Published date: 28 February 2022

Last edited date: 11 March 2022

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 March 2022, 12pm

Contract summary

Industry

  • Pension services - 66520000

  • Administration services - 75100000

  • Government employee pension schemes - 75320000

Location of contract

United Kingdom

Value of contract

£310,000,000

Procurement reference

RM6326

Published date

28 February 2022

Closing date

17 March 2022

Closing time

12pm

Contract start date

20 October 2025

Contract end date

21 October 2030

Contract type

Service contract

Procedure type

Competitive procedure with negotiation (above threshold)

Anyone may ask to participate, but only those who are pre-selected will be invited to submit initial tenders and to negotiate.

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 procurement will comprise 2 lots, each of which will be awarded as a separate contract.
Details of the lots are as follows:

Lot 1:Procurement for the provision of pension administration for the Civil Service Pension Scheme ("CSPS")
The CSPS Pension Scheme is managed by the Authority. The current contract expires on 31/12/2023.
The CSPS is the 3rd largest UK occupational pension scheme with approximately 1.6 million members and 300+ employers.
The Authority aims to transform the administration of the CSPS, aspiring to become the UK's best administered and managed public-sector pension scheme. We are seeking a supplier who shares our vision, and will work in partnership to deliver a service that puts member experience at its heart, whilst also transforming the service for both members and employers. Suppliers must demonstrate a commitment to and track record for delivering incremental and continuous improvement.

The Authority is therefore looking for proposals to respond to this significant pension administration services opportunity. This Lot is solely for the administration services of the CSPS and associated schemes as referred to in para II.2.4 below.
The successful bidder will be expected to work with the Authority in its role as scheme manager, as well as with all current and potential employers (of whom there are currently around 350) covered by the scheme.
Website: www.civilservicepensionscheme.org.uk

Lot 2 Procurement for the provision of pension administration for the Royal Mail Statutory Pensions Scheme ("RMSPS")
The RMSPS Pension Scheme is managed by the Authority. The current contract expires on 31/09/2024.
The authority wants to ensure the members get the excellent service that they rightly expect. Above all we want to ensure that the right people get the right benefits at the right time and at the right cost to the taxpayer.

This procurement is solely for the pension administration services to the RMSPS. The successful pension administrator will be expected to work with Royal Mail Pension Plan's ("RMPP") pension administrator, Royal Mail Group Limited ("RMG"), with regard to those members who are beneficiaries in both RMSPS and RMPP. RMSPS is currently the 6th largest public sector pension scheme in the United Kingdom, with approximately 365,000 members. The scheme has no active members so there are no accruing costs or contributions.
Website: www.royalmailsps.co.uk

More information

Attachments

About the buyer

Contact name

The Cabinet Office (referred to as

Address

1 Horseguards Road
London
SW1A 2HQ
England

Telephone

+44 3450103503

Email

procurementassuranceandgovernance@crowncommercial.gov.uk

Website

https://www.gov.uk/cabinetoffice