The provision of an “off the shelf” Master Trust defined contribution (DC) pension scheme administered and operated by Legal & General Resources Limited.

Description

The proposed arrangement is such that NRS/NDA would utilise an existing commercial MasterTrust to continue providing the necessary pensions arrangements for transferring employees of all the AGR sites that are transferring to NRS. The MasterTrust is a multi-employer pension scheme, unlike traditional schemes which typically serve a single employer or a group of related companies. MasterTrusts are established and managed by a scheme funder that supports the trust financially. An aspect of the management of the MasterTrust will be exempt from application of the Procurement Act 2023, pursuant to paragraphs 15 and 16 of Part 2 of Schedule 2, albeit it is not currently known if that will be the main purpose. To the extent that it is exempt, this notice is published on a voluntary basis.