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GB-London: 859417083 Pension Advisory Services

Rail Safety and Standards Board

This public procurement record has 1 release in its history.

Award

19 Aug 2024 at 18:20

Award Notice
Summary of the contracting process

The Rail Safety and Standards Board (RSSB) in London has successfully completed a procurement process for Pension Advisory Services, valued at £150,000. The contract, titled "GB-London: 859417083 Pension Advisory Services," falls within the pension services industry and includes pension fund management services and insurance and pension services. The procurement process has now reached the award stage, with the contract period starting on 5th April 2024 and ending on 4th April 2027. Key dates include the award date of 4th April 2024. The procurement method details are not specified, but the project is classified under the main procurement category of services.

This tender presents significant growth opportunities for businesses specialising in pension advisory and management services. Although suitability for SME and VCSE is marked as false, large-scale companies with expertise in managing DB pension schemes would find this contract particularly fitting. The awarded supplier, XPS Pensions Group, a large organisation based in London, indicates that companies of similar scale and capability are well-suited to compete for such prestigious contracts with the RSSB. Involvement in this sizeable contract can enhance business portfolios and provide substantial industry exposure.

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Notice Information

Notice Title

GB-London: 859417083 Pension Advisory Services

Notice Description

Independent advice on management of the DB pension scheme.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-1b31eff9-49fd-4b83-acb1-9e0d745829fc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9c34501f-a0d7-4e7b-92db-ed042a3a1c49
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66141000 - Pension fund management services

66500000 - Insurance and pension services

66520000 - Pension services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£150,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
19 Aug 20242 years ago
Submission Deadline
4 Apr 2024Expired
Future Notice Date
Not specified
Award Date
4 Apr 20242 years ago
Contract Period
5 Apr 2024 - 4 Apr 2027 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Rail Safety and Standards Board
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
EC2M 2RB
Postcode Area
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI43 Haringey and Islington
Delivery Location
TLI London
Local Authority
Islington
Electoral Ward
Bunhill
Westminster Constituency
Islington South and Finsbury

Supplier Information

Number of Suppliers
1
Supplier Name

XPS Pensions Group

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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