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
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
Trustee Services Panel
two.1.2) Main CPV code
- 66520000 - Pension services
two.1.3) Type of contract
Services
two.1.4) Short description
The Board of the Pension Protection Fund has established a new Framework of specialist firms to provide trustee and pre-insolvency services to pension schemes prior to, and during, the PPF Assessment Period.
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: £36,000,000
two.2) Description
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
The Board of the Pension Protection Fund has established a new Framework of specialist firms to provide trustee and pre-insolvency services to pension schemes prior to, and during, the PPF Assessment Period.
The contract will be for an initial term of two years with two optional one-year extensions to take the maximum possible term to four years (2+1+1).
The estimate value of call-off contracts awarded via this framework's full potential four-year term is £36,000,000 + VAT (£43,200,000 inc. VAT).
two.2.5) Award criteria
Quality criterion - Name: Customer Service Quality / Weighting: 30
Quality criterion - Name: Capacity / Weighting: 20
Quality criterion - Name: Quality Standards / Weighting: 20
Quality criterion - Name: Continuous Improvement / Weighting: 20
Quality criterion - Name: Social Value / Weighting: 10
Price - Weighting: 100
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.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
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: 2024/S 000-031191
Section five. Award of contract
Contract No
1
Title
Trustee Services Panel
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
14 February 2025
five.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Dalriada Trustees Limited
Linen Loft, 27-37 Adelaide Street
Belfast
BT2 8FE
Country
United Kingdom
NUTS code
- UKN - Northern Ireland
The contractor is an SME
Yes
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £36,000,000
Section five. Award of contract
Contract No
2
Title
Trustee Services Panel
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
11 February 2025
five.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Ross Trustees Services Limited
Westgate House, 9 Holborn
London
EC1N 2LL
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
Yes
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £36,000,000
Section five. Award of contract
Contract No
3
Title
Trustee Services Panel
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
11 February 2025
five.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Open Trustees Limited
5th Floor, Halo, Counterslip
Bristol
BS1 6AJ
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
Yes
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £36,000,000
Section five. Award of contract
Contract No
4
Title
Trustee Services Panel
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
11 February 2025
five.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Vidett Trustee Services Limited
3rd Floor Forbury Works, 37-43 Blagrave Stree
Reading
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
Yes
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £36,000,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
The Pension Protection Fund
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
Country
United Kingdom