Published date: 8 May 2025

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


Closing: 15 April 2025, 12pm

Contract summary

Industry

  • Pension fund management services - 66141000

Location of contract

NE15 8NY

Value of contract

£0 to £6,500,000

Procurement reference

CF-3021200D0O000000rwimUAA

Published date

8 May 2025

Closing date

15 April 2025

Closing time

12pm

Contract start date

22 April 2025

Contract end date

21 April 2026

Contract type

Service contract

Procedure type

Call-off from a framework agreement

A mini-competition or direct purchase from a pre-established framework agreement.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

The McCloud Judgement refers to a ruling by the Court of Appeal, which instructs that remedies are put in place to remove age discrimination from public sector pension schemes following the 2015 reforms. As providers of the NHS Pension Scheme, DHSC and NHSBSA are within scope of this judgement and must therefore comply with legal obligations. In addition to this, the recent announcements around NHSE and ICBs will lead to an unforeseen significant spike in Pension workloads with an expectation that these members are prioritised and timescales aligned with DHSC expectations and timelines. Work will include redundancy estimate requests, end to end retirement calculations and then putting pensions into payment. The calculations required for impacted McCloud members will add complexity as Pensions Savings Statement will also need to be produced. Resource required for this work are highly skilled Subject Matter Experts.

More information

Attachments

Award information

Awarded date

22 April 2025

Contract start date

22 April 2025

Contract end date

21 April 2026

Total value of contract

£6,500,000

This contract was awarded to 1 supplier.

Equiniti Limited

Address

Aspect House, Spencer Road, Lancing, West Sussex, BN99 6DA BN99 6DA

Reference

None

Supplier is SME?

No

About the buyer

Contact name

Edward Bewick

Address

Stella House
Newcastle Upon Tyne
NE15 8NY
United Kingdom

Email

commercialservicesteam@nhsbsa.nhs.uk