BBC Group Pension Plan

Description

The BBC is seeking to appoint a provider to operate its Defined Contribution (DC) pension arrangement ("LifePlan"), currently delivered via a Group Personal Pension (GPP) structure and a Master Trust for non-UK based employees (e.g. Channel Islands). The BBC is acting on its own behalf as the Public Service and on behalf of BBC Studioworks Limited, BBC Global News Limited, BBC Studios Distribution Limited, BBC Studios Productions Limited and BBC Children in Need and its other BBC subsidiaries from time to time as notified by BBC pursuant to the Contract. Any reference in this notice or in the procurement documentation to the BBC shall be deemed to include a reference to these parties. To gain access to the documentation each Tendering party must complete the Non Disclosure Agreement and submit to The BBC for approval, before the Tenderer can obtain full access to the Procurement Documents. The BBC is seeking participation from suitably experienced pension providers and organisations capable of delivering a high-quality, resilient and future-focused workplace DC pension arrangement for a large and complex employer environment. The appointed pension plan provider will be expected to operate and support LifePlan via either a Master Trust or a combination of a GPP and a Master Trust, including selecting and managing the range of funds available within the arrangement and providing digital functionality, including a portal through which BBC employees can access, choose and manage their pension savings. Full details of the assumptions and methodology used to derive the contract value are set out in the tender documentation. As such, depending on the application of these assumptions in practice, the actual value of the contract may be higher or lower than the range stated. The contract dates provided are indicative only and may be subject to change to accommodate transition, implementation and other operational requirements.