---
title: "Professional Services Framework (Admin, Actuarial, and Consultancy) 2023"
ocid: "ocds-b5fd17-f7536d18-0d15-4e48-88f8-f69b4196c3ac"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-f7536d18-0d15-4e48-88f8-f69b4196c3ac"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-f7536d18-0d15-4e48-88f8-f69b4196c3ac.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-f7536d18-0d15-4e48-88f8-f69b4196c3ac.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "PENSION PROTECTION FUND"
published: "2023-12-27"
---

# Professional Services Framework (Admin, Actuarial, and Consultancy) 2023

Buyer: PENSION PROTECTION FUND  
Current stage: Award  
OCID: ocds-b5fd17-f7536d18-0d15-4e48-88f8-f69b4196c3ac

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## Summary

The Pension Protection Fund has awarded a contract for the "Professional Services Framework (Admin, Actuarial, and Consultancy) 2023". The procurement process involved specialist firms providing services in the insurance and pension sector. The tender, conducted as an open procedure, had a tender period ending on 26th July 2023 and a contract period lasting from 2nd December 2023 to 1st December 2025, with the potential for extensions. The award, valued at £50,000,000 GBP, was given to multiple suppliers within the industry category of services in London, United Kingdom.

This tender for professional services offers business growth opportunities for firms with expertise in administration, actuarial services, and pensions consultancy. Companies experienced in the insurance and pension industries, particularly those with specialist actuarial capabilities, are well-suited to compete for contracts under this framework agreement. The Procurement was carried out by the Pension Protection Fund, and the award has been granted to several large and small-to-medium-sized enterprises, creating potential for collaboration and growth within the industry sector.

## Notice

The Board of the Pension Protection Fund has procured a Framework Agreement consisting of specialist firms to provide administration, actuarial, support and consultancy services. Firms have been appointed to either one or both Lots, distinguished by the type of work required under the Framework Agreement. - Lot 1 - Administration, Actuarial, Support & Pensions Consultancy Services - Lot 2 - Actuarial Consultancy Services Lot 1 is primarily for services to the Board where both administration and actuarial services and/or pensions consultancy may be required at the same time. Lot 2 is aimed at firms with specialist actuarial capabilities who have experience in either the pensions or insurance industries (where long-term risk modelling is also considered). The Framework Agreement has an initial term of two years, with the option of two one-year extensions. NEST may also choose to contract for services via a call-off from the Framework. The final value of the framework across the maximum term may fall within a wide range as it has been set up to be available for future call-offs for requirements that we may not currently be aware of. Additional information: See notice tender_356523/1227681 for opportunity notice

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/c55ed260-1fab-4c5f-a0e6-fd710428aedd |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (above threshold) |
| Tender suitability | SME |
| Awardee scale | Large, SME |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 27 Dec 2023 |
| Submission deadline | 26 Jul 2023 |
| Future notice date | Not specified |
| Award date | 2 Dec 2023 |
| Contract period | 2 Dec 2023 - 1 Dec 2025 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £50,000,000 |
| 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 | PENSION PROTECTION FUND |
| Locality | CROYDON |
| Post town | Croydon |
| Postcode | CR0 2NA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI6 Outer London - South |
| ITL 3 | TLI62 Croydon |
| Local authority | Croydon |
| Electoral ward | Fairfield |
| Westminster constituency | Croydon West |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 14 |
| Supplier names | BARNETT WADDINGHAM; BROADSTONE PENSIONS; CAPITA PENSION SOLUTIONS; ERNST & YOUNG; FIRST ACTUARIAL; GOVERNMENT ACTUARY'S DEPARTMENT; GRANT THORNTON; HYMANS ROBERTSON; ISIO GROUP; KPMG; LANE CLARK AND PEACOCK; PRICEWATERHOUSECOOPERS; QUANTUM ACTUARIAL; SPENCE & PARTNERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66500000 - Insurance and pension services

## Release History

- 27 Dec 2023 at 09:21 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/c55ed260-1fab-4c5f-a0e6-fd710428aedd

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/c55ed260-1fab-4c5f-a0e6-fd710428aedd
  27th December 2023 - Awarded contract notice on Contracts Finder

## 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-f7536d18-0d15-4e48-88f8-f69b4196c3ac. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-f7536d18-0d15-4e48-88f8-f69b4196c3ac.json.