- Lot 1. Lot 1 - Actuarial services for the GMC Staff Superannuation Scheme
- Lot LOT2. Lot 2 - Administration services for the GMC Staff Superannuation Scheme
- Lot LOT3. Lot 3 - Investment advice services for the GMC Staff Superannuation Scheme
- Lot LOT4. Lot 4 - Employer advice provision for the GMC (contract with Employer not the Trustees)
Scope
Reference
GMC2199
Description
The Trustees of the GMC Staff Superannuation Scheme are undertaking a re-tendering exercise of its services to ensure that it continues to receive a high-quality service and value for money on behalf of the Employer and Scheme membership. Accordingly, the Trustees are re-tendering services for the provision of:
• Actuarial services
• Administrative service
• Investment advice service
• Employer advice service (the GMC/Employer is tendering for these services, not the Pension Trustees
Lot 1. Lot 1 - Actuarial services for the GMC Staff Superannuation Scheme
Description
to provide Actuarial services for the GMC Staff Superannuation Scheme
Lot LOT2. Lot 2 - Administration services for the GMC Staff Superannuation Scheme
Description
to provide Administration services for the GMC Staff Superannuation Scheme
Lot LOT3. Lot 3 - Investment advice services for the GMC Staff Superannuation Scheme
Description
to provide Investment advice services for the GMC Staff Superannuation Scheme
Lot LOT4. Lot 4 - Employer advice provision for the GMC (contract with Employer not the Trustees)
Description
to provide Employer advice provision for the GMC (contract with Employer not the Trustees)
Contract 1. LOT1 - Actuarial services for the GMC Staff Superannuation Scheme
Lots
Lot 1. Lot 1 - Actuarial services for the GMC Staff Superannuation Scheme
Supplier
Contract value
- £3,937,500 excluding VAT
- £4,725,000 including VAT
Above the relevant threshold
Date signed
19 December 2025
Contract dates
- 20 December 2025 to 4 December 2030
- Possible extension to 4 December 2034
- 8 years, 11 months, 16 days
Description of possible extension:
option to extend by two periods of twenty-four (24) months
Main procurement category
Services
CPV classifications
- 66500000 - Insurance and pension services
Contract locations
- UK - United Kingdom
Key performance indicators
| Name | Reporting frequency |
|---|---|
| KPI1 | 3 months |
| KPI2 | 3 months |
| KPI3 | 3 months |
Contract 2. LOT2 - Administration services for the GMC Staff Superannuation Scheme
Lots
Lot LOT2. Lot 2 - Administration services for the GMC Staff Superannuation Scheme
Supplier
Contract value
- £2,662,500 excluding VAT
- £3,195,000 including VAT
Above the relevant threshold
Date signed
19 December 2025
Contract dates
- 20 December 2025 to 4 December 2030
- Possible extension to 4 December 2034
- 8 years, 11 months, 16 days
Description of possible extension:
option to extend by two periods of twenty-four (24) months
Main procurement category
Services
CPV classifications
- 66500000 - Insurance and pension services
Contract locations
- UK - United Kingdom
Key performance indicators
| Name | Reporting frequency |
|---|---|
| KPI1 | 3 months |
| KPI2 | 3 months |
| KPI3 | 3 months |
Contract 3. LOT3 - Investment advice services for the GMC Staff Superannuation Scheme
Lots
Lot LOT3. Lot 3 - Investment advice services for the GMC Staff Superannuation Scheme
Supplier
Contract value
- £750,000 excluding VAT
- £900,000 including VAT
Above the relevant threshold
Date signed
19 December 2025
Contract dates
- 20 December 2025 to 4 December 2030
- Possible extension to 4 December 2034
- 8 years, 11 months, 16 days
Description of possible extension:
option to extend by two periods of twenty-four (24) months
Main procurement category
Services
CPV classifications
- 66100000 - Banking and investment services
Contract locations
- UK - United Kingdom
Key performance indicators
| Name | Reporting frequency |
|---|---|
| KPI1 | 3 months |
| KPI2 | 3 months |
| KPI3 | 3 months |
Contract 4. LOT4 - Employer advice provision for the GMC
Lots
Lot LOT4. Lot 4 - Employer advice provision for the GMC (contract with Employer not the Trustees)
Supplier
Contract value
- £1,875,000 excluding VAT
- £2,250,000 including VAT
Above the relevant threshold
Date signed
19 December 2025
Contract dates
- 20 December 2025 to 4 December 2030
- Possible extension to 4 December 2034
- 8 years, 11 months, 16 days
Description of possible extension:
option to extend by two periods of twenty-four (24) months
Main procurement category
Services
CPV classifications
- 66500000 - Insurance and pension services
Contract locations
- UK - United Kingdom
Key performance indicators
| Name | Reporting frequency |
|---|---|
| KPI1 | 3 months |
| KPI2 | 3 months |
| KPI3 | 3 months |
Other information
Conflicts assessment prepared/revised
Yes
Procedure
Procedure type
Open procedure
Special regime
Concession
Suppliers
AON Solutions UK Limited
- Public Procurement Organisation Number: PQCZ-2177-DLPW
Parkside House
Epsom
KT18 5BS
United Kingdom
Email: james.miller.2@aon.com
Region: UKJ26 - East Surrey
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 1. LOT1 - Actuarial services for the GMC Staff Superannuation Scheme
Contract 2. LOT2 - Administration services for the GMC Staff Superannuation Scheme
Contract 4. LOT4 - Employer advice provision for the GMC
XPS Group PLC
- Public Procurement Organisation Number: PWBZ-5997-ZHBD
Phoenix House 1 Station Hill
Reading
RG1 1NB
United Kingdom
Email: josh.pilley@xpsgroup.com
Region: UKJ11 - Berkshire
Small or medium-sized enterprise (SME): No
Voluntary, community or social enterprise (VCSE): No
Supported employment provider: No
Public service mutual: No
Contract 3. LOT3 - Investment advice services for the GMC Staff Superannuation Scheme
Contracting authority
General Medical Council (GMC)
- Public Procurement Organisation Number: PXLD-1125-PGBY
3 Hardman Street
Manchester
M3 3AW
United Kingdom
Contact name: Angela Barnes
Telephone: +441619236340
Email: angela.barnes@gmc-uk.org
Website: http://www.gmc-uk.org
Region: UKD33 - Manchester
Organisation type: Public authority - sub-central government