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:
- Additional Voluntary Contribution Scheme
- Partnership Pension Account
- 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:
The procurement competition was in respect of the defined contribution pension schemes only and does not affect the defined benefit schemes.