Awarded contract

GMC2199 Actuarial and administration services, investment services and employee advice

Details

Value
£9,225,000
Duration
5 years
Topic
Banking and investment services
Published
14 November 2025

Tender description

The Trustees of the GMC Staff Superannuation Scheme are undertaking a re-tendering exercise of its services to ensure that it continues to receive a high-quality service and value for money on behalf of the Employer and Scheme membership. Accordingly, the Trustees are re-tendering services for the provision of: • Actuarial services • Administrative service • Investment advice service • Employer advice service (the GMC/Employer is tendering for these services, not the Pension Trustees ## Contract award Title: LOT 1 - Actuarial services for the GMC Staff Superannuation Scheme Lots: - Lot 1: Lot 1 – Actuarial services for the GMC Staff Superannuation Scheme ## Contract award Title: LOT 2 – Administration services for the GMC Staff Superannuation Scheme Lots: - Lot LOT2: Lot 2 - Administration services for the GMC Staff Superannuation Scheme ## Contract award Title: LOT 3 - Investment advice services for the GMC staff superannuation scheme Lots: - Lot LOT3: Lot 3 – Investment advice services for the GMC Staff Superannuation Scheme ## Contract award Title: LOT 4 - Employer advice provision for the GMC Lots: - Lot LOT4: Lot 4 – Employer advice provision for the GMC (contract with Employer not the Trustees)

Timeline

  1. Completed: Award published14 November 2025
    Current notice
  2. Completed: Award date14 November 2025
  3. Next: Contract expiry date4 December 2030in 4 years

About the buyer

General Medical Council (GMC) is the UK's independent regulator of doctors, a central body with its own procurement function. A procurement policy commits every purchase to a professional, transparent process. GMC also draws on government frameworks run by the Government Commercial Agency where they fit its needs. Estates contracts, including maintenance and fit-out work, run from offices in London and Manchester.

Separate preferred supplier lists cover general recruitment and IT recruitment roles.

Over the past 5 years, most of GMC's contract awards have been in business services, IT services and construction work.

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