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Parliamentary fund tenders admin

UK - Trustees of the £280m (€414m) House of Commons' Parliamentary Contributory pension fund are seeking a new pensions administrator.

A contract for the incumbent service provider - thought to be STC Pensions Management - expires in March 2008, a spokesman for UK parliament confirmed without confirming the existing provider.

The new nine-year contract is for the provision of administration services, including payment of pensions and proactive professional support, and the current service provider would be eligible to re-tender.

The House of Commons also put out a tender earlier this year for trustee investment advice as the contract with Mercer is running out at the end of October.

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