Tender

Future Administration of the Civil Service Pension Scheme and the Royal Mail Statutory Pension Scheme

CROWN COMMERCIAL SERVICE

This public procurement record has 2 releases in its history.

TenderAmendment

11 Mar 2022 at 16:25

Tender Notice
Tender

28 Feb 2022 at 09:45

Tender Notice
Summary of the contracting process

The Crown Commercial Service is currently overseeing a competitive tender (RM6326) for the future administration of the Civil Service Pension Scheme (CSPS) and the Royal Mail Statutory Pension Scheme (RMSPS). This procurement, classified under pension services, is significant with a total value of £310 million. The tender period is set to conclude on 7th March 2022, and the awarded contracts will commence on 20th October 2025, lasting until 21st October 2030. The current administration contract for the CSPS is due to expire on 31st December 2023, while the RMSPS contract ends on 30th September 2024. Interested suppliers are encouraged to submit proposals that demonstrate a commitment to improving pension administration services.

This tender presents substantial opportunities for businesses, particularly for those specialising in pension administration and related services. Suppliers with a proven track record in transforming pension service delivery and enhancing member experience are well-suited for these contracts. Companies that can effectively manage administrative processes for large-scale pension schemes, engage with numerous employers, and demonstrate expertise in continuous improvement will find a compelling prospect for growth through this procurement process.

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Notice Information

Notice Title

Future Administration of the Civil Service Pension Scheme and the Royal Mail Statutory Pension Scheme

Notice Description

The procurement will comprise 2 lots, each of which will be awarded as a separate contract. Details of the lots are as follows: Lot 1:Procurement for the provision of pension administration for the Civil Service Pension Scheme ("CSPS") The CSPS Pension Scheme is managed by the Authority. The current contract expires on 31/12/2023. The CSPS is the 3rd largest UK occupational pension scheme with approximately 1.6 million members and 300+ employers. The Authority aims to transform the administration of the CSPS, aspiring to become the UK's best administered and managed public-sector pension scheme. We are seeking a supplier who shares our vision, and will work in partnership to deliver a service that puts member experience at its heart, whilst also transforming the service for both members and employers. Suppliers must demonstrate a commitment to and track record for delivering incremental and continuous improvement. The Authority is therefore looking for proposals to respond to this significant pension administration services opportunity. This Lot is solely for the administration services of the CSPS and associated schemes as referred to in para II.2.4 below. The successful bidder will be expected to work with the Authority in its role as scheme manager, as well as with all current and potential employers (of whom there are currently around 350) covered by the scheme. Website: www.civilservicepensionscheme.org.uk Lot 2 Procurement for the provision of pension administration for the Royal Mail Statutory Pensions Scheme ("RMSPS") The RMSPS Pension Scheme is managed by the Authority. The current contract expires on 31/09/2024. The authority wants to ensure the members get the excellent service that they rightly expect. Above all we want to ensure that the right people get the right benefits at the right time and at the right cost to the taxpayer. This procurement is solely for the pension administration services to the RMSPS. The successful pension administrator will be expected to work with Royal Mail Pension Plan's ("RMPP") pension administrator, Royal Mail Group Limited ("RMG"), with regard to those members who are beneficiaries in both RMSPS and RMPP. RMSPS is currently the 6th largest public sector pension scheme in the United Kingdom, with approximately 365,000 members. The scheme has no active members so there are no accruing costs or contributions. Website: www.royalmailsps.co.uk

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4b4a2acd-aacb-43f6-b95c-85e76bb5aa75
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ecaa238d-13b7-4b3a-a976-7c5785104c85
Current Stage
Tender
All Stages
Tender

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

75 - Administration, defence and social security services

CPV Codes

66520000 - Pension services

75100000 - Administration services

75320000 - Government employee pension schemes

Notice Value(s)

Tender Value
£310,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Mar 20223 years ago
Submission Deadline
17 Mar 2022Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
19 Oct 2025 - 21 Oct 2030 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
CROWN COMMERCIAL SERVICE
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 2HQ
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
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Further Information

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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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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