---
title: "Pension Administration Services: Teachers' Pension Scheme (TPS)"
ocid: "ocds-b5fd17-07251983-8386-4285-9964-f0391e7acb12"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-07251983-8386-4285-9964-f0391e7acb12"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-07251983-8386-4285-9964-f0391e7acb12.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-07251983-8386-4285-9964-f0391e7acb12.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DEPARTMENT FOR EDUCATION"
published: "2023-06-23"
---

# Pension Administration Services: Teachers' Pension Scheme (TPS)

Buyer: DEPARTMENT FOR EDUCATION  
Current stage: Award  
OCID: ocds-b5fd17-07251983-8386-4285-9964-f0391e7acb12

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## Summary

The Department for Education has awarded a contract for Pension Administration Services for the Teachers' Pension Scheme to Tata Consultancy Services Limited. The contract value is £233,866,286.34 GBP. The procurement method used was selective, employing a Competitive dialogue (above threshold) approach. The tender period ended on 18th August 2023, and the contract will be effective from 1st October 2023 to 30th September 2035. The buying organisation is located in London, England, and falls under the services procurement category.

This contract provides growth opportunities for businesses with expertise in pension fund administration services. Small and medium enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are particularly suited to compete for this contract. Businesses in the UK and overseas territories, including the Channel Islands and Europe, may find this opportunity beneficial. The contract aims to ensure the ongoing successful delivery of the Teachers' Pension Scheme, creating a stable and substantial market for service providers.

## Notice

The purpose of this Notice is to Notify of the outcome of the procurement for the provision of a new administration service to ensure the successful continuation of delivery of the Teachers' Pension Scheme. Additional information: The Value of the Contract Excluding the optional up to 5 years extension is: PS173,951,390.15.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/67661fae-dd35-456d-877f-839c637fc1b8 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Competitive dialogue (above threshold) |
| Tender suitability | SME, VCSE |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 23 Jun 2023 |
| Submission deadline | 18 Aug 2023 |
| Future notice date | Not specified |
| Award date | 27 May 2023 |
| Contract period | 30 Sep 2023 - 30 Sep 2035 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £233,866,286 |
| Lots value | Not specified |
| Awards value | £233,866,286 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEPARTMENT FOR EDUCATION |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1P 3BT |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | St James's |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | TATA CONSULTANCY SERVICES |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66523100 - Pension fund administration services

## Release History

- 23 Jun 2023 at 12:42 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/67661fae-dd35-456d-877f-839c637fc1b8

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/67661fae-dd35-456d-877f-839c637fc1b8
  23rd June 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/ca8e40a7-9dd2-49f7-ad0a-0544983e4dc3
  n/a
- https://www.contractsfinder.service.gov.uk/Notice/a4f2f98e-4ac5-40aa-b004-790c3def5158
  Opportunity Notice

## Notice URLs

- https://www.gov.uk/government/organisations/department-for-education

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-07251983-8386-4285-9964-f0391e7acb12. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-07251983-8386-4285-9964-f0391e7acb12.json.