The Board of the Pension Protection Fund would like to procure a new Framework Agreement of specialist firms to provide Administration, Actuarial, Support and Consultancy Services.

The maximum number of firms per lot that will be admitted to the framework agreement are as follows:

Lot 1: 15

Lot 2: 15

The same supplier may be on both Lots. In this scenario, this means the supplier would take one place on each Lot.

National Employment Savings Trust (NEST) may also choose to contract for services via a call-off from the framework.

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, firms applying for this lot will have direct experience in the pensions industry. Firms in Lot 1 must be able to provide the full range of services as set out in the service requirements.

Lot 2 is aimed at firms with specialist actuarial capabilities who will have experience in either the pensions or insurance industries (where long term risk modelling is also considered).