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Cabinet Office, as the Scheme Manager, has undertaken a procurement competition to identify a new provider for our three Defined Contribution Pension Arrangements, with effect from September 2018.  The three defined contribution schemes are:

  1. Additional Voluntary Contribution Scheme
  2. Partnership Pension Account
  3. Stand-alone Stakeholder Account

We have selected Legal & General as our preferred provider. 

The final selection will be made following consideration of the responses to a  consultation with the scheme members.  Please take the opportunity to review the consultation document and provide your comments on the selection of Legal & General.  The consultation is open until 11pm on 25 October 2017 and is available via the link below:

www.gov.uk/government/consultations/civil-service-pensions-defined-contribution-pension-provider

The procurement competition was in respect of the defined contribution pension schemes only and does not affect the defined benefit schemes.