Pensions Administration Services for the UoB Pension and Assurance Scheme

The Trustees of the University of Bristol Pension and Assurance Scheme have decided to appoint a third party to administer the scheme. The University of Bristol, which currently administers the scheme, has been instructed by the Trustees of the Scheme to run a tender process with the intention of identifying and awarding a contract to the most economically advantageous tender. The decision to award a contract to the highest scoring bidder was made by the Scheme's Trustees.

At the date of the last annual report the scheme, which is closed to new members, had a total of 4 840members, (968 active members, 1 565 pensioners, 211 dependants and 2 096 deferred pensions held in the fund). The scheme has assets of approximately 300 000 000 GBP.

Essential services to be provided include, but are not limited to:

Member record keeping - includes benefit calculations and preparation of annual benefits statements;

Dealing with member cases directly (e.g. transfers, retirements, queries);

Client reporting (e.g. admin reports or real time information);

Liaison with death benefit insurers;

Pensioner Payroll;

Treasury and accounting (including cash management and preparation of annual report and accounts);

Interfacing with the University of Bristol's HR and Payroll system;

Dealing with regulatory authorities;

Attendance at Trustee meetings.

Services of interest but not vital include:

Online access for members and Trustees

Possible ad hoc additional services include:

Member Communication (e.g. production of an annual newsletter);

Broking of group life insurance.