Published date: 15 December 2023
Last edited date: 5 January 2024
Awarded contract - This means that the contract has been awarded to a supplier.
Contract summary
Industry
Pension services - 66520000
Administration services - 75100000
Location of contract
United Kingdom
Value of contract
£239,000,000
Procurement reference
CSPS Lot 1
Published date
15 December 2023
Closing date
17 March 2022
Closing time
12pm
Contract start date
17 November 2023
Contract end date
16 November 2035
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?
No
Contract is suitable for VCSEs?
No
Description
The Authority required the provision of administration services for the CSPS, which included the Principal Civil Service Pension Scheme, the Civil Service and Others Pension Scheme, the Civil Service Compensation Scheme and the Civil Service Injury Benefits Schemes. The CSPS is the 3rd largest UK occupational pension scheme with approximately 1.6 million members and 300+ employers. The pension administration services required include the following:
Finance, accounting and taxation services
administration services
employer-related services including:
the collection of data and contributions and maintaining accurate and clean data
communications, including digital
the provision of a portal
maintenance of a comprehensive database of members records which complies with relevant legislation and regulatory requirements
Provision of calculations and information for annual resource accounts remuneration reports
member-related services, including:
the provision of a member portal and self service capability
the accurate and timely calculation of pension awards
provision of options and benefits calculations resulting from McCloud judgment
member communications (including digital communications, managing and operating a helpline and website, issuing annual benefits and pension saving statements, life time allowance statements, annual pension increase communications, scheme newsletters and leaflets)
liaison with any scheme medical advisor that may be appointed by the Authority.
pension payroll services (bulk and individual payroll services) and pensioner existence checking
services related to the Civil Service Compensation Scheme and the Civil Service Injury Benefit Scheme
reporting, including management information and provision of data, information and scheme returns to regulators and other bodies as needed
More information
Attachments
Links
Award information
Awarded date
17 November 2023
Contract start date
17 November 2023
Contract end date
16 November 2035
Total value of contract
£262,000,000
This contract was awarded to 1 supplier.
Capita Pension Solutions Limited
Address
65 Gresham Street
London
EC2V 7NQReference
Companies House number: 02260524
Value of contract
£262,000,000
Supplier is SME?
No
Supplier is VCSE?
No
About the buyer
Contact name
The Cabinet Office
Address
1 Horseguards Road
London
SW1A 2HQ
England
Telephone
+44 345 410 2222
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Closing: 17 March 2022, 12pm
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