--- title: "W164568 Pensions Benchmarking Service 2025" ocid: "ocds-b5fd17-99c0c9e3-301e-43af-bda0-7cf3b5fd7d2a" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-99c0c9e3-301e-43af-bda0-7cf3b5fd7d2a" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-99c0c9e3-301e-43af-bda0-7cf3b5fd7d2a.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-99c0c9e3-301e-43af-bda0-7cf3b5fd7d2a.json" source: "Contracts Finder" current_stage: "Planning" buyer: "NHS BUSINESS SERVICES AUTHORITY" published: "2024-11-27" --- # W164568 Pensions Benchmarking Service 2025 Buyer: NHS BUSINESS SERVICES AUTHORITY Current stage: Planning OCID: ocds-b5fd17-99c0c9e3-301e-43af-bda0-7cf3b5fd7d2a [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-99c0c9e3-301e-43af-bda0-7cf3b5fd7d2a) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-99c0c9e3-301e-43af-bda0-7cf3b5fd7d2a.json) ## Summary The NHS Business Services Authority (NHSBSA) is planning to procure a Pensions Benchmarking Service for 2025 under the title "W164568 Pensions Benchmarking Service 2025". This falls under the industry category of group pension services and related administrative and management services. The procurement is currently in the planning stage with key engagement activities concluding on the 6th of January 2025. This initiative aims to gather information on available market services and procurement routes, preparing for the tender process expected in early to mid-2025. The service is intended for use across various locations including the United Kingdom, British Overseas Territories, Channel Islands, Europe, Isle of Man, and worldwide. This procurement process opens significant opportunities for businesses, particularly those specialising in pension fund management, individual pension services, and insurance and pension services. It is particularly suitable for SMEs and voluntary, community, and social enterprises (VCSEs). Companies experienced in providing benchmarking services would be well positioned to compete, as the NHSBSA aims to ensure value for money and operational efficiency within the NHS Pension Scheme. This tender can help businesses expand their portfolio, gain credibility by working with a major public sector organisation, and potentially secure long-term contracts with the NHSBSA. ## Notice The NHS Pensions Service is a department under the NHSBSA. Its role is to centrally administer the NHS Pension Scheme on behalf of the Department of Health. The NHS Pension Scheme currently has over 1.6 million actively contributing members, 700,000+ deferred members, and pays pension benefits to 960,000+ recipients every month. The service collects monthly contributions and pays out pension benefits totaling PS12.1 billion per year. The NHSBSA works with 10,000 different scheme employers who are responsible for local administration of the Scheme across England and Wales. The NHS Pension Scheme has been a cornerstone of the NHS' reward package since its creation in 1948. In terms of membership, it is the largest centrally administered public service pension scheme in Europe. For more information regarding the NHS Pensions department and the NHS Pension Scheme, please visit the following website: https://www.nhsbsa.nhs.uk/nhs-pensions. The NHSBSA currently has a contract in place with CEM Benchmarking Inc. to provide a pension administration benchmarking service for a period of 12 months. This service will run from the 01 June 2024 to 31 May 2025. This service is used to benchmark the NHS pension scheme against other large public sector body pension schemes. This is to ensure value for money is being achieved by providing an understanding of the NHSBSA's operating costs and to improve its comparator score against other large public sector bodies. The NHSBSA is looking to run an RFI to understand what services are available within the market as well as what routes to market are available for the service (e.g. frameworks). This is prepare the NHSBSA for an upcoming procurement in early to mid-2025. About NHSBSA: The NHSBSA is a national organisation providing a broad range of business services that support the wider NHS. Further information on our extensive service portfolio can be found at: https://www.nhsbsa.nhs.uk/about-us. Further information related to the early market engagement activities and how to participate can be found in the Additional Information section of the Find a Tender Service Notice, which can be found here: https://www.find-tender.service.gov.uk/Notice/038267-2024 ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/7c70e00e-01fd-4d60-9eca-5e0ff5771fe9 | | Notice type | Market Engagement Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | SME, VCSE | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 27 Nov 2024 | | Submission deadline | Not specified | | Future notice date | 6 Jan 2025 | | 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 | NHS BUSINESS SERVICES AUTHORITY | | Locality | NEWCASTLE UPON TYNE | | Post town | Newcastle upon Tyne | | Postcode | NE15 8NY | | Country | England | | ITL 1 | TLC North East (England) | | ITL 2 | TLC4 Northumberland, Durham and Tyne & Wear | | ITL 3 | TLC43 Tyneside | | Local authority | Newcastle upon Tyne | | Electoral ward | Lemington | | Westminster constituency | Newcastle upon Tyne Central and West | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services - 75 - Administration, defence and social security services ### Codes - 66141000 - Pension fund management services - 66500000 - Insurance and pension services - 66520000 - Pension services - 66521000 - Individual pension services - 66522000 - Group pension services - 75110000 - General public services - 75112000 - Administrative services for business operations - 75320000 - Government employee pension schemes ## Release History - 27 Nov 2024 at 11:25 - Planning - Market Engagement Notice - https://www.contractsfinder.service.gov.uk/Notice/7c70e00e-01fd-4d60-9eca-5e0ff5771fe9 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/7c70e00e-01fd-4d60-9eca-5e0ff5771fe9 27th November 2024 - Early engagement notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/a9abc29c-c430-4265-a108-407318fedee3 W164568 Pensions Benchmarking Service 2025 RFI 2 ## Notice URLs - https://www.find-tender.service.gov.uk/Notice/038267-2024 - https://www.nhsbsa.nhs.uk/about-us - https://www.nhsbsa.nhs.uk/nhs-pensions ## 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-b5fd17-99c0c9e3-301e-43af-bda0-7cf3b5fd7d2a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-99c0c9e3-301e-43af-bda0-7cf3b5fd7d2a.json.