Provision of a Pension Administration Service - ESPS

Description

The Trustee of the Electricity Supply Pension Scheme (ESPS) requires the provision of pensions administration services to support the ongoing operation and management of the Scheme. The ESPS is a multi-employer scheme comprising four sections relevant to this requirement: 1) Atkins 2) Nationsl Nuclear Laboratories 3) Cavendish Nuclear Costs associated with the administration of the Scheme are apportioned across participating employers based on member volumes and are recharged via established finance arrangements alongside other scheme-related administrative costs. The Magnox Group is one of 24 employer groups participating in the ESPS, and a single supplier currently acts as administrator for 16 of these groups.