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International Payment Services 2026

Pension Protection Fund

This public procurement record has 1 release in its history.

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13 Aug 2026 at 16:09

Award Notice
Summary of the contracting process

The Pension Protection Fund procured international payment transfer services to facilitate payments of overseas member benefits. The requirement covers arranging payments to beneficiaries in the United Kingdom, Europe, the Isle of Man, the Channel Islands, the British Overseas Territories and the rest of the world. This is a services contract, classified under CPV 66115000. The buying organisation is the Pension Protection Fund, based in Croydon, England. The requirement concerns the operational delivery of overseas benefit payments rather than pension administration generally, so it is most relevant to payment service providers, financial operations specialists and businesses with the infrastructure to support cross-border payments for pension or benefits schemes.

The procurement has been completed and awarded through a selective call-off from the LGPS Pensions Administration Operational Support Services Framework. The contract was awarded to PAYMASTER (1836) LIMITED on 29 April 2026. Its value is £1,000,000. The contract period runs from 30 April 2026 to 30 April 2030. The tender submission deadline was 29 April 2026 at 13:00. The opportunity was identified as suitable for small and medium-sized enterprises. It is a single international payment services requirement, covering delivery across the United Kingdom, Europe, the Isle of Man, the Channel Islands, the British Overseas Territories and the rest of the world.

For a supplier that did not win this procurement, the award provides a clear benchmark for the type of provider selected for the Pension Protection Fund’s overseas benefits payments. A credible future competitor would need reliable international payment transfer capability, operational processes for paying members across multiple jurisdictions, and the capacity to support a public-sector benefits scheme over a multi-year period. The requirement was suitable for small and medium-sized enterprises, showing that scale alone was not necessarily a barrier. Relevant firms should be able to demonstrate dependable cross-border payment operations, broad geographic coverage and experience handling recurring, high-volume or administratively sensitive benefit payments.

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Notice Information

Notice Title

International Payment Services 2026

Notice Description

Service to facilitate the payment of overseas member benefits. Procured via LGPS Pensions Administration Operational Support Services Framework.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-9db6af29-5cb8-403c-bbdf-e95bd15c8c31
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/487fb95b-4a21-4dec-b5f0-918ba67273a5
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
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66115000 - International payment transfer services

Notice Value(s)

Tender Value
£1,000,000 £1M-£10M
Lots Value
Not specified
Awards Value
£1,000,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Aug 20261 weeks ago
Submission Deadline
29 Apr 2026Expired
Future Notice Date
Not specified
Award Date
29 Apr 20264 months ago
Contract Period
30 Apr 2026 - 30 Apr 2030 4-5 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
Pension Protection Fund
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CROYDON
Postcode
CR0 2NA
Postcode Area
Croydon
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
Not specified
Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Supplier Information

Number of Suppliers
1
Supplier Name

PAYMASTER (1836) LIMITED

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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