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

A Contract Award Notice
by PENSION PROTECTION FUND

Source
Contracts Finder
Type
Contract (Services)
Duration
2 year
Value
£50M-£60M
Sector
BUSINESS
Published
27 Dec 2023
Delivery
02 Dec 2023 to 01 Dec 2025
Deadline
26 Jul 2023 12:00

Concepts

Location

Geochart for 1 buyers and 14 suppliers

Description

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.

Award Detail

1 Broadstone Pensions (London)
  • Value: £50,000,000
2 Barnett Waddingham (London)
  • Value: £50,000,000
3 Capita Pension Solutions (London)
  • Value: £50,000,000
4 Ernst & Young (More London London)
  • Value: £50,000,000
5 First Actuarial (None)
  • Value: £50,000,000
6 Government Actuarys Department (London)
  • Value: £50,000,000
7 Grant Thornton (Finsbury Square London)
  • Value: £50,000,000
8 Hymans Robertson (London)
  • Value: £50,000,000
9 Isio Group (London)
  • Value: £50,000,000
10 KPMG (London)
  • Value: £50,000,000
11 Lane Clark & Peacock (London)
  • Value: £50,000,000
12 Pricewaterhousecoopers (London)
  • Value: £50,000,000
13 Quantum Actuarial (None)
  • Value: £50,000,000
14 Spence & Partners (Belfast)
  • Value: £50,000,000

CPV Codes

  • 66500000 - Insurance and pension services

Indicators

  • Contract is suitable for SMEs.

Other Information

See notice tender_356523/1227681 for opportunity notice

Reference

Domains