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Contract Variation for the Provision of the Teachers' Pension Scheme Administration for the UK Department for Education

Department for Education

This public procurement record has 1 release in its history.

AwardUpdate

24 Sep 2021 at 22:45

Award Notice
Summary of the contracting process

The UK Department for Education is currently at the Award stage of the tender process for a contract titled "Contract Variation for the Provision of the Teachers’ Pension Scheme Administration". This procurement falls under the services industry category, specifically within pension fund administration services (CPV: 66523100). The contract, which has an estimated value of £213,641,111, is set to run until 30 September 2025, with key modifications arising from legal rulings regarding discrimination in pension schemes. The tender is being executed under the EU regulations, with amendments prompted by the Court of Appeal's decision impacting public service pension schemes.

This tender presents significant growth opportunities for businesses specialising in pension fund administration and related financial services. Companies equipped to address complex regulatory environments and capable of providing innovative solutions for pension administration will be particularly well-suited to compete. Firms with experience in managing large-scale pensions reconciliations and a strong grasp of the legal implications of pension scheme administration will find this opportunity appealing, particularly given the ongoing need to rectify discriminatory practices as mandated by recent legislation.

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Notice Information

Notice Title

Contract Variation for the Provision of the Teachers' Pension Scheme Administration for the UK Department for Education

Notice Description

Lot Information

Lot 1

On 20 December 2018, the Court of Appeal ruled that transitional protection arrangements contained within the judges' and firefighters' pensions schemes (the McCloud and Sargeant cases, respectively) were discriminatory on the grounds of age, sex and race. The transitional protection arrangements are policy provisions that were introduced on 31 March 2012 and enabled those who were closest to their normal pension age to stay in the final salary schemes whilst those who were younger transitioned over into the new Career Average Revalued Earnings (CARE) schemes from 1 April 2015. And therefore there is a need to deliver transitional protection discrimination remedy.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-02e4be
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/023885-2021
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
Not specified
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£213,641,111 £100M-£1B

Notice Dates

Publication Date
24 Sep 20214 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
24 Apr 201115 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Not Specified
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Department for Education
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
Not specified
Postcode Area
Not specified
Country
Not specified
Major Region (ITL 1)
Not specified
Basic Region (ITL 2)
Not specified
Small Region (ITL 3)
Not specified
Delivery Location
Not specified
Local Authority
Not specified
Electoral Ward
Not specified
Westminster Constituency
Not specified

Supplier Information

Number of Suppliers
1
Supplier Name

Capita Employee Benefits Limited

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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