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

A Contract Award Notice
by THE BOARD OF THE PENSION PROTECTION FUND

Source
Find a Tender
Type
Framework (Services)
Duration
4 year (est.)
Value
£60M
Sector
BUSINESS
Published
21 Dec 2023
Delivery
To 30 Nov 2027 (est.)
Deadline
n/a

Concepts

Location

Croydon

Geochart for 1 buyers and 14 suppliers

1 buyer

14 suppliers

Description

The Board of the Pension Protection Fund (the Board) has procured a Framework Agreement consisting of specialist firms to provide administration, actuarial, support and consultancy services. Firms have been appointed to either Lot 1 or Lot 2, 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 Agreements have an initial term of two years, with the option of two one-year extensions, commencing 2 December 2023. The National Employment Savings Trust (NEST) may also choose to contract for services via a call-off from this Framework. The final value of the framework across the maximum term (four years) may fall within a wide range as it has been set up to be available for future call-offs for in scope requirements that we may not currently be aware of.

Lot Division

1 Administration, Actuarial, Support & Pensions Consultancy Services
Award Criteria
Customer Service 32.0
Quality of Work (1) 14.0
Quality of Work (2) 14.0
Social Value 10.0
Compliance with Tax _
Insurance _
Assurance Questionnaire _
Lot 1 Rate Card 30.0
Contractual Response _
PRICE 100.0
2 Actuarial Consultancy Services
Award Criteria
Customer Service 32.0
Quality of Work (1) 14.0
Quality of Work (2) 14.0
Social Value 10.0
Compliance with Tax _
Insurance _
Assurance Questionnaire _
Lot 2 Rate Card 30.0
Contractual Response _
PRICE 100.0

Award Detail

1 First Actuarial (Leeds)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3245
  • Num offers: 14
  • Value: £50,000,000
  • Contractor is an SME.
2 Ernst & Young (London)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3246
  • Num offers: 14
  • Value: £50,000,000
3 Government Actuarys Department (London)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3248
  • Num offers: 14
  • Value: £50,000,000
4 Grant Thornton (London)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3249
  • Num offers: 14
  • Value: £50,000,000
5 Hymans Robertson (London)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3250
  • Num offers: 14
  • Value: £50,000,000
6 Pricewaterhousecoopers (London)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3254
  • Num offers: 14
  • Value: £50,000,000
7 Barnett Waddingham (London)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3253
  • Num offers: 14
  • Value: £50,000,000
8 Capita Business Services (London)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3255
  • Num offers: 14
  • Value: £50,000,000
9 Isio Group (London)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3256
  • Num offers: 14
  • Value: £50,000,000
10 Lane Clark & Peacock (London)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3257
  • Num offers: 14
  • Value: £50,000,000
11 Quantum Actuarial (Cardiff)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3258
  • Num offers: 14
  • Value: £50,000,000
  • Contractor is an SME.
12 Spence & Partners (Belfast)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3260
  • Num offers: 14
  • Value: £50,000,000
  • Contractor is an SME.
13 KPMG (London)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3251
  • Num offers: 14
  • Value: £50,000,000
14 Broadstone Pensions (London)
  • Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
  • Reference: ecm_3252
  • Num offers: 14
  • Value: £50,000,000
  • Contractor is an SME.

CPV Codes

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

Indicators

  • Award on basis of price.

Reference

Domains