Award

Administration of the Royal Mail Statutory Pension Scheme (RMSPS) administration services

CROWN COMMERCIAL SERVICE

This public procurement record has 1 release in its history.

Award

29 Jul 2024 at 15:35

Award Notice
Summary of the contracting process

The Crown Commercial Service has awarded a contract for the administration of the Royal Mail Statutory Pension Scheme (RMSPS) to Capita Pension Solutions Limited. This contract, classified under the industry category of Pension Services (CPV 66520000) with additional classifications in Administration Services (CPV 75100000) and Government Employee Pension Schemes (CPV 75320000), covers the entire United Kingdom. The procurement stage for this tender is complete, with the award status currently active. The contract period begins on 1st July 2024 and ends on 31st December 2033, with the contract valued at £48,000,000. The procurement method used was selective, specifically a competitive procedure with negotiation above the threshold.

This tender opens significant opportunities for businesses specialising in large-scale pension administration. Companies that have robust experience in managing complex public sector pension schemes and possess the capability to handle a significant number of members—around 365,000 in this instance—would be well-suited for such ventures. Firms with additional competencies in administrative and government employee pension schemes, although not aimed at SMEs or VCSEs for this tender, can explore collaborative ventures and sub-contracting opportunities to participate in this substantial public service endeavour.

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Notice Information

Notice Title

Administration of the Royal Mail Statutory Pension Scheme (RMSPS) administration services

Notice Description

This Award Notice relates solely to Lot 2: Procurement for the provision of pension administration for the Royal Mail Statutory Pension Scheme (RMSPS). The RMSPS Pension Scheme is managed by the Authority. The current contract expires on 30 September 2024. The RMSPS is the 6th largest public sector pension scheme in the United Kingdom, with approximately 365,000 members

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-77f90d2f-2d1c-4f85-9456-812417cfed72
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/c2e83344-f0f7-4554-a178-af25d3cc3e2f
Current Stage
Award
All Stages
Award

Procurement Classification

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

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
£48,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£48,000,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
29 Jul 20241 years ago
Submission Deadline
17 Mar 2022Expired
Future Notice Date
Not specified
Award Date
30 Jun 20241 years ago
Contract Period
30 Jun 2024 - 31 Dec 2033 Over 5 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
CROWN COMMERCIAL SERVICE
Contact Name
The Cabinet Office
Contact Email
csps.futureservice@cabinetoffice.gov.uk
Contact Phone
0345 410 2222

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

Supplier Information

Number of Suppliers
1
Supplier Name

CAPITA PENSION SOLUTIONS

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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