Award

Pension Review Service

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

18 Aug 2025 at 14:54

Award Notice
Summary of the contracting process

The Bank of England has successfully completed a procurement process for the "Pension Review Service," falling under the pension services category, with a focus on supporting within the United Kingdom. The tender process, conducted under "Other - STA" procurement method, concluded with an award on 15 March 2024. The contract began on 18 March 2024 and is scheduled to continue until 31 January 2025. The procurement stage is currently at the Award stage, demonstrating the completion of the selection process and highlighting a financial commitment totalling £530,789. The project is noteworthy for its potential attractiveness to small and medium enterprises (SME) but indicates a lesser focus on voluntary, community, and social enterprises (VCSE).

This tender presents a significant opportunity for SMEs, particularly those specialising in financial services and pension management, looking to expand their operations within the UK financial sector. The engagement with the Bank of England, a prestigious public institution, promises noteworthy exposure and growth potential for suppliers capable of delivering high-quality pension reviews. The completed procurement process and alignment with SME accessibility make it a strategic point of entry for businesses looking to establish themselves in government-affiliated contracts within the services industry.

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Notice Information

Notice Title

Pension Review Service

Notice Description

Pensions services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c2ca35a4-6f42-453a-8a51-27a79e66b8e7
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6156a8c1-96eb-41e0-81c2-4ebda74cb38a
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other - STA
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£530,789 £500K-£1M
Lots Value
Not specified
Awards Value
£530,789 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
18 Aug 20256 months ago
Submission Deadline
14 Mar 2024Expired
Future Notice Date
Not specified
Award Date
15 Mar 20241 years ago
Contract Period
18 Mar 2024 - 31 Jan 2025 6-12 months
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
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central 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
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

GALLAGHER COMMUNICATIONS

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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