Planning

W164568 Pensions Benchmarking Service 2025

NHS BUSINESS SERVICES AUTHORITY

This public procurement record has 1 release in its history.

Planning

27 Nov 2024 at 11:25

Market Engagement Notice
Summary of the contracting process

The NHS Business Services Authority (NHSBSA) is planning to procure a Pensions Benchmarking Service for 2025 under the title "W164568 Pensions Benchmarking Service 2025". This falls under the industry category of group pension services and related administrative and management services. The procurement is currently in the planning stage with key engagement activities concluding on the 6th of January 2025. This initiative aims to gather information on available market services and procurement routes, preparing for the tender process expected in early to mid-2025. The service is intended for use across various locations including the United Kingdom, British Overseas Territories, Channel Islands, Europe, Isle of Man, and worldwide.

This procurement process opens significant opportunities for businesses, particularly those specialising in pension fund management, individual pension services, and insurance and pension services. It is particularly suitable for SMEs and voluntary, community, and social enterprises (VCSEs). Companies experienced in providing benchmarking services would be well positioned to compete, as the NHSBSA aims to ensure value for money and operational efficiency within the NHS Pension Scheme. This tender can help businesses expand their portfolio, gain credibility by working with a major public sector organisation, and potentially secure long-term contracts with the NHSBSA.

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Notice Information

Notice Title

W164568 Pensions Benchmarking Service 2025

Notice Description

The NHS Pensions Service is a department under the NHSBSA. Its role is to centrally administer the NHS Pension Scheme on behalf of the Department of Health. The NHS Pension Scheme currently has over 1.6 million actively contributing members, 700,000+ deferred members, and pays pension benefits to 960,000+ recipients every month. The service collects monthly contributions and pays out pension benefits totaling PS12.1 billion per year. The NHSBSA works with 10,000 different scheme employers who are responsible for local administration of the Scheme across England and Wales. The NHS Pension Scheme has been a cornerstone of the NHS' reward package since its creation in 1948. In terms of membership, it is the largest centrally administered public service pension scheme in Europe. For more information regarding the NHS Pensions department and the NHS Pension Scheme, please visit the following website: https://www.nhsbsa.nhs.uk/nhs-pensions. The NHSBSA currently has a contract in place with CEM Benchmarking Inc. to provide a pension administration benchmarking service for a period of 12 months. This service will run from the 01 June 2024 to 31 May 2025. This service is used to benchmark the NHS pension scheme against other large public sector body pension schemes. This is to ensure value for money is being achieved by providing an understanding of the NHSBSA's operating costs and to improve its comparator score against other large public sector bodies. The NHSBSA is looking to run an RFI to understand what services are available within the market as well as what routes to market are available for the service (e.g. frameworks). This is prepare the NHSBSA for an upcoming procurement in early to mid-2025. About NHSBSA: The NHSBSA is a national organisation providing a broad range of business services that support the wider NHS. Further information on our extensive service portfolio can be found at: https://www.nhsbsa.nhs.uk/about-us. Further information related to the early market engagement activities and how to participate can be found in the Additional Information section of the Find a Tender Service Notice, which can be found here: https://www.find-tender.service.gov.uk/Notice/038267-2024

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-99c0c9e3-301e-43af-bda0-7cf3b5fd7d2a
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7c70e00e-01fd-4d60-9eca-5e0ff5771fe9
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Market Engagement Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

75 - Administration, defence and social security services

CPV Codes

66141000 - Pension fund management services

66500000 - Insurance and pension services

66520000 - Pension services

66521000 - Individual pension services

66522000 - Group pension services

75110000 - General public services

75112000 - Administrative services for business operations

75320000 - Government employee pension schemes

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Nov 20241 years ago
Submission Deadline
Not specified
Future Notice Date
6 Jan 2025Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NHS BUSINESS SERVICES AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE15 8NY
Post Town
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
Not specified
Local Authority
Newcastle upon Tyne
Electoral Ward
Lemington
Westminster Constituency
Newcastle upon Tyne Central and West

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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