Civil Service DC Pension Arrangements: Administration and Investment Platform Solutions

The Cabinet Office is re-tendering for the provision of administration and investment platform services for the Civil Service Pension Scheme Defined Contribution (DC) arrangements. The current DC pension arrangements include: 1) Partnership Pension Account (contract-based; bundled; main DC arrangement); 2) The Civil Service Additional Voluntary Contribution Scheme (a statutory scheme — akin to a trust based arrangement); and 3) Standalone Stakeholder scheme contract based; bundled arrangement. Tenders are invited for the provision of DC pension services, through either contract-based or master-trust type arrangement. The Cabinet Offices' preference is to have a single type of arrangement goi…

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