Danish mutual pensions firm Velliv has won a tender process launched by the newly-merged electricity, television and telecommunications firm Norlys for a contract to provide pensions and insurance for all the various parts of the new company coming together in the merger.
Norlys, which issued a tender notice this summer, said in the award notice on the EU TED tenders service that Velliv had been hired out of five firms bidding for the contract.
The comprehensive contract includes pension provision, group life insurance and health insurance for Norlys Holding and all its subsidiaries, said the firm, which was formed from the companies SE and Eniig, which include several underlying firms.
Also included in the tender is provision for the new company Eniig Fibernet, which Norlys said it was in the process of setting up.
The group’s pension and insurance schemes are currently managed by PFA Pension, Velliv and Danske Sundhedsforsikring, according to the tender notice.
The new contract is set to start on 1 January 2021.
In other mandate news, the London Borough of Newham has started a tender for pension investment services.
The Newham Pension Fund is looking to appoint a single provider to provide investment consultancy services and manager monitoring and review services, according to a notice on the EU’s TED tendering service from the east London local authority.
The five-year contract is subject to an option to extend for two years, and the deadline for receipt of tenders or requests to participate is 14 December.
Meanwhile, AP7, the Swedish national pension fund which operates the default option in the country’s premium pension system, has published a prior information notice about a forthcoming IT tender.
The SEK630bn (€62bn) pension fund said it is preparing to procure a risk system for monitoring market risk in its funds, and has now posted a request for information in order to collect information from various suppliers.
According to the notice, the contract itself is estimated to be published on 18 December.