Planning

Pension Administration Service

BANK OF ENGLAND

This public procurement record has 1 release in its history.

Planning

04 Mar 2026 at 14:54

UK2 - Preliminary Market Engagement Notice
Summary of the contracting process

The Bank of England is currently in the planning stage of procuring a Pension Administration Service, scheduled for a Request for Information (RFI) on 4 March 2026 with responses due by 23 March 2026 at noon. This initiative falls under the industry category of pension fund management and administration services, with anticipation of a tender being issued in April 2026, leading to a contract commencement in March 2027. Interested parties must register on the Bank's e-procurement portal, Proactis, and are invited to an online engagement session on 19 March 2026. The location associated with this procurement is London, United Kingdom, where the Bank is headquartered.

This preliminary market engagement offers unique opportunities for businesses specialising in high-quality defined benefit pensions administration and pension payroll services. Companies with a strong background in pension fund management and administration are particularly well-suited to engage with this opportunity, which seeks innovative solutions and legislative compliance assurance. The Bank of England is aiming for a competitive proposal that guarantees cost certainty while facilitating a seamless transition by the deadline in March 2027. This serves as a significant opportunity for businesses to contribute to the pension services of a central institution, expanding their footprint within the public sector.

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Notice Information

Notice Title

Pension Administration Service

Notice Description

THIS IS NOT A CALL FOR COMPETITION The Bank of England is commissioning a Pension Administration Service. It is anticipated, dependent upon an engagement exercise, that a tender for this service will be issued in April 2026, to enable a new contract to begin from March 2027. As part of the tender process, the Bank is undertaking a soft market testing exercise. This gives potential providers and other stakeholders the opportunity to express their interest and feed in their views on the potential service model and specification principles. The Bank will use the information to appraise options and further develop the specification. To express an interest, register for free on the Bank's e-procurement portal Proactis: https://supplierlive.proactisp2p.com/Account/Login Upon registration, the Request For Information Questionnaire can be found under the following project: RFX REQ/1000380 - Pension Administration Service 2026 - Preliminary Market Engagement. Suppliers are further invited to attend an online supplier engagement session on 19 March 2026 at 11am. Interested parties are to register their interest at Corporate.Contracts@bankofengland.co.uk by 12 noon on 13 March 2026 with a subject line: Pension Administration Service 2026 - UK2: Preliminary Market Engagement. Note This process does not constitute a formal tender or other competitive bidding process and will not result in the letting of a Contract. The Bank is using this process solely to test the market to gather information and ascertain the level of interest in this particular service. There are therefore no formal criteria which we will use to judge your responses, and it is not our intention to provide any feedback. About the service The Bank of England (the Bank) is the central bank of the United Kingdom. Its mission is to promote the good of the people of the United Kingdom by maintaining monetary and financial stability. Your company is invited to take part in the Preliminary Market Engagement for the provision of high-quality Defined Benefit pensions administration and pension payroll services for the Bank of England Pension Fund (the Fund). The Bank is looking to appoint a provider by March 2027 who has the capability and capacity to achieve a successful transfer of the services by the deadline date. The Bank is seeking a commercially competitive proposal which provides certainty of cost whilst demonstrating legislative compliance and innovative administration and payroll solutions. The Bank is therefore seeking expressions of interest for this significant pension administration services opportunity.

Planning Information

A Request for Information ( RFI) questionnaire to be issued 04 March 2026 with a response window to close 23 March 2026 at 12 noon. To express an interest, register for free on the Bank's e-procurement portal Proactis: https://supplierlive.proactisp2p.com/Account/Login Upon registration, the Request For Information Questionnaire can be found under the following project: RFX REQ/1000380 - Pension Administration Service 2026 - Preliminary Market Engagement. Suppliers are further invited to attend an online supplier engagement session on 19 March 2026 at 11am. Interested parties are to register their interest at Corporate.Contracts@bankofengland.co.uk by 12 noon 13 March 2026. Following the supplier engagement session, the Bank may engage in a series of dialogues either one to one meetings or further group sessions with suppliers. Key information from these sessions will be made available to all bidders during the tender stage.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-066245
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/019557-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK2 - Preliminary Market Engagement 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

CPV Codes

66141000 - Pension fund management services

66523100 - Pension fund administration services

Notice Value(s)

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

Notice Dates

Publication Date
4 Mar 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
23 Mar 20262 weeks to go
Award Date
Not specified
Contract Period
22 Mar 2027 - 21 Mar 2038 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planning
Lots Status
Planning
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BANK OF ENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

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

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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