Award

SC20253 - GMP Rectification

KENT COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

16 Feb 2023 at 11:32

Award Notice
Summary of the contracting process

Kent County Council has awarded a contract for GMP Rectification services under the National LGPS Framework. The contract value is £86,700, with a contract period from 1st February 2023 to 1st September 2023. The procurement method was selective, calling off from a framework agreement. The services fall under the Financial and insurance services category, with delivery addresses in South East, United Kingdom.

This tender presents an opportunity for businesses experienced in GMP Rectification exercises for LGPS and Police. Suitable companies should have a proven track record using the Altair pension administration software and experience liaising with local government organisations. The awarded contract provides a platform for growth in the financial and insurance services sector, particularly for companies looking to expand their operations in the South East region of the United Kingdom.

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Notice Information

Notice Title

SC20253 - GMP Rectification

Notice Description

Kent County Council wish to appoint a Provider to supply the following services under Lot 1 - Pension Administration Operational Support Services under the National LGPS Framework reference NCCT42210 as set out in the Framework tender documents. The supplier will be required to agree an approach to adjust member benefits where the value of the Guaranteed Minimum Pension (GMP) in payment has been reconciled against data held by the National Insurance Contributions Office (NICO) and the value in payment needs to be amended and the benefits rectified. The supplier will be expected to provide draft results to the Fund so that decisions can be made on any under and over payments of benefits in payment. Once those decisions have been made, the supplier will need to adjust the benefits and potentially reclaim any overpayments or make payment of any arrears (including interest) of underpayments. The supplier will then be expected to notify pensioners of the change to the level of their benefits, and the value of any under/over payment including what actions will be taken and any appeals process against the Fund. The supplier will need to liaise closely with the Fund to ensure that where there have been member movements i.e. new pensioners or deceased pensioners, these are either included or excluded from the exercise. The supplier may be expected to present results to the Pension Fund Committee, including proposals and recommendations. The supplier will advise the Fund based on experience across the industry. If the exercise spans the application of the 2023 Pensions Increase to benefits in payment, the supplier will need to take this into account and have the means of adjusting the values appropriately. The supplier will need to manage the project from start to finish including the management of any decisions required. The Fund may be required to support the supplier with the review of member records, alternatively if this resource is not available within the Fund the supplier may be expected to carry out this review and provide recommendations based on their findings. The supplier will need to meet regularly with the Fund to provide progress updates and address any issues/concerns, and potentially share those updates via presentations to the Local Pension Board and Pension Fund Committee. The supplier shall provide the Pension Fund with a project plan that sets out clear timescales and milestones. The supplier shall have demonstrable experience of dealing with GMP Rectification exercises for LGPS and Police and have experience of using the Altair pension administration software.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4bc412d7-0548-4e14-852d-2a6e45fc175c
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4503d6df-a12c-4908-902b-65e00016a7c1
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£160,000 £100K-£500K
Lots Value
Not specified
Awards Value
£86,700 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
16 Feb 20233 years ago
Submission Deadline
1 Jan 2023Expired
Future Notice Date
Not specified
Award Date
25 Jan 20233 years ago
Contract Period
1 Feb 2023 - 1 Sep 2023 6-12 months
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
KENT COUNTY COUNCIL
Contact Name
Alex Whelan
Contact Email
alexander.whelan@kent.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
MAIDSTONE
Postcode
ME14 1XX
Post Town
Rochester
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ4 Kent
Small Region (ITL 3)
TLJ45 Mid Kent
Delivery Location
TLJ South East (England)
Local Authority
Maidstone
Electoral Ward
Penenden Heath
Westminster Constituency
Maidstone and Malling

Supplier Information

Number of Suppliers
1
Supplier Name

INDEPENDENT TRANSITION MANAGEMENT

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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