Searches and Hires

Combined Nuclear Pension Plan calls for DC plan investment, administration assistance

The Combined Nuclear Pension Plan Trustee, Didcot, England is searching for a provider of administration and investment services for its defined contribution program.

The CNPP is a trust-based multiemployer retirement plan for workers of certain employers in U.K. civil nuclear decommissioning activities.

The trustee wants to appoint a bundled provider for the DC sections of its plan. The plan has a total £2.4 billion ($3.2 billion) in assets, according to the latest annual report. Details on the split of assets among the different components could not be learned.

The contract will start Oct. 1, said a notice filed with European procurement website Tenders Electronic Daily. It will last four years with two, two-year extension options.

RFPs are due Aug. 20. Procurement documents are available by email.

Further information was not available.