Notice Information
Notice Title
Actuarial, Administration and Employer advice
Notice Description
The Trustees of the GMC Staff Superannuation Scheme are undertaking a review of its service providers to ensure that it continues to receive a high quality service and value for money on behalf of the Employer and Scheme membership. Accordingly, the Trustees are inviting service providers to bid for the provision of: - Actuarial services - Administrative service - Employer Advice service. Potential service providers must have experience of working with similarly sized schemes and should be able to provide all three of the specified services.
Lot Information
Lot 1
The Trustees of the GMC Staff Superannuation Scheme are undertaking a review of its service providers to ensure that it continues to receive a high quality service and value for money on behalf of the Employer and Scheme membership. Accordingly, the Trustees are inviting service providers to bid for the provision of: - Actuarial services - Administrative service - Employer Advice service. Potential service providers must have experience of working with similarly sized schemes and should be able to provide all three of the specified services. Scheme Information The GMC Staff Superannuation Scheme is a contracted-out defined benefits occupational pension scheme. The principal employer is the General Medical Council. The Scheme closed to new members on 30 June 2013, and has now closed to future accrual from 31 March 2018, although a salary link for active members at this date has been retained. There are two category types and the benefit structure offers members the opportunity to receive a full pension or exchange part of their pension for a tax free cash sum at retirement. On 1 January 2020 the membership profile was as follows: Active members - 466 Deferred members - 680 Pensioner members - 217 As of 31 December 2019, the assets of the Scheme were approximately 256.4 million GBP and a triennial actuarial valuation is due on 31 December 2021.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-028bfd
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/001191-2021
- Current Stage
- Award
- All Stages
- Award
Procurement Classification
- Notice Type
- Award Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure
- Tender Suitability
- Not specified
- Awardee Scale
- Large
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66131100 - Pension investment services
66141000 - Pension fund management services
66519600 - Actuarial services
66520000 - Pension services
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £3,500,000 £1M-£10M
Notice Dates
- Publication Date
- 20 Jan 20215 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- Not specified
- Award Date
- 18 Dec 20205 years ago
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Cancelled
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- GENERAL MEDICAL COUNCIL (GMC)
- Contact Name
- Not specified
- Contact Email
- gmctenders@gmc-uk.org
- Contact Phone
- +44 1619236340
Buyer Location
- Locality
- MANCHESTER
- Postcode
- M3 3AW
- Post Town
- Manchester
- Country
- England
-
- Major Region (ITL 1)
- TLD North West (England)
- Basic Region (ITL 2)
- TLD3 Greater Manchester
- Small Region (ITL 3)
- TLD33 Manchester
- Delivery Location
- Not specified
-
- Local Authority
- Manchester
- Electoral Ward
- Deansgate
- Westminster Constituency
- Manchester Central
Further Information
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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