Published date: 27 December 2023

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


Closing: 26 July 2023, 1pm

Contract summary

Industry

  • Insurance and pension services - 66500000

Location of contract

CR0 2NA

Value of contract

£0 to £60,000,000

Procurement reference

tender_356523/1264922

Published date

27 December 2023

Closing date

26 July 2023

Closing time

1pm

Contract start date

2 December 2023

Contract end date

1 December 2025

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 procured a Framework Agreement consisting of specialist firms to provide administration, actuarial, support and consultancy services.

Firms have been appointed to either one 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 Agreement has an initial term of two years, with the option of two one-year extensions.

NEST may also choose to contract for services via a call-off from the Framework.

The final value of the framework across the maximum term may fall within a wide range as it has been set up to be available for future call-offs for requirements that we may not currently be aware of.

More information

Additional text

See notice tender_356523/1227681 for opportunity notice

Award information

Awarded date

2 December 2023

Contract start date

2 December 2023

Contract end date

1 December 2025

Total value of contract

£50,000,000

This contract was awarded to 14 suppliers.

Broadstone Pensions Limited

Address

100 Wood Street, London, EC2V 7AN

Reference

Companies House number: 06321397

Supplier is SME?

Yes

Supplier is VCSE?

No

Barnett Waddingham LLP

Address

2 London Wall Place, London EC2Y 5AU

Reference

Companies House number: OC307678

Supplier is SME?

No

Supplier is VCSE?

No

Capita Pension Solutions Limited

Address

65 Gresham Street, London, EC2V 7NQ

Reference

Companies House number: 02260524

Supplier is SME?

No

Supplier is VCSE?

No

Ernst & Young LLP

Address

1 More London London SE1 2AF

Reference

Companies House number: OC300001

Supplier is SME?

No

Supplier is VCSE?

No

First Actuarial LLP

Address

Mayesbrook House Lawnswood Business Park Redvers Close Leeds LS16 6QY

Reference

Companies House number: OC348086

Supplier is SME?

Yes

Supplier is VCSE?

No

Government Actuary's Department

Address

6th Floor, 10 South Colonnade, London, E14 4PU

Reference

No reference - other

Supplier is SME?

No

Supplier is VCSE?

No

Grant Thornton UK LLP

Address

30 Finsbury Square London EC2A 1AG

Reference

Companies House number: OC307742

Supplier is SME?

No

Supplier is VCSE?

No

Hymans Robertson LLP

Address

One London Wall, London, EC2Y 5EA

Reference

Companies House number: OC310282

Supplier is SME?

No

Supplier is VCSE?

No

Isio Group Limited

Address

10 Norwich Street, London, EC4A 1BD

Reference

Companies House number: 12273083

Supplier is SME?

No

Supplier is VCSE?

No

KPMG LLP

Address

15 Canada Square, London, E14 5GL, UK

Reference

Companies House number: OC301540

Supplier is SME?

No

Supplier is VCSE?

No

Lane Clark and Peacock LLP

Address

95 Wigmore Street, London, W1U 1DQ

Reference

Companies House number: OC301436

Supplier is SME?

No

Supplier is VCSE?

No

PricewaterhouseCoopers LLP

Address

1 Embankment Place, London, WC2N 6RH

Reference

Companies House number: OC303525

Supplier is SME?

No

Supplier is VCSE?

No

QUANTUM ACTUARIAL LLP

Address

Cypress House Pascal Close St Mellons Cardiff CF3 0LW

Reference

No reference - partnership

Supplier is SME?

Yes

Supplier is VCSE?

No

Spence & Partners Limited

Address

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

Reference

Companies House number: NI037760

Supplier is SME?

Yes

Supplier is VCSE?

No

About the buyer

Contact name

Commercial Services

Address

Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
England

Email

commercialservices@ppf.co.uk