EM 02/25 Defined Benefit Pension Scheme Consultancy and Administration
Awarded
The competition has ended and a winner has been selected.
Forsikringstjenester
Bord na Móna PLC has entered into an agreement with Willis Towers Watson_33828 for the delivery of Defined Benefit Pension Scheme Consultancy and Administration services in Ireland, with a final contract value of 5,200,000 EUR. The services include general consulting, trustee secretarial, actuarial reporting, risk management, IORPII and DORA compliance, investment consulting, pension payroll processing, payment and administration, and administration services for various pension schemes. Four bids were received for this contract.
Result
- Winner
- Willis Towers Watson_33828
- Number of bids
- 4
- Contract value
- €5,200,000
About the bid
- Contact phone
- +35345439000
- Contact email
- renewablesprocurement@bnm.ie
- Address
- Main Street, W12 XR59 Newbridge
Expressions of interest are invited from suitably qualified Applicants interested in being considered for the supply of Defined Benefit Pension Scheme Consultancy and Administration services and also for independent advice to the trustees for the following schemes operated by the Contracting Entity: The scope of requirements is services, including but not limited to, the following: Defined Benefit schemes to include GESS, RWESS, FLEPS, AVC Services to include: - - General Consulting to the Scheme Trustees - Trustee Secretarial - Actuarial Reporting - Risk Management - IORPII and DORA Compliance Investment Consulting (Consulting, monitoring and reporting, online funding tracking tool) - Pension Payroll Processing, Payment and Administration - Providing reports and scheme data to support any requests for pension increases or investment strategy Administration (Record-Keeping & Benefits Administration, Trustee Annual Report, pensioner communications) (i) The Regular Works Employees Superannuation and Spouses’ and Children’s Pension Scheme (RWESS); (ii) The General Employees Superannuation and Spouses’ and Children’s Pension Scheme (GESS); (iii) The Bord na Móna Fuels Limited Employees Pension Scheme (FLEPS); (iv) Unfunded pension liabilities in respect of: • Former Managing Directors and their spouses and • Ex-gratia widows pensions; (v) The Bord Na Móna Voluntary Contribution Scheme. Please note this process is now complete.
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See the full notice
- Contracting authority
- Bord na Móna PLC
- Title
- EM 02/25 Defined Benefit Pension Scheme Consultancy and Administration
- Type
- Main code
- Supplemental codes
- Estimated value
- €5,200,000.00