Awarded contract

Member Data Validation Services

Details

Value
£5,076,000
Duration
3 years
Topic
Pension fund management services
Published
12 September 2024

Tender description

Data Validation Services relating to the accuracy of member data. Address Tracing and Correction Services, Mortality Screening Services, Overseas Address Tracing and Address Correction Services, Overseas Proof of Life and Mortality Screening Services, Bank Account Verification Services. Additional information: The initial term is 3 years. There is an option to extend to maximum term of up to a further 3 years. Potential maximum value stated is based on current predicted volumes for a full potential 6 year term. The scope for this contract includes provisions to support a significant rise in member volumes to the current estimates, including increases that might result from changes to our future remit. Increased volumes may significantly increase the current estimated value that we have stated.

Timeline

  1. Completed: Award published12 September 2024
    Current notice
  2. Completed: Award date1 October 2024
  3. Next: Contract expiry date30 September 2027in 11 months

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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