Planning

W164568 Pensions Benchmarking Service 2025

NHS BUSINESS SERVICES AUTHORITY

This public procurement record has 1 release in its history.

Planning

27 Nov 2024 at 11:22

Summary of the contracting process

The NHS Business Services Authority (NHSBSA) is in the planning stage for a tender titled "W164568 Pensions Benchmarking Service 2025", which aims to identify pensions benchmarking services. This procurement is focused on services within the pension fund management industry, classified under CPV code 66141000. The location for this tender is in the North East of England (UKC). The NHSBSA seeks information to prepare for a procurement that will commence in early to mid-2025. Businesses interested must respond by 6th January 2025 via the provided Atamis platform.

This tender presents a significant opportunity for companies specialising in pension fund management services and related administrative and consultancy services. Businesses with experience in benchmarking services, particularly those serving large public sector bodies, are well-suited to compete. The NHSBSA’s need for efficient and cost-effective benchmarking services can create substantial growth prospects for companies capable of delivering value and improving operational efficiencies for the NHS pension scheme, one of the largest centrally administered public service pension schemes in Europe.

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Notice Title

W164568 Pensions Benchmarking Service 2025

Notice Description

Request for information to identify pensions benchmarking services

Lot Information

Lot 1

The NHS Pensions Service is a department under the NHSBSA. Its role is to centrally administer the NHS Pension Scheme on behalf of the Department of Health. The NHS Pension Scheme currently has over 1.6 million actively contributing members, 700,000+ deferred members, and pays pension benefits to 960,000+ recipients every month. The service collects monthly contributions and pays out pension benefits totaling PS12.1 billion per year. The NHSBSA works with 10,000 different scheme employers who are responsible for local administration of the Scheme across England and Wales.

The NHS Pension Scheme has been a cornerstone of the NHS' reward package since its creation in 1948. In terms of membership, it is the largest centrally administered public service pension scheme in Europe.

For more information regarding the NHS Pensions department and the NHS Pension Scheme, please visit the following website: https://www.nhsbsa.nhs.uk/nhs-pensions.

The NHSBSA currently has a contract in place with CEM Benchmarking Inc. to provide a pension administration benchmarking service for a period of 12 months. This service will run from the 01 June 2024 to 31 May 2025. This service is used to benchmark the NHS pension scheme against other large public sector body pension schemes. This is to ensure value for money is being achieved by providing an understanding of the NHSBSA's operating costs and to improve its comparator score against other large public sector bodies.

The NHSBSA is looking to run an RFI to understand what services are available within the market as well as what routes to market are available for the service (e.g. frameworks). This is prepare the NHSBSA for an upcoming procurement in early to mid-2025.

About NHSBSA: The NHSBSA is a national organisation providing a broad range of business services that support the wider NHS.

Further information on our extensive service portfolio can be found at: https://www.nhsbsa.nhs.uk/about-us. Additional information: How to Participate
* Submissions must be via Atamis (https://atamis-1928.my.site.com/s/Welcome). Any questions can be submitted via the 'Message Centre'.
* Provide a response to each of the questions detailed in Appendix 1 (Questions).
* This should be in the format of concise written responses and any other information that you feel may be useful to us.
* We do not intend for this RFI exercise to be too onerous to respond to. Hence, the amount of information you wish to provide is left to your discretion.
* We may seek further clarification on your RFI response which will be communicated via the Atamis 'Message Centre'.
* The output from this RFI will be used to inform our future sourcing strategy.
* The deadline for responses is 6th January 2025.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04c05a
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/038267-2024
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

75 - Administration, defence and social security services


CPV Codes

66141000 - Pension fund management services

66500000 - Insurance and pension services

66520000 - Pension services

66521000 - Individual pension services

66522000 - Group pension services

75110000 - General public services

75112000 - Administrative services for business operations

75320000 - Government employee pension schemes

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Nov 20241 years ago
Submission Deadline
Not specified
Future Notice Date
27 Nov 2024Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
NHS BUSINESS SERVICES AUTHORITY
Contact Name
Angela McQueen
Contact Email
angela.mcqueen@nhsbsa.nhs.uk
Contact Phone
Not specified

Buyer Location

Locality
NEWCASTLE UPON TYNE
Postcode
NE15 8NY
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)

Local Authority
Newcastle upon Tyne
Electoral Ward
Lemington
Westminster Constituency
Newcastle upon Tyne Central and West

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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