OREANDA-NEWS. Aon Hewitt, the global talent, retirement and health solutions business of Aon plc (NYSE:AON), has been appointed after a rigorous tender process to provide consultancy services to Lot 1 of the National Local Government Pension Scheme (LGPS) Third Party Administration Framework. This will involve Aon helping to design the tender, evaluate responses and assist with the selection of providers to be put on the Framework for third party administration services for the LGPS and potentially other public sector schemes.

National LGPS Frameworks, which is hosted by Norfolk County Council, was first established in 2012. It provides a cost effective manner for LGPS administering authorities and other public sector organisations to procure services. It commenced with actuarial and a benefits consultancy service, added investment consultancy services a year later, and has since added frameworks for custodian and legal services.

The new framework being established will have two ’lots’; Lot 1 will be for third party administration services and Lot 2 will be for Support Services.

Karen McWilliam, head of Public Sector Benefits consultancy at Aon Hewitt, said:
“The National LGPS Framework is playing an increasingly important role in the way that public sector pension services are delivered. The approach it is taking is assuring quality and a uniform method and this should be to the benefit of all involved.

“Winning the opportunity to work with the Framework on the third party administration services represents another great success for Aon Hewitt’s Public Sector Benefits and Governance team. This follows our recent reappointment as actuarial adviser to the Durham County Council Pension Fund and further helps to strengthen our contribution to the LGPS market.”

A concept viability day to discuss the proposed tender arrangements is being hosted by the Framework for interested third party administration suppliers on 18 March in London. Interested parties can register for the event at: https://in-tendhost.co.uk/norfolkcc

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