Cordoba Agreement Pension Scheme

Concepts

• pension fund management
• cordoba agreement pension scheme
• scheme agreement
• life pensions
• pension payments
• the ongoing scheme agreement
• pensions
• pensioners
• the gibraltar pension ordinances
• a bespoke pension scheme

Location

United Kingdom:

Description

The FCDO requires a supplier to provide administration and payment of pensions on behalf of the Overseas Pensions Department (OPD) to approximately 900 overseas pensioners currently entitled to life pensions, for the contract term. This is a bespoke pension scheme; and a working knowledge of the Gibraltar Pension Ordinances is essential. The administration of this pension scheme will require the supplier to engage with the Government of Gibraltar and maintain a strong working relationship to facilitate the sharing of critical information.

Total Quantity or Scope

The FCDO require the facility of a banking service to provide services in relation to the administration of this Cordoba scheme, and the disbursement of pension payments to pensioners covered by the ongoing Scheme Agreement. Additional information: Reduced timescales for the tender window (due to PIN that was published 09 August 2024)

Renewal Options

Initial Term of 4 years plus 3 optional 1 year extensions

CPV Codes

• 66141000 - Pension fund management services

Indicators

• An E-Auction may be used.
• This is a one-off contract (no recurrence)
• Renewals are available.

Other Information

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