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GMC2199 Actuarial and administration services, investment services and employee advice

General Medical Council (GMC)

This public procurement record has 4 releases in its history.

Award

06 Jan 2026 at 13:58

UK7 - Contract Details Notice
Award

14 Nov 2025 at 21:13

UK6 - Contract Award Notice
Tender

02 Sep 2025 at 16:09

UK4 - Tender Notice
Planning

20 Aug 2025 at 14:15

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The General Medical Council (GMC) has recently completed the procurement process for the re-tendering of actuarial and administration services, as well as investment and employer advice services for its staff superannuation scheme. Based in Manchester, the GMC embarked on this open procurement procedure under the legal framework of UK legislation 2023/54, with the intent of ensuring high-quality service and value for money for its members. The procurement process involved multiple lots, and the award ceremony was finalised on 6th January 2026, after the contracts were successfully signed on 19th December 2025. Key contracts lasting until December 2030, with potential extensions, were awarded to suppliers like AON Solutions UK Limited and XPS Group PLC. The industry category is primarily focused on insurance and pension services, spanning across the United Kingdom.

This procurement presents significant opportunities for businesses within the insurance, pension, actuarial, and financial advisory sectors. The awarded contracts, which include options for renewal, signify substantial business potential and long-term collaboration with the GMC. Large-scale enterprises with solid experience in pension administration, insurance services, and investment strategies stand well-poised to leverage these opportunities. With a strong emphasis on quality and commercial viability, these tenders provide platforms for businesses seeking to expand or refine their service offerings in the public sector. The collaborative and comprehensive nature of the engagement with the GMC also allows for the possibility of future partnerships and enhancements in service capabilities.

How relevant is this notice?

Notice Information

Notice Title

GMC2199 Actuarial and administration services, investment services and employee advice

Notice Description

The Trustees of the GMC Staff Superannuation Scheme are undertaking a re-tendering exercise of its services to ensure that it continues to receive a high-quality service and value for money on behalf of the Employer and Scheme membership. Accordingly, the Trustees are re-tendering services for the provision of: * Actuarial services * Administrative service * Investment advice service * Employer advice service (the GMC/Employer is tendering for these services, not the Pension Trustees

Lot Information

Lot 1 - Actuarial services for the GMC Staff Superannuation Scheme

to provide Actuarial services for the GMC Staff Superannuation Scheme

Renewal: option to extend by two periods of twenty-four (24) months

Lot 2 - Administration services for the GMC Staff Superannuation Scheme

to provide Administration services for the GMC Staff Superannuation Scheme

Renewal: option to extend by two periods of twenty-four (24) months

Lot 3 - Investment advice services for the GMC Staff Superannuation Scheme

to provide Investment advice services for the GMC Staff Superannuation Scheme

Renewal: option to extend by two periods of twenty-four (24) months

Lot 4 - Employer advice provision for the GMC (contract with Employer not the Trustees)

to provide Employer advice provision for the GMC (contract with Employer not the Trustees)

Renewal: option to extend by two periods of twenty-four (24) months

Planning Information

Had conversations with two suppliers to discuss areas related to pension fund performance under the fiduciary management model and ongoing investment strategy. This was to assist with the funding position of the Scheme, investment performance and future options for inclusion in Trustees investment strategy and alternative investment approaches. we also had conversations with two suppliers to discuss the on-going requirements regarding the actuarial and administration provision for the Scheme.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-058b69
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/000688-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66100000 - Banking and investment services

66131100 - Pension investment services

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£9,225,000 £1M-£10M
Lots Value
£9,225,000 £1M-£10M
Awards Value
£9,225,000 £1M-£10M
Contracts Value
£9,225,000 £1M-£10M

Notice Dates

Publication Date
6 Jan 20267 months ago
Submission Deadline
30 Sep 2025Expired
Future Notice Date
29 Aug 2025Expired
Award Date
14 Nov 20259 months ago
Contract Period
20 Dec 2025 - 4 Dec 2030 4-5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
General Medical Council (GMC)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MANCHESTER
Postcode
M3 3AW
Postcode Area
Manchester
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD33 Manchester
Delivery Location
Not specified
Local Authority
Manchester
Electoral Ward
Deansgate
Westminster Constituency
Manchester Central

Supplier Information

Number of Suppliers
2
Supplier Names

AON Solutions UK Limited

XPS Group PLC

Further Information

Notice Documents

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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