RFP QuestBeta
ClosedStage · contract

Pension Protection Fund

Professional Services Framework (Admin, Actuarial, and Consultancy) 2023

Financial ServicesCPV 66500000
Value£50.0m
Deadline26 Jul 2023
Published27 Dec 2023
RegionLondon
Timeline
Published 27 Dec 2023ClosedCloses 26 Jul 2023
Contract value in context
£50.0mtotal contract value
median £150k
this tender£0£54.0m

This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

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The brief

The Board of the Pension Protection Fund has procured a Framework Agreement consisting of specialist firms to provide administration, actuarial, support and consultancy services.

Firms have been appointed to either one or both Lots, distinguished by the type of work required under the Framework Agreement. - Lot 1 - Administration, Actuarial, Support & Pensions Consultancy Services - Lot 2 - Actuarial Consultancy Services Lot 1 is primarily for services to the Board where both administration and actuarial services and/or pensions consultancy may be required at the same time.

Lot 2 is aimed at firms with specialist actuarial capabilities who have experience in either the pensions or insurance industries (where long-term risk modelling is also considered).

The Framework Agreement has an initial term of two years, with the option of two one-year extensions.

NEST may also choose to contract for services via a call-off from the Framework.

The final value of the framework across the maximum term may fall within a wide range as it has been set up to be available for future call-offs for requirements that we may not currently be aware of.

Key requirements

What the supplier must deliver

01

The Board of the Pension Protection Fund

The Board of the Pension Protection Fund has procured a Framework Agreement consisting of specialist firms to provide administration, actuarial, support and consultancy services.

02

Administration, Actuarial, Support & Pensions Consultancy Services

Administration, Actuarial, Support & Pensions Consultancy Services.

03

Lot 2 is aimed at firms

Lot 2 is aimed at firms with specialist actuarial capabilities who have experience in either the pensions or insurance industries (where long-term risk modelling is also considered).

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
c55ed260-1fab-4c5f-a0e6-fd710428aedd
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
tender_356523/1264922
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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