Expired contract

Design consultancy services

Details

Value
£50,000,000
Duration
4 years
Topic
Actuarial services
Published
10 February 2020

Tender description

The board of the Pension Protection Fund would like to procure a new framework agreement of specialist firms to provide administration, actuarial, support and consultancy services. 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 huge range as it has been set up to be available for future call-offs for requirements that we may not currently be aware of. 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, firms on this lot have direct experience in the pensions industry. Lot 2 is aimed at firms with specialist actuarial capabilities who will have experience in either the pensions or insurance industries. Firms on lot 2 are therefore able to provide a broad scope of the specified actuarial consultancy services, although not necessarily all, as the intention was to establish a reasonable pool of suppliers who are capable of delivering any specific call-off contract we intend to seek to award.

Timeline

  1. Completed: Award date15 January 2020
  2. Completed: Award published10 February 2020
    Current notice
  3. Completed: Contract expiry date25 December 2023

About the buyer

The Pension Protection Fund protects members of defined benefit pension schemes across the UK, and buys as a central organisation. Public sector framework agreements are used where appropriate for goods and services. Contracts follow standard terms made up of an order form and core terms, with addendums covering information security, modern slavery and data protection. Nine specialist panels and frameworks support its assessment work, from legal to audit and actuarial services.

Over the past 5 years, most of the Pension Protection Fund's contract awards have been in IT services, business services and software and information systems.

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