Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
key details
| Value | £50,000,000 |
|---|---|
| Status | complete |
| Category (CPV) | 66500000 +1 more |
| Deadline | 26 Jul 2023 |
| Procedure | open |
| OCID | ocds-h6vhtk-03db9f |
Awards (14)
This procurement was awarded to 14 suppliers. Values shown are per-award; the notice total is £50,000,000.
| Supplier | Value | Date | Status |
|---|---|---|---|
| Barnett Waddingham LLP shared | · | · | active |
| Broadstone Pensions Limited shared | · | · | active |
| Capita Business Services Ltd shared | · | · | active |
| Ernst & Young LLP shared | · | · | active |
| First Actuarial LLP shared | · | · | active |
| Government Actuary's Department shared | · | · | active |
| Grant Thornton UK LLP shared | · | · | active |
| Hymans Robertson LLP shared | · | · | active |
| Isio Group Limited shared | · | · | active |
| KPMG LLP shared | · | · | active |
| Lane Clark and Peacock LLP shared | · | · | active |
| PricewaterhouseCoopers LLP shared | · | · | active |
| Quantum Actuarial LLP shared | · | · | active |
| Spence & Partners Limited shared | · | · | active |
description
The Board of the Pension Protection Fund (the Board) has procured a Framework Agreement consisting of specialist firms to provide administration, actuarial, support and consultancy services.
Firms have been appointed to either Lot 1 or Lot 2, 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 Agreements have an initial term of two years, with the option of two one-year extensions, commencing 2 December 2023.
The National Employment Savings Trust (NEST) may also choose to contract for services via a call-off from this Framework.
The final value of the framework across the maximum term (four years) may fall within a wide range as it has been set up to be available for future call-offs for in scope requirements that we may not currently be aware of.
notice history
2 notices published against this procurement.
| Published | Type | Regime | Notice |
|---|---|---|---|
| 22 Jun 2023 | Contract notice (F02) | Earlier regulations | 017780-2023 |
| 21 Dec 2023 | Contract award notice (F03) | Earlier regulations | 037609-2023 |
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source
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