Award

Trustee Services Panel

PENSION PROTECTION FUND

This public procurement record has 2 releases in its history.

Award

19 Feb 2025 at 16:57

Award Notice
Tender

30 Sep 2024 at 12:36

Tender Notice
Summary of the contracting process

The Pension Protection Fund (PPF) has successfully concluded an open procurement process for establishing a Trustee Services Panel. This falls under the industry category of pension services (CPV 66520000). The contract, located in London, United Kingdom, has an estimated value of £43,200,000 including VAT over a maximum duration of four years, commencing on 1st April 2025 and ending on 31st March 2027. Key dates include the tender publication on 30th September 2024 and the conclusion of the tender period on 4th November 2024.

This contract offers significant opportunities for businesses specialising in trustee and pre-insolvency services, particularly benefiting SMEs (small and medium-sized enterprises). The framework allows flexibility for firms to engage over an extended period, thus providing a substantial growth avenue. Experienced firms equipped to manage pension schemes during financial distress are ideally positioned to benefit from this procurement, fostering partnerships and expanding their service portfolios within the public sector.

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Notice Information

Notice Title

Trustee Services Panel

Notice Description

The Board of the Pension Protection Fund has established a new Framework of specialist firms to provide trustee and pre-insolvency services to pension schemes prior to, and during, the PPF Assessment Period. The contract will be for an initial term of two years with two optional one-year extensions to take the maximum possible term to four years (2+1+1). The estimate value of call-off contracts awarded via this framework's full potential four-year term is PS36,000,000 + VAT (PS43,200,000 inc. VAT).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-bb9943f4-99fb-488d-8d46-74ed5de01345
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/222528e3-e4e0-40ba-92d8-f7c1273125fb
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (above threshold)
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£43,200,000 £10M-£100M
Lots Value
Not specified
Awards Value
£43,200,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
19 Feb 20251 years ago
Submission Deadline
4 Nov 2024Expired
Future Notice Date
Not specified
Award Date
14 Feb 20251 years ago
Contract Period
31 Mar 2025 - 31 Mar 2027 1-2 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
Not specified
Contact Email
commercialservices@ppf.co.uk
Contact Phone
Not specified

Buyer Location

Locality
CROYDON
Postcode
CR0 2NA
Post Town
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
TLI London
Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Supplier Information

Number of Suppliers
4
Supplier Names

DALRIADA TRUSTEES

OPEN TRUSTEES

ROSS TRUSTEES SERVICES

VIDETT TRUSTEE SERVICES

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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