Source: https://tendernation.io/opportunities/01a13b9f-043d-7368-b463-10fb5880a953/professional-services-framework-admin-actuarial-and-consultancy-2023

awarded GB open procedure

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

[The Board of the Pension Protection Fund](https://tendernation.io/buyers/the-board-of-the-pension-protection-fund)

Estimated value

£50,000,000

Published

21 Dec 2023

Deadline

Closed

26 Jul 2023

## Who can bid

- Split into 2 lots

    You can usually bid for just the lots you can deliver.
- Sets up a framework

    Winning a place does not guarantee work: contracts are awarded later as call-offs, and the list usually stays closed for years.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

## About this tender

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.

## CPV classification

Insurance and pension services Actuarial services

Source

Find a Tender (UK) · Notice ocds-h6vhtk-03db9f-2023-12-21T09:36:49Z

[View official notice](https://www.find-tender.service.gov.uk/Notice/ocds-h6vhtk-03db9f-2023-12-21T09:36:49Z)

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