Awarded contract

Cordoba Agreement Pension Scheme.

Details

Value
£1,037,610
Topic
Pension services
Published
3 November 2025

Tender 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. Lot 1: 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.

Timeline

  1. Completed: Award date6 October 2025
  2. Completed: Award published3 November 2025
    Current notice

About the buyer

The Foreign, Commonwealth and Development Office is a ministerial department that buys through its own Commercial Directorate. Four category teams cover programme delivery, estates and security, digital and technology, and corporate services. The department runs its own frameworks, such as the Global Development Delivery Framework, and dynamic purchasing systems for construction and global facilities management.

A commercial pipeline is updated every quarter.

Over the past 5 years, most of the Foreign, Commonwealth and Development Office's contract awards have been in business services, transport equipment and construction work.

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