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Trustee Services Panel

Pension Protection Fund

This public procurement record has 2 releases in its history.

Award

19 Feb 2025 at 16:57

Award Notice
Tender

30 Sep 2024 at 13:34

Tender Notice
Summary of the contracting process

The Pension Protection Fund (PPF) has completed the procurement process for a Trustee Services Panel, aimed at providing trustee and pre-insolvency services for pension schemes during the PPF Assessment Period. This open procedure contract was awarded on 19 February 2025 and falls under the services category, specifically pension services (CPV code: 66520000). The framework will initially last for two years, with possibilities for extending up to four years, and estimates a total value of £36,000,000 plus VAT. The primary location for the contract's delivery is the United Kingdom.

This tender presents significant growth opportunities for businesses specialising in trustee and pre-insolvency services, as indicated by the substantial contract value and the potential for a four-year term. The framework is designed to support firms that can demonstrate strong customer service quality, capacity, quality standards, continuous improvement, and social value, making it ideal for small to medium-sized enterprises with established expertise in the field. The awarded contracts include Dalriada Trustees Limited, Ross Trustees Services Limited, Open Trustees Limited, and Vidett Trustee Services Limited, highlighting the competitive nature and scope of this procurement effort.

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Notice Information

Notice Title

Trustee Services Panel

Notice Description

The Board of the Pension Protection Fund has established a new Framework of specialist firms to provide trustee and pre-insolvency services to pension schemes prior to, and during, the PPF Assessment Period.

Lot Information

Lot 1

The Board of the Pension Protection Fund has established a new Framework of specialist firms to provide trustee and pre-insolvency services to pension schemes prior to, and during, the PPF Assessment Period. The contract will be for an initial term of two years with two optional one-year extensions to take the maximum possible term to four years (2+1+1). The estimate value of call-off contracts awarded via this framework's full potential four-year term is PS36,000,000 + VAT (PS43,200,000 inc. VAT).

Renewal: The Framework Agreements 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 (2+1+1).

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04a429
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/005990-2025
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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£36,000,000 £10M-£100M
Lots Value
£36,000,000 £10M-£100M
Awards Value
Not specified
Contracts Value
£36,000,000 £10M-£100M

Notice Dates

Publication Date
19 Feb 20251 years ago
Submission Deadline
4 Nov 2024Expired
Future Notice Date
Not specified
Award Date
11 Feb 20251 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
Pension Protection Fund
Additional Buyers

The Board of the Pension Protection Fund

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CROYDON
Postcode
CR0 2NA
Postcode Area
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

Number of Suppliers
4
Supplier Names

Dalriada Trustees Limited

Open Trustees Limited

Ross Trustees Services Limited

Vidett Trustee Services 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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