppliers and contacts

Organisation 1
Name
Nuclear Restoration Services Limited
Id
GB-PPON-PXPQ-2228-DGTY

Identifier

Scheme
GB-PPON
Id
PXPQ-2228-DGTY

Address

Street Address
Hinton House, Birchwood Park Avenue, Risley
Locality
Warrington
Postal Code
WA3 6GR
Country
GB
Country Name
United Kingdom
Region
UKD61

Contact

Name
Alwena Owen

Roles

buyer

Details

Classifications

Entry 1
Scheme
UK_CA_TYPE
Id
publicAuthoritySubCentralGovernment
Description
Public authority - sub-central government
Organisation 2
Name
AON Solutions UK Limited
Id
GB-COH-4396810

Identifier

Scheme
GB-COH
Id
4396810

Address

Street Address
The Aon Centre, 122 Leadenhall Street
Locality
London
Postal Code
EC3V 4AN
Country
GB
Country Name
United Kingdom
Region
UKI31

Contact

Roles

supplier

Details

Scale
large
Vcse
No
Public Service Mission Organization
No
Sheltered Workshop
No

Award information

Award 1
Id
2
Status
active
Main Procurement Category
services

Items

Item 1
Id
1
Related Lot
1

Additional Classifications

Entry 1
Scheme
CPV
Id
66520000
Description
Pension services

Suppliers

Supplier 1
Id
GB-COH-4396810
Name
AON Solutions UK Limited

Related lots

1

Contracts and changes

Entry 1
Id
2
Award ID
2
Title
2026/27 Pension Fund - Actuarial Services
Status
active
Above Threshold
Yes
Date Signed
22 Jun 2026, 00:00

Period

Starts
23 Jun 2026, 00:00
Ends
31 Mar 2027, 23:59

Value

Including VAT
1,470,600
Amount
1,225,500
Currency
GBP

Agreed Metrics

Entry 1
Id
0048
Title
Funding & Valuation delivery
Description
Performance of the contract will be managed through a proportionate set of KPIs focused on the delivery of triennial valuations and the effective monitoring of funding levels. These will be reviewed throughout the contract to ensure value for money and consistent, high-quality delivery.

Observations

Entry 1
Id
frequency

Period

Duration In Months
3

Documents

Entry 1
Id
059072-2026
Document Type
contractNotice
Notice Type
UK7
Description
Contract details notice on Find a Tender
Published
23 Jun 2026, 15:33
Format
text/html

Recorded locations

  • Buyer location · Warrington · UKD61 · WA3 6GR · United Kingdom

Notice and amendment history

4 published notice versions reviewed by ProcuraAxis.

4 VERSIONS
  1. 039717-2026Preliminary market engagement notice on Find a Tender ·
  2. 043558-2026Transparency notice on Find a Tender ·
  3. 054777-2026Contract award notice on Find a Tender ·
  4. 059072-2026Contract details notice on Find a Tender ·