Notice Information
Notice Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
Notice Description
The Board of the Pension Protection Fund (the Board) has procured a Framework Agreement consisting of specialist firms to provide administration, actuarial, support and consultancy services. Firms have been appointed to either Lot 1 or Lot 2, or both Lots, distinguished by the type of work required under the Framework Agreement. * Lot 1 - Administration, Actuarial, Support & Pensions Consultancy Services * Lot 2 - Actuarial Consultancy Services Lot 1 is primarily for services to the Board where both administration and actuarial services and/or pensions consultancy may be required at the same time. Lot 2 is aimed at firms with specialist actuarial capabilities who have experience in either the pensions or insurance industries (where long-term risk modelling is also considered). The Framework Agreements have an initial term of two years, with the option of two one-year extensions, commencing 2 December 2023. The National Employment Savings Trust (NEST) may also choose to contract for services via a call-off from this Framework. The final value of the framework across the maximum term (four years) may fall within a wide range as it has been set up to be available for future call-offs for in scope requirements that we may not currently be aware of.
Lot Information
Lot 1 - Administration, Actuarial, Support & Pensions Consultancy Services
Lot 1 is primarily for services to the Board where both administration and actuarial services and/or pensions consultancy may be required at the same time.
Renewal: The Framework Agreement will be awarded for an initial period of two (2) years, the Framework Agreement may be extended on the same terms and conditions at the Board's option for a further period or periods not exceeding four (4) years in total.
Lot 2 - Actuarial Consultancy ServicesLot 2 is aimed at firms with specialist actuarial capabilities who have experience in either the pensions or insurance industries (where long-term risk modelling is also considered).
Renewal: The Framework Agreement will be awarded for an initial period of two (2) years, the Framework Agreement may be extended on the same terms and conditions at the Board's option for a further period or periods not exceeding four (4) years in total.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-03db9f
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/037609-2023
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- Tender Notice
- Procurement Type
- Framework
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure
- Tender Suitability
- Not specified
- Awardee Scale
- Large, SME
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66500000 - Insurance and pension services
66519600 - Actuarial services
Notice Value(s)
- Tender Value
- £50,000,000 £10M-£100M
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £50,000,000 £10M-£100M
Notice Dates
- Publication Date
- 21 Dec 20232 years ago
- Submission Deadline
- 26 Jul 2023Expired
- Future Notice Date
- Not specified
- Award Date
- 15 Nov 20232 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
- THE BOARD OF THE PENSION PROTECTION FUND
- Contact Name
- Not specified
- Contact Email
- commercialservices@ppf.co.uk
- Contact Phone
- +44 8456002541
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
- Not specified
-
- Local Authority
- Croydon
- Electoral Ward
- Fairfield
- Westminster Constituency
- Croydon West
Supplier Information
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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