Published date: 19 February 2025

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 4 November 2024, 1pm

Contract summary

Industry

  • Pension services - 66520000

Location of contract

London

Value of contract

£43,200,000

Procurement reference

tender_463481/1452900

Published date

19 February 2025

Closing date

4 November 2024

Closing time

1pm

Contract start date

1 April 2025

Contract end date

31 March 2027

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 Board of the Pension Protection Fund has established a new Framework of specialist firms to provide trustee and pre-insolvency services to pension schemes prior to, and during, the PPF Assessment Period.

The contract will be for an initial term of two years with two optional one-year extensions to take the maximum possible term to four years (2+1+1).

The estimate value of call-off contracts awarded via this framework's full potential four-year term is £36,000,000 + VAT (£43,200,000 inc. VAT).

More information

Previous notice about this procurement

Trustee Services Panel

  • Opportunity
  • Published 30 September 2024

Award information

Awarded date

14 February 2025

Contract start date

1 April 2025

Contract end date

31 March 2027

Total value of contract

£43,200,000

This contract was awarded to 4 suppliers.

Dalriada Trustees Limited

Address

Linen Loft, 27-37 Adelaide Street, Belfast BT2 8FE

Reference

Companies House number: NI038344

Supplier is SME?

No

Supplier is VCSE?

No

Ross Trustees Services Limited

Address

Westgate House, 9 Holborn, London, EC1N 2LL

Reference

Companies House number: 07904277

Supplier is SME?

No

Supplier is VCSE?

No

Open Trustees Limited

Address

5th Floor, Halo, Counterslip, Bristol BS1 6AJ

Reference

Companies House number: 02679647

Supplier is SME?

No

Supplier is VCSE?

No

Vidett Trustee Services Limited

Address

3rd Floor Forbury Works, 37-43 Blagrave Street, Reading, RG1 1PZ

Reference

Companies House number: 01050578

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Address

Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
England

Email

commercialservices@ppf.co.uk