Award

Master Trust Supervision Services

THE PENSIONS REGULATOR

This public procurement record has 1 release in its history.

Award

29 Jun 2018 at 08:53

Award Notice
Summary of the contracting process

The Pensions Regulator has awarded a contract for "Master Trust Supervision Services" as part of a mandatory regulatory initiative under the Pension Scheme Act 2017. This procurement, classified under the CPV code for financial and insurance services, was executed through a direct single tender action, with a contract value of £31,858.38. The contract commenced on 26th June 2018 and will run until 25th December 2018, with the tender period having ended on 24th June 2018. The supervision services are to be delivered in the South East of England, specifically to the city of Brighton.

This tender presents a key opportunity for businesses specialising in regulatory compliance and financial services, particularly those with expertise in the pension sector. Firms that can provide valuable insights and support in the development of supervision processes for Master Trust providers would be well-suited to compete. With the awarding of this contract to Pricewaterhouse Coopers LLP, there may be future opportunities for similar services or partnerships within the ongoing regulatory landscape.

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Notice Information

Notice Title

Master Trust Supervision Services

Notice Description

The Master Trust initiative responds to the Pension Scheme Act 2017, which requires TPR to authorise and supervise all DC Master Trusts. The Master Trust Programme is therefore a regulatory initiative that is mandated by law. TPR must deliver the required target operating model for pre-authorisation activity in March 2018. Having sufficient and appropriate process and systems expertise (with a practitioner's insight) is critical to resolving these challenges. This contract will provide the expertise that is required to design, build and deliver the suite of supervision processes and procedures, including the industry liaison that will be required to socialise our requirements and expectations of Master Trust providers.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5d8b9d77-9769-46a2-b866-2ce3f92499fa
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c5432c31-ac89-4966-9224-0775b721f3a5
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Single tender action (below threshold)
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
£31,858 Under £100K
Lots Value
Not specified
Awards Value
£31,858 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jun 20187 years ago
Submission Deadline
24 Jun 2018Expired
Future Notice Date
Not specified
Award Date
24 Jun 20187 years ago
Contract Period
25 Jun 2018 - 25 Dec 2018 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
THE PENSIONS REGULATOR
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BRIGHTON
Postcode
BN1 4DW
Post Town
Brighton
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ21 Brighton and Hove
Delivery Location
TLJ South East (England)
Local Authority
Brighton and Hove
Electoral Ward
West Hill & North Laine
Westminster Constituency
Brighton Pavilion

Supplier Information

Number of Suppliers
1
Supplier Name

PRICEWATERHOUSE COOPERS

Further Information

Notice Documents

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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