---
title: "Teachers' Pension Scheme Administration Service"
ocid: "ocds-b5fd17-7701257a-46b6-4d3d-a2d6-97c04c01871f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-7701257a-46b6-4d3d-a2d6-97c04c01871f"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-7701257a-46b6-4d3d-a2d6-97c04c01871f.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-7701257a-46b6-4d3d-a2d6-97c04c01871f.json"
source: "Contracts Finder"
current_stage: "Planning"
buyer: "DEPARTMENT FOR EDUCATION"
published: "2018-04-25"
---

# Teachers' Pension Scheme Administration Service

Buyer: DEPARTMENT FOR EDUCATION  
Current stage: Planning  
OCID: ocds-b5fd17-7701257a-46b6-4d3d-a2d6-97c04c01871f

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## Summary

The Department for Education is currently in the planning stage for the procurement of the "Teachers' Pension Scheme Administration Service." This service will involve the collection of pension contributions and payment of retirement pensions and lump sums for the second largest public sector pension scheme in England and Wales, which serves over 1.9 million members. This procurement is classified under the industry category of "Pension fund administration services" and aims to engage a provider by the milestone date of 31 July 2018.

This tender presents substantial opportunities for businesses, particularly those specialising in financial services, pension administration, and large-scale transactional processing. Entities with the capacity to manage high-volume services involving complex regulatory compliance and customer engagement would be well-suited to compete for this contract. Given the significant financial scale of the Teachers' Pension Scheme, potential providers should be prepared to handle annual contributions totalling £6 billion while also managing payouts reaching £9.5 billion.

## Notice

See 'Attachments' for full description. This service provides for the collection of all pension contributions from currently employed teachers within England and Wales and payment of retirement pensions and lump sums. The TPS is the second largest public sector pension scheme in England and Wales, with over 1.9m members. The TPS is a high volume transactional service that collects contributions that total PS6bn, whilst also paying out pensions and lump sums that total PS9.5bn annually. Contributions are collected from member employers and these number approximately 9,500. Member employers pay scheme contributions equivalent to 16.4% of the member's pensionable salary, plus an additional 0.08% to meet the costs of scheme administration. The TPS is regulated in line with pension Regulations and subject to regular external scrutiny from the National Audit Office.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/061468ee-7ecb-4de8-b12f-8679d7f639a8 |
| Notice type | Market Engagement Notice |
| Procurement type | Standard |
| Procurement category | Not specified |
| Procurement method | Not Specified |
| Procurement method details | Not specified |
| Tender suitability | Not specified |
| Awardee scale | Not specified |
| All stages | Planning |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 25 Apr 2018 |
| Submission deadline | Not specified |
| Future notice date | 31 Jul 2018 |
| Award date | Not specified |
| Contract period | Not specified |
| 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 | Planning |
| Lots status | Not specified |
| Awards status | Not specified |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | DEPARTMENT FOR EDUCATION |
| Locality | DARLINGTON |
| Post town | Darlington |
| Postcode | DL1 5QE |
| Country | England |
| ITL 1 | TLC North East (England) |
| ITL 2 | TLC3 Tees Valley |
| ITL 3 | TLC33 Darlington |
| Local authority | Darlington |
| Electoral ward | Park East |
| Westminster constituency | Darlington |
| Delivery location | Not specified |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66523100 - Pension fund administration services

## Release History

- 25 Apr 2018 at 14:12 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/061468ee-7ecb-4de8-b12f-8679d7f639a8
- 13 Oct 2017 at 16:21 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/061468ee-7ecb-4de8-b12f-8679d7f639a8

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/061468ee-7ecb-4de8-b12f-8679d7f639a8
  25th April 2018 - Early engagement notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/ddac6e18-c477-456e-8061-7e26689572c1
  Full description

## 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-b5fd17-7701257a-46b6-4d3d-a2d6-97c04c01871f. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-7701257a-46b6-4d3d-a2d6-97c04c01871f.json.