Notice Information
Notice Title
International Payments Service
Notice Description
We plan to conduct a procurement process in the Spring of 2025 for our international payment service, following an early market engagement exercise. Most of our members are based in the UK, however some reside overseas. We require an international payment service to pay monthly member benefits to these members or their beneficiaries. This PIN is intended to alert potential suppliers of the opportunity and direct them to a short RFI Questionnaire as part of our early market engagement.
Lot Information
Lot 1
We currently pay over 300,000 members and make payments of over PS70m per month. Approximately 4,000 of these members reside overseas in over 50 different countries. We therefore have a requirement to pay overseas bank accounts either in GBP or national currency. We currently use an external payment provider to facilitate these payments, working alongside our payroll team and systems. Given many of these pensioners rely on their PPF compensation for their income, it is imperative that our overseas solution is reliable, robust, and provides value for money. We administer the member payments and records, so would not expect an overseas payroll provider to have direct contact with members, only our internal team. In order to complete the RFI Questionnaire and express interest in this procurement please register on PPF's eSourcing Portal Jaggaer at https://ppf.bravosolution.co.uk/ and complete and upload the short questionnaire listed as PQQ 52 (the RFI Questionnaire is titled "PPF Request for Information - International Payments Service"). The RFI Questionnaire response deadline is 1pm on 7 February 2025.
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-04ce89
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/000643-2025
- 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
79 - Business services: law, marketing, consulting, recruitment, printing and security
-
- CPV Codes
66110000 - Banking services
66115000 - International payment transfer services
79211110 - Payroll management services
Notice Value(s)
- Tender Value
- Not specified
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- Not specified
Notice Dates
- Publication Date
- 9 Jan 20251 years ago
- Submission Deadline
- Not specified
- Future Notice Date
- 3 Mar 2025Expired
- 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
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- 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
Further Information
Notice URLs
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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