Summary of the contracting process

The NHS Business Services Authority has recently completed a procurement process titled "Pensions Subject Matter Experts" within the industry category of Pension Fund Management Services. This initiative is crucial due to the McCloud Judgment, necessitating compliance with legal obligations to address age discrimination in public sector pension schemes. Located in Newcastle Upon Tyne, United Kingdom, the contract period began on 22 April 2025 and will conclude on 21 April 2026. Such services are targeted at handling the increased pension workloads influenced by recent announcements concerning NHS England and Integrated Care Boards (ICBs). The procurement process was executed through a selective method, specifically a call-off from a framework agreement, with deadlines spanning until April 2025, marking the procurement stage as Award.

This opportunity presents significant avenues for business growth, primarily for organisations possessing expertise in high-volume pension management processes and complex retirement calculations. Large enterprises, such as Equiniti Limited, which was awarded the contract valued at £6,500,000, exemplify firms well-equipped to provide the necessary skilled expertise in navigating the complexities of the McCloud judgment compliance and managing substantial pension workloads. Such tenders can enable businesses to leverage their capabilities in specialised pension fund management, enhancing their service portfolio and increasing their foothold within government-related contracts.

Award

Pensions Subject Matter Experts

NHS BUSINESS SERVICES AUTHORITY

Contract Timeline

Publication Date

8th May 2025 12:38:39 PM
Contract Summary

The McCloud Judgement refers to a ruling by the Court of Appeal, which instructs that remedies are put in place to remove age discrimination from public sector pension schemes following the 2015 reforms. As providers of the NHS Pension Scheme, DHSC and NHSBSA are within scope of this judgement and must therefore comply with legal obligations. In addition to this, the recent announcements around NHSE and ICBs will lead to an unforeseen significant spike in Pension workloads with an expectation that these members are prioritised and timescales aligned with DHSC expectations and timelines. Work will include redundancy estimate requests, end to end retirement calculations and then putting pensions into payment. The calculations required for impacted McCloud members will add complexity as Pensions Savings Statement will also need to be produced. Resource required for this work are highly skilled Subject Matter Experts.
Contract Details

Open Contracting ID

ocds-b5fd17-5da6d59b-d741-425e-b24e-d51d5422878d

Publication Source

Contracts Finder

Procurement Stage

Award

Procurement Method

Selective

Procurement Method Details

Call-off From A Framework Agreement

Procurement Category

Services

Tender Suitability

Framework / DPS

Framework
Contract Classification

CPV Code(s)

66141000

CPV Division(s)

66 - Financial and insurance services
Awarding Authority

NHS BUSINESS SERVICES AUTHORITY

Buyer Name

Edward Bewick

Buyer Email

commercialservicesteam@nhsbsa.nhs.uk

Buyer Phone

Buyer Address

Stella House

Newcastle Upon Tyne

NE15 8NY

United Kingdom
Awarded Supplier(s)

Supplier Name(s)

EQUINITI LIMITED

View contract on Contracts Finder

Pensions Subject Matter Experts

NHS BUSINESS SERVICES AUTHORITY

Contract Timeline

Contract Summary

Contract Details

Contract Classification

Awarding Authority

Awarded Supplier(s)