Insurance and pension services

Contract Value:: -
Notice Type:: Contract award notice

Published Date:: 21 December 2023
Closing Date:

Location(s):: UK UNITED KINGDOM; UKI LONDON (UK UNITED KINGDOM)

Description:

Professional Services Framework (Admin, Actuarial, and Consultancy) 2023

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.

Lot 1 - Administration, Actuarial, Support & Pensions 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 - Actuarial Consultancy Services

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).

Awarded to:: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023; Barnett Waddingham LLP, London (UK); Barnett Waddingham LLP, London (UK); Barnett Waddingham LLP, London (UK); Barnett Waddingham LLP, London (UK); Barnett Waddingham LLP, London (UK); Barnett Waddingham LLP, London (UK); Barnett Waddingham LLP, London (UK); Broadstone Pensions Limited, London (UK); Broadstone Pensions Limited, London (UK); Broadstone Pensions Limited, London (UK); Broadstone Pensions Limited, London (UK); Broadstone Pensions Limited, London (UK); Broadstone Pensions Limited, London (UK); Broadstone Pensions Limited, London (UK); Capita Business Services Ltd, London (UK); Capita Business Services Ltd, London (UK); Capita Business Services Ltd, London (UK); Capita Business Services Ltd, London (UK); Capita Business Services Ltd, London (UK); Capita Business Services Ltd, London (UK); Capita Business Services Ltd, London (UK); Ernst & Young LLP, London (UK); Ernst & Young LLP, London (UK); Ernst & Young LLP, London (UK); Ernst & Young LLP, London (UK); Ernst & Young LLP, London (UK); Ernst & Young LLP, London (UK); First Actuarial LLP, Leeds (UK); Government Actuary's Department, London (UK); Government Actuary's Department, London (UK); Government Actuary's Department, London (UK); Government Actuary's Department, London (UK); Government Actuary's Department, London (UK); Government Actuary's Department, London (UK); Grant Thornton UK LLP, London (UK); Grant Thornton UK LLP, London (UK); Grant Thornton UK LLP, London (UK); Grant Thornton UK LLP, London (UK); Grant Thornton UK LLP, London (UK); Grant Thornton UK LLP, London (UK); Hymans Robertson LLP, London (UK); Hymans Robertson LLP, London (UK); Hymans Robertson LLP, London (UK); Hymans Robertson LLP, London (UK); Hymans Robertson LLP, London (UK); Hymans Robertson LLP, London (UK); Isio Group Limited, London (UK); Isio Group Limited, London (UK); Isio Group Limited, London (UK); Isio Group Limited, London (UK); Isio Group Limited, London (UK); Isio Group Limited, London (UK); Isio Group Limited, London (UK); KPMG LLP, London (UK); KPMG LLP, London (UK); KPMG LLP, London (UK); KPMG LLP, London (UK); KPMG LLP, London (UK); KPMG LLP, London (UK); Lane Clark and Peacock LLP, London (UK); Lane Clark and Peacock LLP, London (UK); Lane Clark and Peacock LLP, London (UK); Lane Clark and Peacock LLP, London (UK); Lane Clark and Peacock LLP, London (UK); Lane Clark and Peacock LLP, London (UK); Lane Clark and Peacock LLP, London (UK); PricewaterhouseCoopers LLP, London (UK); PricewaterhouseCoopers LLP, London (UK); PricewaterhouseCoopers LLP, London (UK); PricewaterhouseCoopers LLP, London (UK); PricewaterhouseCoopers LLP, London (UK); PricewaterhouseCoopers LLP, London (UK); Quantum Actuarial LLP, Cardiff (UK); Quantum Actuarial LLP, Cardiff (UK); Quantum Actuarial LLP, Cardiff (UK); Quantum Actuarial LLP, Cardiff (UK); Quantum Actuarial LLP, Cardiff (UK); Quantum Actuarial LLP, Cardiff (UK); Quantum Actuarial LLP, Cardiff (UK); Spence & Partners Limited, Belfast (UK); Spence & Partners Limited, Belfast (UK); Spence & Partners Limited, Belfast (UK); Spence & Partners Limited, Belfast (UK); Spence & Partners Limited, Belfast (UK); Spence & Partners Limited, Belfast (UK); Spence & Partners Limited, Belfast (UK)

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The Buyer:: The Board of the Pension Protection Fund

CPV Code(s):: 66500000 - Insurance and pension services; 66519600 - Actuarial services