--- title: "Teachers Pension Scheme Procurement" ocid: "ocds-b5fd17-71bfb601-9e5b-41a0-a01b-59015f6723d9" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-71bfb601-9e5b-41a0-a01b-59015f6723d9" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-71bfb601-9e5b-41a0-a01b-59015f6723d9.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-71bfb601-9e5b-41a0-a01b-59015f6723d9.json" source: "Contracts Finder" current_stage: "Tender" buyer: "DEPARTMENT FOR EDUCATION" published: "2021-08-23" --- # Teachers Pension Scheme Procurement Buyer: DEPARTMENT FOR EDUCATION Current stage: Tender OCID: ocds-b5fd17-71bfb601-9e5b-41a0-a01b-59015f6723d9 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-71bfb601-9e5b-41a0-a01b-59015f6723d9) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-71bfb601-9e5b-41a0-a01b-59015f6723d9.json) ## Summary The Department for Education is currently facilitating the procurement for the "Teachers Pension Scheme Procurement," which aims to administer the Teachers' Pension Scheme (TPS) in accordance with statutory regulations. This process falls under the services category, specifically targeting roles in financial and pension services, and is set in London, England. As of now, the procurement is in the Tender stage, with a deadline for tender submissions on 20th September 2021. The expected contract period will commence on 30th June 2023 and extend until 28th September 2035. The procurement method employed is selective, utilising a competitive dialogue approach. This tender presents significant opportunities for businesses engaged in financial services, software development, and pension administration. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSE) are particularly encouraged to compete, as the procurement process is designed to be accessible and flexible. Companies that can demonstrate robust capabilities in administering pension services, along with proficiency in regulatory compliance and digital service delivery, will be well-positioned to benefit from this contract, which aims to enhance the TPS's attractiveness to teachers and support workforce retention. ## Notice The key requirement is to administer the Teachers' Pension Scheme (TPS) in accordance with the statutory regulations that govern the scheme. Those regulations are currently the Teachers' Pensions Regulations 2010 and the Teachers' Pension Scheme Regulations 2014 'the Regulations' as amended. The administrator will be required to work with the Department to ensure the regulations remain up to date and appropriate and will need to adapt the administration to ensure it remains compliant with and supportive of any changes introduced via regulatory change or case law; such as the McCloud/Sargeant judgment in respect of 2015 transitional arrangements. Administration of the Scheme must also comply with all other legislative requirements that have applied, apply, or will apply to the TPS. It is essential therefore that the contractor is proactive in monitoring, analysing, and adapting to new legislative requirements, ensuring the Scheme continues to adapt appropriately. The vision for the TPS is 'to ensure that the TPS offers an attractive, clear and cost-effective contribution to the total reward package for teachers, and thus, that it plays a full part in recruiting and retaining an excellent teaching workforce.' To support the DfE the TPS administration will be accepted as the best administered UK public service pension scheme. Providing an effective, fully digital, personalised service to our members with our partners at the centre of the administration design The TPS is a statutory, unfunded, defined benefit occupational pension scheme split into three distinct sections: - the Normal Pension Age (NPA) 60 section - the NPA 65 section (note: both these sections provide benefits based on final salary and length of service) - the 2015 section provides benefits based on career average earnings (CARE) and has a normal pension age equal to state pension age. The department believe it is vitally important to make the procurement process as attractive and easy for Teacher Pensions Administrators and indeed for other, non-pension Providers, to engage with. Our view is that the procurement should be flexible enough to allow the 'market' to organise itself and bid for those aspects of the service it feels it can deliver optimally via either a Consortia, Prime, etc. Additional information: The Department reserves the right not to enter into a formal procurement process and not award contract(s). The Authority will not be liable for any tender cost, expenditure, work or effort incurred by a candidate/tenderer in acting on the basis of this Notice. The procurement will be ran through the department's E-tendering portal. For Registration and access to the tender documents please follow the link below All information included in this notice is indicative and subject to change, ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/a4f2f98e-4ac5-40aa-b004-790c3def5158 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Selective | | Procurement method details | Competitive dialogue (above threshold) | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 23 Aug 2021 | | Submission deadline | 20 Sep 2021 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 29 Jun 2023 - 28 Sep 2035 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | Not specified | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | 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 | ## CPV Codes ### Divisions - 48 - Software package and information systems - 66 - Financial and insurance services - 72 - IT services: consulting, software development, Internet and support - 75 - Administration, defence and social security services - 79 - Business services: law, marketing, consulting, recruitment, printing and security ### Codes - 48000000 - Software package and information systems - 48812000 - Financial information systems - 66000000 - Financial and insurance services - 66520000 - Pension services - 66523100 - Pension fund administration services - 72000000 - IT services: consulting, software development, Internet and support - 72212440 - Financial analysis and accounting software development services - 75100000 - Administration services - 79000000 - Business services: law, marketing, consulting, recruitment, printing and security - 79200000 - Accounting, auditing and fiscal services - 79500000 - Office-support services - 79512000 - Call centre - 79571000 - Mailing services ## Release History - 23 Aug 2021 at 14:36 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/a4f2f98e-4ac5-40aa-b004-790c3def5158 - 23 Aug 2021 at 14:35 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/a4f2f98e-4ac5-40aa-b004-790c3def5158 - 23 Aug 2021 at 14:34 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/a4f2f98e-4ac5-40aa-b004-790c3def5158 - 23 Aug 2021 at 14:30 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/a4f2f98e-4ac5-40aa-b004-790c3def5158 - 23 Aug 2021 at 12:56 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/a4f2f98e-4ac5-40aa-b004-790c3def5158 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/a4f2f98e-4ac5-40aa-b004-790c3def5158 23rd August 2021 - Opportunity notice on Contracts Finder - http://education.app.jaggaer.com DfE's E-Tendering Portal Jaggaer ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. 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