Restructuring & Pre-Insolvency Services (RPIS) Framework

Concepts

• pension services
• croydon
• pre-insolvency services
• pre-insolvency support services
• relevant formal insolvency processes
• restructuring
• both solvent/consensual restructuring options
• appendix 1 - rpis service schedule
• a new framework
• annex 6 - rpis framework specification

Location

Croydon

Description

The Board of the Pension Protection Fund is planning to establish a new Framework of accounting and covenant advisory firms to provide restructuring and pre-insolvency support services to pensions schemes and/or their employers. The Framework can be used by the PPF and/or a PPF Panel Trustee.

Total Quantity or Scope

The full restructuring & pre-insolvency services are detailed in Annex 6 - RPIS Framework Specification and Appendix 1 - RPIS Service Schedule. Services include: Evaluating employer financial strength Assessing options to include both solvent/consensual restructuring options as well as relevant formal insolvency processes Advising scheme trustees on appropriate and proportionate ongoing monitoring of the sponsor covenant

Renewal Options

The Framework Agreements 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 (2+1+1).

CPV Codes

• 66520000 - Pension services

Indicators

• Bids should cover the whole contract.
• Renewals are available.
• Award on basis of price and quality.