Section one: Contracting authority
one.1) Name and addresses
Pension Protection Fund
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
Telephone
+44 8456002541
Country
United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address
https://ppf.bravosolution.co.uk/
Buyer's address
one.3) Communication
Additional information can be obtained from the above-mentioned address
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Economic and financial affairs
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
International Payments Service
two.1.2) Main CPV code
- 66115000 - International payment transfer services
two.1.3) Type of contract
Services
two.1.4) Short description
We plan to conduct a procurement process in the Spring of 2025 for our international payment service, following an early market engagement exercise.
Most of our members are based in the UK, however some reside overseas. We require an international payment service to pay monthly member benefits to these members or their beneficiaries.
This PIN is intended to alert potential suppliers of the opportunity and direct them to a short RFI Questionnaire as part of our early market engagement.
two.1.6) Information about lots
This contract is divided into lots: No
two.2) Description
two.2.2) Additional CPV code(s)
- 66110000 - Banking services
- 79211110 - Payroll management services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
We currently pay over 300,000 members and make payments of over £70m per month. Approximately 4,000 of these members reside overseas in over 50 different countries. We therefore have a requirement to pay overseas bank accounts either in GBP or national currency. We currently use an external payment provider to facilitate these payments, working alongside our payroll team and systems.
Given many of these pensioners rely on their PPF compensation for their income, it is imperative that our overseas solution is reliable, robust, and provides value for money.
We administer the member payments and records, so would not expect an overseas payroll provider to have direct contact with members, only our internal team.
In order to complete the RFI Questionnaire and express interest in this procurement please register on PPF's eSourcing Portal Jaggaer at https://ppf.bravosolution.co.uk/ and complete and upload the short questionnaire listed as PQQ 52 (the RFI Questionnaire is titled "PPF Request for Information - International Payments Service").
The RFI Questionnaire response deadline is 1pm on 7 February 2025.
two.3) Estimated date of publication of contract notice
3 March 2025
Section four. Procedure
four.1) Description
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes