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.