# Provision Of Pension Services To GovCo Employees

> Tender notice from UK public-sector procurement sources.

## Key facts

- Public buyer: [DEPARTMENT FOR WORK AND PENSIONS](/buyers/department-for-work-and-pensions/contract-awards)
- Tender value: £170,000
- Published: 18 November 2016
- Planned start: 19 September 2016
- Planned end: 19 September 2020
- Stage: open_tender
- Procurement category: services
- Notice ID: 0aa44e7f-169a-412f-910e-9ed0ec7bfdb1-103081
- OCID: ocds-b5fd17-e8a59ace-adc9-11e6-9901-0019b9f3037b

## Description

The Department for Work and Pensions has a requirement for a new defined contribution Master Trust pension arrangement for staff who will be employed by GovCo, a limited company established by the DWP\. The employees will not be civil servants\. The arrangement will be between the pension provider and GovCo but the DWP will be engaging in the procurement process on GovCo’s behalf\. The GovCo will be an enabler to DWP’s Technology Vision for 2020, and provide ADMS services to the Department using specialist IT employees\. The GovCo will be wholly owned, and fully funded, by the Department\. It will be a non-departmental government body operating as a company limited by guarantee\. Pension provision is a supporting service that must be in place before the first wave of employees transfer to the GovCo during October 2016\. The successful supplier will be required to: 1\.Provide, manage, and support a qualifying workplace defined contribution pension Powered by BravoSolution eSourcing Technology 5 / 20 scheme for all eligible GovCo employees as the number of employees grows\. 2\.Provide implementation and launch support; for example managing bulk transfer of existing pension assets to the new GovCo scheme and setting up payroll integration if needed\. 3\.Provide support to members and the employer; e\.g\. providing an online member support service to access annual statements, fund performance and data, and investment selection\. DWP reserves the right not to procure all or part of the services listed and to change the scope for the potential service\.

## Related contract awards

- [Child Poverty Strategy Parents and Carers Longitudinal Study](/contracts/ocds-b5fd17-df13c52b-8197-4f03-910e-67a9cf9befb5): Department for Work and Pensions
- [Crisis and Resilience Fund](/contracts/ocds-b5fd17-210ed10c-972a-4615-98b6-8c21b7200eaa): Department for Work and Pensions
- [Insurance Brokerage Services](/contracts/ocds-b5fd17-dd6a9f81-e24f-4f84-8f28-7c57808dde5c): Department for Work and Pensions

## Source

[View the original notice on Contracts Finder](https://www.contractsfinder.service.gov.uk/Notice/0aa44e7f-169a-412f-910e-9ed0ec7bfdb1-103081)