Official UK procurement notice
2025/26 Pension Fund - Investment Advice (Recharge to Scheme)
Authority: Nuclear Restoration Services Limited (Public body)
What is being bought
Published requirement descriptionThe Trustee has appointed AON as the investment adviser for the pension scheme, in line with legal requirements for trustees to use regulated professionals. Investment advice costs are recharged to the pension fund, not paid directly by the employer, although the employer ultimately funds the scheme.
The lotProcurement structure
single lot · no lot value publishedLot #1Awarded
Procedure terms & legal framework
From the official record- Procedure method
- Direct award
- Legal basis
- UKPGA · 2023/54 Procurement Act 2023
- Notice status
- Awarded without competition
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Direct award (no call for competition)
- GPA / WTO covered
- Unspecified in notice
- Recurring procurement
- Unspecified in notice
- First published
- 5 Jun 2025, 14:04 BST
- Last source update
- 21 Apr 2026, 10:56 BST
- Authority reference
C24467- FTS notice number
2026/S 000-035964- Latest notice
- Contract termination notice (UK11)
- Delivery area
- Not published
- Official registry OCID
ocds-h6vhtk-0543a7Find a Tender
- Why no open competition
- Additional Repeat Extension Partial Replacement
- Published justification
The Trustee has appointed Aon as the investment adviser, in compliance with legal requirements for pension schemes to engage a regulated professional. Under the ESPS rules, investment-related costs are the only fees that can be charged directly to the pension fund rather than the employer. Although the employer ultimately funds the scheme, these fees are recharged to the fund.
How it was run
Official notice- Submission deadline
- —
Timeline
16 Jun 2025 → 21 Apr 2026 · 2 dates- Standstill ends16 Jun 2025, 23:59 BST
- Notice published191 days ago21 Apr 2026, 10:56 BST
Notice history
5 events · 4 releases on Find a Tender · since 5 Jun 2025- Transparency notice published5 Jun 2025, 14:04 BSTUK5
- Contract award notice published5 Jun 2025, 15:00 BSTUK6
- Contract details notice published23 Jun 2025, 16:44 BSTUK7
- Contract signature expected30 Jun 2025, 23:59 BSTscheduled
- Contract termination notice published21 Apr 2026, 10:56 BSTUK11
Routine re-releases (4)
- 2025-06: 1 release · 5 Jun 2025
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| AON Investments LtdPension Fund - Investment Advice1 Jul 2025 – 31 Mar 2026 | £1,277,931same award published again · counted once | 4 Jun 2025standstill to 16 Jun 2025 | Standstill |
| AON Investments Ltd | £1,277,931 † | — | Awarded |
Contracts
2025/26 Pension Fund - Investment Advice (Recharge to Scheme) · AON Investments Ltd
- Signed
- 20 Jun 2025
- Value
- £1,277,931
- Period
- 23 Jun 2025 – 31 Mar 2026
- Status
- terminated
- Final value
- £1,243,193
- Termination
- contractCompleted
Contracting authority & participating public bodies
Bidders & participating suppliers
2 commercial parties on the notice- AON InvestmentsAwarded supplier
- AON Investments LimitedAwarded supplier
Official documents & specifications (4)
Official links; attachments are not copiedNotices published for this procedure
- Contract termination notice Contract termination notice on Find a Tender
- Contract details notice Contract details notice on Find a Tender
- Contract award notice Contract award notice on Find a Tender
- Transparency notice Transparency notice on Find a Tender