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Cordoba Agreement Pension Scheme.

Foreign Commonwealth and Development Office

This public procurement record has 4 releases in its history.

Award

03 Nov 2025 at 14:23

Award Notice
Tender

02 Dec 2024 at 14:04

Tender Notice
TenderUpdate

15 Aug 2024 at 13:52

Tender Notice
Planning

09 Aug 2024 at 16:03

Planning Notice
Summary of the contracting process

The procurement process for the "Cordoba Agreement Pension Scheme" was conducted by the Foreign Commonwealth and Development Office (FCDO), located in London, UK. This tender is classified under the pension services industry (CPV: 66520000) and involves the administration and payment of pensions to approximately 900 overseas pensioners under the scheme. The procurement concluded with the awarding of a contract to CROWN AGENTS BANK LIMITED, with an active contract signed on 6th October 2025. The procurement followed an open procedure and was covered by the Government Procurement Agreement (GPA). This service is vital for the coordination with the Government of Gibraltar, requiring suppliers to maintain a robust working relationship and possess familiarity with the Gibraltar Pension Ordinances.

This tender presents significant opportunities for businesses in the financial services sector, particularly those with expertise in pension fund management and overseas financial operations. Firms that are well-versed in collaborating with government bodies and exhibit the capability to handle complex financial transactions in multiple currencies would find this opportunity promising for growth. Companies already registered with the Financial Conduct Authority (FCA) and possessing the resources to engage in the required high-standard service provision are ideally suited to compete for such contracts, leveraging this as a strategic entry or expansion point in government-related financial services.

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Notice Information

Notice Title

Cordoba Agreement Pension Scheme.

Notice Description

The FCDO requires a supplier to provide administration and payment of pensions on behalf of the Overseas Pensions Department (OPD) to approximately 900 overseas pensioners currently entitled to life pensions, for the contract term. This is a bespoke pension scheme; and a working knowledge of the Gibraltar Pension Ordinances is essential. The administration of this pension scheme will require the supplier to engage with the Government of Gibraltar and maintain a strong working relationship to facilitate the sharing of critical information.

Lot Information

Lot 1

The FCDO require the facility of a banking service to provide services in relation to the administration of this Cordoba scheme, and the disbursement of pension payments to pensioners covered by the ongoing Scheme Agreement.

Renewal: Initial Term of 4 years plus 3 optional 1 year extensions

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-048990
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/070490-2025
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning 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

66520000 - Pension services

66521000 - Individual pension services

Notice Value(s)

Tender Value
£18,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£1,037,610 £1M-£10M

Notice Dates

Publication Date
3 Nov 20259 months ago
Submission Deadline
17 Dec 2024Expired
Future Notice Date
25 Nov 2024Expired
Award Date
6 Oct 202510 months ago
Contract Period
1 Aug 2025 - 31 Jul 2029 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Foreign Commonwealth and Development Office
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 2AH
Postcode Area
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

CROWN AGENTS BANK LIMITED

Further Information

Open Contracting Data Standard (OCDS)

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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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