---
title: "Professional Services Framework (Admin, Actuarial, and Consultancy) 2023"
ocid: "ocds-h6vhtk-03db9f"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-03db9f"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-03db9f.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-03db9f.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "THE BOARD OF THE PENSION PROTECTION FUND"
published: "2023-12-21"
---

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

Buyer: THE BOARD OF THE PENSION PROTECTION FUND  
Current stage: Award  
OCID: ocds-h6vhtk-03db9f

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## Summary

The Board of the Pension Protection Fund has recently completed the procurement process for a Professional Services Framework (Admin, Actuarial, and Consultancy) 2023. This framework agreement consists of specialist firms providing administration, actuarial, support, and consultancy services in the insurance and pension services industry category. The procurement stage is completed, and the initial term of the framework agreement is two years, with the option of two one-year extensions, starting from 2 December 2023. Suppliers have been appointed for Lot 1 and Lot 2, with specific criteria and rates detailed for each lot.

This tender presents an opportunity for businesses offering actuarial and consultancy services to compete for contracts with The Board of the Pension Protection Fund. Suitable businesses would have experience in the pensions or insurance industries, particularly in long-term risk modelling. The framework agreement provides potential growth opportunities for a range of firms, including both large and small-medium enterprises, as suppliers have been selected from various scales to fulfil the requirements of the framework.

## Notice

The Board of the Pension Protection Fund (the Board) has procured a Framework Agreement consisting of specialist firms to provide administration, actuarial, support and consultancy services. Firms have been appointed to either Lot 1 or Lot 2, 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 Agreements have an initial term of two years, with the option of two one-year extensions, commencing 2 December 2023. The National Employment Savings Trust (NEST) may also choose to contract for services via a call-off from this Framework. The final value of the framework across the maximum term (four years) may fall within a wide range as it has been set up to be available for future call-offs for in scope requirements that we may not currently be aware of.

### Lot Information

Lot 1 - Administration, Actuarial, Support & Pensions 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.

Renewal: The Framework Agreement will be awarded for an initial period of two (2) years, the Framework Agreement may be extended on the same terms and conditions at the Board's option for a further period or periods not exceeding four (4) years in total.

Lot 2 - Actuarial Consultancy Services

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).

Renewal: The Framework Agreement will be awarded for an initial period of two (2) years, the Framework Agreement may be extended on the same terms and conditions at the Board's option for a further period or periods not exceeding four (4) years in total.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/037609-2023 |
| Notice type | Tender Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large, SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Dec 2023 |
| Submission deadline | 26 Jul 2023 |
| Future notice date | Not specified |
| Award date | 15 Nov 2023 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £50,000,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £50,000,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | THE BOARD OF THE 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 | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 14 |
| Supplier names | BARNETT WADDINGHAM; BROADSTONE PENSIONS; CAPITA BUSINESS SERVICES; 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
- 66519600 - Actuarial services

## Release History

- 21 Dec 2023 at 09:36 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/037609-2023
- 22 Jun 2023 at 11:25 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/017780-2023

## Notice URLs

- https://ppf.bravosolution.co.uk/web/login.html
- https://www.ppf.co.uk/

## Provenance

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