Source: https://tendernation.io/opportunities/01a13cae-d5c4-7271-9f53-552be5b829d2/professional-services-framework-admin-actuarial-and-consultancy-2023

awarded GB open procedure Suitable for SMEs

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

[Pension Protection Fund](https://tendernation.io/buyers/pension-protection-fund)

Estimated value

Not stated

Published

27 Dec 2023

Deadline

Closed

26 Jul 2023

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- 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.

[More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses)

## About this tender

The Board of the Pension Protection Fund has procured a Framework Agreement consisting of specialist firms to provide administration, actuarial, support and consultancy services.

Firms have been appointed to either one 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 Agreement has an initial term of two years, with the option of two one-year extensions.

NEST may also choose to contract for services via a call-off from the Framework.

The final value of the framework across the maximum term may fall within a wide range as it has been set up to be available for future call-offs for requirements that we may not currently be aware of.

Additional information:

See notice tender\_356523/1227681 for opportunity notice

## CPV classification

Insurance and pension services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/f7536d18-0d15-4e48-88f8-f69b4196c3ac)

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