Tender

Cordoba Agreement Pension Scheme

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Tender

02 Dec 2024 at 14:05

Summary of the contracting process

The Foreign Commonwealth and Development Office (FCDO) has issued a tender for the management of the Cordoba Agreement Pension Scheme, covering pension fund management services. This tender is classified under CPV code 66141000 and additional classification 66520000. Located in London, the procurement process is currently at the tender stage, with an open procedure above the threshold. Key dates include the tender period ending on 17 December 2024, and the contract period running from 1 August 2025 to 31 July 2029. The contract is valued at £860,000 GBP.

This tender offers substantial opportunities for businesses specialising in pension fund management, particularly those with knowledge of the Gibraltar Pension Ordinances. SME businesses are encouraged to compete. Winning this contract would allow businesses to establish a significant working relationship with both the FCDO and the Government of Gibraltar, contributing to the administration and management of a bespoke pension scheme for elderly pensioners, including widows, and enhancing their portfolio in the public sector services industry.

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Notice Title

Cordoba Agreement Pension Scheme

Notice Description

The FCDO also has responsibility for the payment of a pension related to overseas service agreements. There are currently approximately 678 monthly and 189 quarterly paid pensioners in receipt of this pension. This is a closed pension scheme, and the average age is around 91 years. The pensioner population is declining each year with a limited number of eligible widows. 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.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-11c8ef53-1c99-4149-a63f-e7776ebe3924
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/1288e62b-c94c-4d53-9ace-b168f5b89fd8
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66141000 - Pension fund management services

66520000 - Pension services

Notice Value(s)

Tender Value
£860,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Dec 20241 years ago
Submission Deadline
17 Dec 2024Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
31 Jul 2025 - 31 Jul 2029 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2AH
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
TLI London

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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