Administration of the Civil Service Pension Scheme (CSPS) and Royal Mail Statutory Pension Scheme (RMSPS) administration services

A Contract Award Notice
by THE CABINET OFFICE

Source
Find a Tender
Type
Contract (Services)
Duration
not specified
Value
£262M
Sector
BUSINESS
Published
05 Jan 2024
Delivery
not specified
Deadline
n/a

Concepts

Location

London

Geochart for 3 buyers and 1 suppliers

3 buyers

1 supplier

Description

This Award Notice relates solely to Lot 1: Procurement for the provision of pension administration for the Civil Service Pension Scheme The CSPS Pension Scheme is managed by the Authority. The current contract expires on 31/12/2023. The CSPS is the 3rd largest UK occupational pension scheme with approximately 1.6 million members and 300+ employers.

Total Quantity or Scope

The Authority required the provision of administration services for the CSPS, which included the Principal Civil Service Pension Scheme, the Civil Service and Others Pension Scheme, the Civil Service Compensation Scheme and the Civil Service Injury Benefits Schemes. … The pension administration services required include the following: Finance, accounting and taxation services administration services employer-related services including: the collection of data and contributions and maintaining accurate and clean data communications, including digital the provision of a portal maintenance of a comprehensive database of members records which complies with relevant legislation and regulatory requirements Provision of calculations and information for annual resource accounts remuneration reports member-related services, including: the provision of a member portal and self service capability the accurate and timely calculation of pension awards provision of options and benefits calculations resulting from McCloud judgment member communications (including digital communications, managing and operating a helpline and website, issuing annual benefits and pension saving statements, life time allowance statements, annual pension increase communications, scheme newsletters and leaflets) liaison with any scheme medical advisor that may be appointed by the Authority. pension payroll services (bulk and individual payroll services) and pensioner existence checking services related to the Civil Service Compensation Scheme and the Civil Service Injury Benefit Scheme reporting, including management information and provision of data, information and scheme returns to regulators and other bodies as needed

Award Detail

1 Capita Pension Solutions (London)
  • Provision of pension administration for the Civil Service Pension Scheme
  • Num offers: 2
  • Value: £239,000,000

Renewal Options

Price was not the only award criterion and all criteria was stated only in the procurement documents

Award Criteria

Quality 75.0
PRICE 25.0

CPV Codes

  • 75320000 - Government employee pension schemes
  • 66520000 - Pension services
  • 75100000 - Administration services

Indicators

  • Options are available.
  • Award on basis of price.

Other Information

The total value provided is based on a transitional term of 2 years, then an initial operational term of 7 years and a possible extension option of up to 3 years. This Contract Award Notice replaces the previous CAN issued on the 15/12/2023 https://www.find-tender.service.gov.uk/Notice/036996-2023. As part of this contract award notice the following can be accessed at: https://www.contractsfinder.service.gov.uk/Notice/f91f69a7-6120-4918-8220-2757e7... On 02/04/2014, Government introduced its Government Security Classifications (GSC) scheme which replaced Government Protective Marking Scheme (GPMS). A key aspect is the reduction in the number of security classifications used. All bidders were required to make themselves aware of the changes as it may impact this requirement. This link provides information on the GSC at: https://www.gov.uk/government/publications/government-security-classifications Cyber Essentials is a mandatory requirement for Central Government contracts which involve handling personal information or provide certain ICT products/services. Government is taking steps to reduce the levels of cyber security risk in its supply chain through the Cyber Essentials scheme. The scheme defines a set of controls which, when implemented, will provide organisations with basic protection from the most prevalent forms of threat coming from the internet. To participate in this procurement, bidders were required to demonstrate they comply with the technical requirements prescribed by Cyber Essentials, for services under and in connection with this procurement.

Reference

Domains