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In deliveryIrelandServicesFramework agreement€2,400,000Add to pipeline

ENQEIR914 – Administration and actuarial services for the EirGrid Pension Trustees

Awarded to Willis Towers Watson_33828

EirGrid plc(buyer)

Published
Published 4 November 2024
Deadline
Closed 3 December 2024

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Overview

EirGrid plc awarded a contract to Willis Towers Watson for administration, advisory and actuarial services supporting EirGrid's Defined Benefit pension scheme across three lots: pension administration and payroll services (Lot 1), actuarial and risk management services (Lot 2), and investment advisory services (Lot 3). The framework agreement was awarded on 1 April 2026 for an initial five-year term with options to extend annually for up to three additional years, with a total estimated value of €2.4 million.

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Lots (3)

  • Administration Services (including Pensioner Payroll)

    EirGrid has a requirement for administration, advisory and actuarial services for EirGrid Plc’s Pension Trustees for the Defined Benefit (DB) pension scheme, The EirGrid Pension Fund. This document provides a description of EirGrid’s requirements for this contract as well as details of the services we wish to procure under each Lot. It also provides information about the selection procedure. Candidates are invited to submit a qualification application for inclusion on the tender list for one or more of the applicable Lots in accordance with this PQQ. Candidates wishing to apply for more than 1 Lot must submit a full questionnaire for each Lot. Lot 1 – Administration Services (including Pensioner Payroll) The framework agreement period will be for an initial duration of Five(5)years with the option to extend annually for up to an additional Three(3) years The estimated value is: Lot 1 – €1M over the potential 8 years.

    €1,000,000Won by Willis Towers Watson_33828
  • Scheme Actuarial Services and Risk Management Services

    EirGrid has a requirement for administration, advisory and actuarial services for EirGrid Plc’s Pension Trustees for the Defined Benefit (DB) pension scheme, The EirGrid Pension Fund. This document provides a description of EirGrid’s requirements for this contract as well as details of the services we wish to procure under each Lot. It also provides information about the selection procedure. Candidates are invited to submit a qualification application for inclusion on the tender list for one or more of the applicable Lots in accordance with this PQQ. Candidates wishing to apply for more than 1 Lot must submit a full questionnaire for each Lot. Lot 2 – Scheme Actuarial Services and Risk Management Services. The framework agreement period will be for an initial duration of Five(5)years with the option to extend annually for up to an additional Three(3) years The estimated value is: Lot 2 - €700K over the potential 8 years.

    €700,000Won by Willis Towers Watson_33828
  • Advisory Services including Investment Management advice

    EirGrid has a requirement for administration, advisory and actuarial services for EirGrid Plc’s Pension Trustees for the Defined Benefit (DB) pension scheme, The EirGrid Pension Fund. This document provides a description of EirGrid’s requirements for this contract as well as details of the services we wish to procure under each Lot. It also provides information about the selection procedure. Candidates are invited to submit a qualification application for inclusion on the tender list for one or more of the applicable Lots in accordance with this PQQ. Candidates wishing to apply for more than 1 Lot must submit a full questionnaire for each Lot. Lot 1 – Administration Services (including Pensioner Payroll) Lot 2 – Scheme Actuarial Services and Risk Management Services Lot 3 – Advisory Services including Investment Management advice The framework agreement period will be for an initial duration of Five(5)years with the option to extend annually for up to an additional Three(3) years The estimated value is: Lot 1 – €1M over the potential 8 years. Lot 2 - €700K over the potential 8 years. Lot 3 - €700K over the potential 8 years. Total - €2.4M

    €700,000Won by Willis Towers Watson_33828

Key details

Country
Ireland
Status
In delivery
Category
Services
Estimated value
€2,400,000
Procedure
Limited
Contract type
Framework agreement
Published
4 November 2024
Deadline
Closed
Classification (CPV)
Pension investment servicesPension fund management servicesInsurance and pension servicesActuarial servicesPension servicesGroup pension servicesPension fund consultancy servicesPension fund administration services

Award outcome

Award date
1 April 2026
Contract period
— → 18 February 2034
Winner
  • Willis Towers Watson_33828

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Notice history

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  1. Contract Award Notice

    10 April 2026

  2. Contract Notice

    4 November 2024

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