Award

Administration of the Civil Service Pension Scheme (CSPS) and Royal Mail Statutory Pension Scheme (RMSPS) administration services

CROWN COMMERCIAL SERVICE

This public procurement record has 2 releases in its history.

AwardUpdate

05 Jan 2024 at 14:19

Award Notice
Award

15 Dec 2023 at 15:28

Award Notice
Summary of the contracting process

The Crown Commercial Service has awarded a contract for the Administration of the Civil Service Pension Scheme (CSPS) and Royal Mail Statutory Pension Scheme (RMSPS) administration services. The tender had a value of £262,000,000 and involved the provision of pension services under a selective competitive procedure with negotiation. The procurement stage was completed, with the contract period starting on 17th November 2023 and ending on 16th November 2035. The tender deadline was on 17th March 2022, and the contract was awarded on 17th November 2023.

This tender presents a significant opportunity for businesses in the pension services industry to compete and grow their operations. Companies offering administration services and financial solutions in the pension sector would be well-suited to engage in this competitive procedure with negotiation. The Crown Commercial Service in London is the buying organisation for this procurement process, providing a lucrative opportunity for interested suppliers to participate in providing essential services for the UK occupational pension schemes.

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Notice Information

Notice Title

Administration of the Civil Service Pension Scheme (CSPS) and Royal Mail Statutory Pension Scheme (RMSPS) administration services

Notice Description

The Authority required the provision of administration services for the CSPS, which included the Principal Civil Service Pension Scheme, the Civil Service and Others Pension Scheme, the Civil Service Compensation Scheme and the Civil Service Injury Benefits Schemes. The CSPS is the 3rd largest UK occupational pension scheme with approximately 1.6 million members and 300+ employers. The pension administration services required include the following: Finance, accounting and taxation services administration services employer-related services including: the collection of data and contributions and maintaining accurate and clean data communications, including digital the provision of a portal maintenance of a comprehensive database of members records which complies with relevant legislation and regulatory requirements Provision of calculations and information for annual resource accounts remuneration reports member-related services, including: the provision of a member portal and self service capability the accurate and timely calculation of pension awards provision of options and benefits calculations resulting from McCloud judgment member communications (including digital communications, managing and operating a helpline and website, issuing annual benefits and pension saving statements, life time allowance statements, annual pension increase communications, scheme newsletters and leaflets) liaison with any scheme medical advisor that may be appointed by the Authority. pension payroll services (bulk and individual payroll services) and pensioner existence checking services related to the Civil Service Compensation Scheme and the Civil Service Injury Benefit Scheme reporting, including management information and provision of data, information and scheme returns to regulators and other bodies as needed

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f716e9a3-c604-46ce-b618-70a5ae0d2104
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f91f69a7-6120-4918-8220-2757e7e51ded
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

Notice Value(s)

Tender Value
£239,000,000 £100M-£1B
Lots Value
Not specified
Awards Value
£262,000,000 £100M-£1B
Contracts Value
Not specified

Notice Dates

Publication Date
5 Jan 20242 years ago
Submission Deadline
17 Mar 2022Expired
Future Notice Date
Not specified
Award Date
17 Nov 20232 years ago
Contract Period
17 Nov 2023 - 16 Nov 2035 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
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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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