Award

Pension Services

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Award

27 Jan 2026 at 12:46

Summary of the contracting process

The public procurement process facilitated by the Bank of England, a central government authority located in London, involved the direct procurement of pension services. The tender titled "Pension Services" was completed without competition, as it fell below the threshold for competitive bidding. The services will be provided by XPS Pensions Consulting Limited, a large-scale supplier located in Reading. The contract was signed on 1st November 2025, with the service period extending from 1st December 2025 to 30th November 2028. This procurement stage has moved through tendering to award and contract, with all stages signified as complete. The contract's total value stands at £74,232 gross (£61,860 net) in British Pounds.

This procurement offers substantial business growth opportunities, particularly for companies experienced in delivering financial and pension-related services within the UK market. Businesses similar to XPS Pensions Consulting Limited, particularly large-scale enterprises with expertise in pension services, would be well-positioned to compete for similar contracts. Such contracts not only provide financial benefit but also bolster a company's portfolio by listing a collaboration with esteemed institutions like the Bank of England. The provision of pension services to central government entities offers a stable contractual relationship over multiple years, supporting both business expansion and reputation within the public sector.

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Notice Title

Pension Services

Notice Description

Providing Pension Services

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-060fa3
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007079-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£61,860 Under £100K

Notice Dates

Publication Date
27 Jan 20263 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
1 Nov 20253 months ago
Contract Period
1 Dec 2025 - 30 Nov 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Not specified
Contact Email
askprocurement@bankofengland.co.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
EC2R 8AH
Post Town
Central 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
City of London
Electoral Ward
Walbrook
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

XPS PENSIONS CONSULTING

Further Information

Notice Documents

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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