Published date: 3 April 2023
Closed early engagement
Contract summary
Industry
Pension fund administration services - 66523100
Location of contract
Any region
Procurement reference
tender_360867/1194831
Published date
3 April 2023
Closing date
19 May 2023
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
These services are currently outsourced, and the department is considering options for future administration, and wishes to engage with the market to inform its decision on the nature and extent of any future outsourcing.
The JPS provides benefits to the majority of judges in the United Kingdom and consists of a number of legacy schemes and one open pension scheme. Most of the serving judiciary are now members of the JPS 2022, which is a career average revalued earnings scheme that came into effect in April 2022 for the accrual of benefits after this date. All the schemes are defined benefit schemes, some of which are, for tax purposes, unregistered schemes. The schemes provide contingent dependants' benefits as well as ill health and death benefits. The scheme membership as at 31 March 2022 prior to the introduction of JPS 2022 (when members moved to the new scheme) was:
JUPRA schemes (salaried)
Active: 18 Active Salary Link: 1,162 Deferred: 42 Pensioners: 2,290 Total: 4,012
JPS 2015 (salaried and fee-paid)
Active: 1 Active Salary Link : 5,053 Deferred : 149 Pensioners : 68 Total : 5,271
Fee-Paid Judicial Pension Scheme 2017
Active : 10 Active Salary Link: 3,721 Deferred : 268 Pensioners : 1,939 Total : 5,938
The schemes are complex with high levels of member engagement and are an important element in the recruitment and retention of judges. The department's aim is to have an administration service that provides:
- an accurate, professional and timely service that meets customers' needs, including timely and accurate responses to member queries
- performance management arrangements that drive the right behaviour to deliver customers' needs
- effective and efficient data interfaces, especially with the payroll providers to ensure data between systems links together to create a consistent service for members
- up-to-date integrated technology, with high volumes of automation
- continuous improvement and innovation
- bulk activity routinely delivered via a member portal
- an automated service that reduces costs in the long-term
The department is currently addressing the impact on the schemes of various litigation cases, in particular McCloud, O'Brien 2 and Miller, but expects that delivery of the remedies in respect of these cases will have concluded before the commencement of any future contract
More information
Additional text
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In order to support a potential tender process for the above services, the Ministry of Justice is planning to hold a Market Engagement Event.
The Event is planned to be held in May 2023 (however, this may be subject to change) with the aim of bringing together and engaging with potential providers of the service.
Potential providers interested in the Market Engagement Event should register on the Ministry of Justice eSourcing Portal, https://ministryofjusticecommercial.bravosolution.co.uk where they will be able to access further information about the market engagement event(s).
About the buyer
Address
5 Wellington Place
Leeds
LS1 4AP
England
ccmdfinancialservices@justice.gov.uk
Website
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Closing date: 19 May 2023
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