Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
- Published
- 21 December 2023
- Estimated value
- £700,000,000
- Place of performance
- UK
- Procedure
- Open procedure
- Notice number
- 037609-2023
- Reference
- ocds-h6vhtk-03db9f
- Official source
- Official source
CPV codes
- 66519600Actuarial services
Description
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 …
Lots (2)
| Lot | Description | CPV code | Amount |
|---|---|---|---|
| 1 | Lot 1 - Administration, Actuarial, Support & Pensions Consultancy Services | 66519600 Actuarial services | — |
| 2 | Lot 2 - Actuarial Consultancy Services | 66519600 Actuarial services | — |
Awards
| Awarded to | Amount | Date |
|---|---|---|
| First Actuarial LLP | — | — |
| Ernst & Young LLP | — | — |
| Grant Thornton UK LLP | — | — |
| Hymans Robertson LLP | — | — |
| PricewaterhouseCoopers LLP | — | — |
| Barnett Waddingham LLP | — | — |
| Capita Business Services Ltd | — | — |
| Isio Group Limited | — | — |
| Lane Clark and Peacock LLP | — | — |
| Quantum Actuarial LLP | — | — |
Official publications
- FTS · 037609-2023 · 21 December 2023
Other tenders from The Board of the Pension Protection Fund
Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £700,000,000.
- Who is the buyer of this tender?
- The contracting authority is The Board of the Pension Protection Fund (United Kingdom).
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