Section one: Contracting authority
one.1) Name and addresses
General Medical Council (GMC)
3 Hardman Street
Manchester
M3 3AW
Telephone
+44 1619236340
Country
United Kingdom
NUTS code
UK - UNITED KINGDOM
Internet address(es)
Main address
Buyer's address
https://www.mytenders.co.uk/search/Search_AuthProfile.aspx?ID=AA19541
one.4) Type of the contracting authority
Body governed by public law
one.5) Main activity
Other activity
Medical regulation
Section two: Object
two.1) Scope of the procurement
two.1.1) Title
Actuarial, Administration and Employer advice
Reference number
GMC1063
two.1.2) Main CPV code
- 66519600 - Actuarial services
two.1.3) Type of contract
Services
two.1.4) Short description
The Trustees of the GMC Staff Superannuation Scheme are undertaking a review of its service providers 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 inviting service providers to bid for the provision of:
- Actuarial services
- Administrative service
- Employer Advice service.
Potential service providers must have experience of working with similarly sized schemes and should be able to provide all three of the specified services.
two.1.6) Information about lots
This contract is divided into lots: No
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £3,500,000
two.2) Description
two.2.2) Additional CPV code(s)
- 66519600 - Actuarial services
- 66131100 - Pension investment services
- 66141000 - Pension fund management services
- 66520000 - Pension services
two.2.3) Place of performance
NUTS codes
- UK - UNITED KINGDOM
two.2.4) Description of the procurement
The Trustees of the GMC Staff Superannuation Scheme are undertaking a review of its service providers 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 inviting service providers to bid for the provision of:
- Actuarial services
- Administrative service
- Employer Advice service.
Potential service providers must have experience of working with similarly sized schemes and should be able to provide all three of the specified services.
Scheme Information
The GMC Staff Superannuation Scheme is a contracted-out defined benefits occupational pension scheme. The principal employer is the General Medical Council. The Scheme closed to new members on 30 June 2013, and has now closed to future accrual from 31 March 2018, although a salary link for active members at this date has been retained.
There are two category types and the benefit structure offers members the opportunity to receive a full pension or exchange part of their pension for a tax free cash sum at retirement.
On 1 January 2020 the membership profile was as follows:
Active members - 466
Deferred members - 680
Pensioner members - 217
As of 31 December 2019, the assets of the Scheme were approximately 256.4 million GBP and a triennial actuarial valuation is due on 31 December 2021.
two.2.5) Award criteria
Quality criterion - Name: Quality / Weighting: 70
Cost criterion - Name: Commercial / Weighting: 30
two.2.11) Information about options
Options: No
two.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No
Section four. Procedure
four.1) Description
four.1.1) Type of procedure
Open procedure
four.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes
four.2) Administrative information
four.2.1) Previous publication concerning this procedure
Notice number: 2020/S 100-243236
Section five. Award of contract
Contract No
GMC1063
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
18 December 2020
five.2.2) Information about tenders
Number of tenders received: 5
Number of tenders received from SMEs: 2
Number of tenders received from tenderers from other EU Member States: 5
Number of tenders received from tenderers from non-EU Member States: 0
Number of tenders received by electronic means: 5
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Aon Hewitt Limited
122 Leadenhall Street
London
EC3V 4AN
Telephone
+44 1179004443
Country
United Kingdom
NUTS code
- UKI - LONDON
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Initial estimated total value of the contract/lot: £3,500,000
Total value of the contract/lot: £3,500,000
Section six. Complementary information
six.3) Additional information
(MT Ref:221749)
six.4) Procedures for review
six.4.1) Review body
Public Procurement Review Service
Cabinet Office
London
publicprocurementreview@cabinetoffice.gov.uk
Telephone
+44 3450103503
Country
United Kingdom
Internet address
https://www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit