Published date: 2 December 2024

Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.


Closing: 17 December 2024, 5pm

Contract summary

Industry

  • Pension fund management services - 66141000

  • Pension services - 66520000

Location of contract

SW1A 2AH

Value of contract

£860,000

Procurement reference

tender_446728/1428876

Published date

2 December 2024

Closing date

17 December 2024

Closing time

5pm

Contract start date

1 August 2025

Contract end date

31 July 2029

Contract type

Service contract

Procedure type

Open procedure (above threshold)

Any interested supplier may submit a tender in response to an opportunity notice.

This procedure can be used for procurements above the relevant contract value threshold.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

No

Description

The FCDO also has responsibility for the payment of a pension related to overseas service agreements. There are currently approximately 678 monthly and 189 quarterly paid pensioners in receipt of this pension. This is a closed pension scheme, and the average age is around 91 years. The pensioner population is declining each year with a limited number of eligible widows. This is a bespoke pension scheme; and a working knowledge of the Gibraltar Pension Ordinances is essential. The administration of this pension scheme will require the supplier to engage with the Government of Gibraltar and maintain a strong working relationship to facilitate the sharing of critical information.

About the buyer

Address

Foreign Commonwealth and Development Office King Charles Street
London
SW1A 2AH
England

Email

CPG.Enquiries@fcdo.gov.uk