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

A Tender Notice
by THE BOARD OF THE PENSION PROTECTION FUND

Source
Find a Tender
Type
Framework (Services)
Duration
4 year
Value
£-£50M
Sector
BUSINESS
Published
22 Jun 2023
Delivery
To 30 Nov 2027 (est.)
Deadline
26 Jul 2023 12:00

Concepts

Location

United Kingdom:

Geochart for 1 buyers and 0 suppliers

1 buyer

Description

The Board of the Pension Protection Fund would like to procure a new Framework Agreement of specialist firms to provide Administration, Actuarial, Support and Consultancy Services. The maximum number of firms per lot that will be admitted to the framework agreement are as follows: Lot 1: 15 Lot 2: 15 The same supplier may be on both Lots. In this scenario, this means the supplier would take one place on each Lot. National Employment Savings Trust (NEST) may also choose to contract for services via a call-off from the framework.

Lot Division

1 Administration, Actuarial, Support, and Pensions 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, firms applying for this lot will have direct experience in the pensions industry. Firms in Lot 1 must be able to provide the full range of services as set out in the service requirements.
2 Actuarial Consultancy Services

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

Renewal Options

The Framework Agreement will be awarded for an initial period of two (2) years, the Framework Agreement may be extended on the same terms and conditions at the Board’s option for a further period or periods not exceeding four (4) years in total.

CPV Codes

  • 66500000 - Insurance and pension services
  • 66520000 - Pension services
  • 66519600 - Actuarial services

Indicators

  • Restrictions apply to the lot award allocation.
  • This is a one-off contract (no recurrence)
  • Renewals are available.
  • Professional qualifications are sought.

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. **

Reference

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