Section one: Contracting authority
one.1) Name and addresses
The Board of the 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
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
two.1.2) Main CPV code
- 66500000 - Insurance and pension services
two.1.3) Type of contract
Services
two.1.4) Short description
The Board of the Pension Protection Fund (the Board) has procured a Framework Agreement consisting of specialist firms to provide administration, actuarial, support and consultancy services.
Firms have been appointed to either Lot 1 or Lot 2, 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 Agreements have an initial term of two years, with the option of two one-year extensions, commencing 2 December 2023.
The National Employment Savings Trust (NEST) may also choose to contract for services via a call-off from this Framework.
The final value of the framework across the maximum term (four years) may fall within a wide range as it has been set up to be available for future call-offs for in scope requirements that we may not currently be aware of.
two.1.6) Information about lots
This contract is divided into lots: Yes
two.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: £60,000,000
two.2) Description
two.2.1) Title
Lot 1 - Administration, Actuarial, Support & Pensions Consultancy Services
Lot No
1
two.2.2) Additional CPV code(s)
- 66519600 - Actuarial services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
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.
two.2.5) Award criteria
Quality criterion - Name: Customer Service / Weighting: 32
Quality criterion - Name: Quality of Work (1) / Weighting: 14
Quality criterion - Name: Quality of Work (2) / Weighting: 14
Quality criterion - Name: Social Value / Weighting: 10
Quality criterion - Name: Compliance with Tax / Weighting: Pass/Fail
Quality criterion - Name: Insurance / Weighting: Pass/Fail
Quality criterion - Name: Assurance Questionnaire / Weighting: Pass/Fail
Quality criterion - Name: Lot 1 Rate Card / Weighting: 30
Quality criterion - Name: Contractual Response / Weighting: Pass/Fail
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
two.2) Description
two.2.1) Title
Lot 2 - Actuarial Consultancy Services
Lot No
2
two.2.2) Additional CPV code(s)
- 66519600 - Actuarial services
two.2.3) Place of performance
NUTS codes
- UK - United Kingdom
two.2.4) Description of the procurement
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).
two.2.5) Award criteria
Quality criterion - Name: Customer Service / Weighting: 32
Quality criterion - Name: Quality of Work (1) / Weighting: 14
Quality criterion - Name: Quality of Work (2) / Weighting: 14
Quality criterion - Name: Social Value / Weighting: 10
Quality criterion - Name: Compliance with Tax / Weighting: Pass/Fail
Quality criterion - Name: Insurance / Weighting: Pass/Fail
Quality criterion - Name: Assurance Questionnaire / Weighting: Pass/Fail
Quality criterion - Name: Lot 2 Rate Card / Weighting: 30
Quality criterion - Name: Contractual Response / Weighting: Pass/Fail
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: 2023/S 000-017780
Section five. Award of contract
Contract No
ecm_3245
Lot No
1
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
21 November 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
First Actuarial LLP
Leeds
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: £50,000,000
Section five. Award of contract
Contract No
ecm_3246
Lot No
2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
24 November 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Ernst & Young LLP
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £50,000,000
Section five. Award of contract
Contract No
ecm_3248
Lot No
2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
1 December 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Government Actuary's Department
6th Floor, 10 South Colonnade
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £50,000,000
Section five. Award of contract
Contract No
ecm_3249
Lot No
2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 November 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Grant Thornton UK LLP
30 Finsbury Square
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £50,000,000
Section five. Award of contract
Contract No
ecm_3250
Lot No
2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
29 November 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Hymans Robertson LLP
One London Wall
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £50,000,000
Section five. Award of contract
Contract No
ecm_3254
Lot No
2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
30 November 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
PricewaterhouseCoopers LLP
1 Embankment Place
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £50,000,000
Section five. Award of contract
Contract No
ecm_3253
Lot No
1 & 2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
22 November 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Barnett Waddingham LLP
2 London Wall Place
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £50,000,000
Section five. Award of contract
Contract No
ecm_3255
Lot No
1 & 2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
23 November 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Capita Business Services Ltd
65 Gresham Street
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £50,000,000
Section five. Award of contract
Contract No
ecm_3256
Lot No
1 & 2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
22 November 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Isio Group Limited
10 Norwich Street
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £50,000,000
Section five. Award of contract
Contract No
ecm_3257
Lot No
1 & 2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
27 November 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Lane Clark and Peacock LLP
95 Wigmore Street
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £50,000,000
Section five. Award of contract
Contract No
ecm_3258
Lot No
1 & 2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
16 November 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Quantum Actuarial LLP
Cypress House Pascal Close St Mellons
Cardiff
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: £50,000,000
Section five. Award of contract
Contract No
ecm_3260
Lot No
1 & 2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
15 November 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Spence & Partners Limited
Linen Loft, 27-37 Adelaide Street
Belfast
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: £50,000,000
Section five. Award of contract
Contract No
ecm_3251
Lot No
2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
6 December 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
KPMG LLP
15 Canada Square
London
Country
United Kingdom
NUTS code
- UK - United Kingdom
The contractor is an SME
No
five.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: £50,000,000
Section five. Award of contract
Contract No
ecm_3252
Lot No
1 & 2
Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded: Yes
five.2) Award of contract
five.2.1) Date of conclusion of the contract
5 December 2023
five.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators: No
five.2.3) Name and address of the contractor
Broadstone Pensions Limited
100 Wood Street
London
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: £50,000,000
Section six. Complementary information
six.4) Procedures for review
six.4.1) Review body
The Board of the Pension Protection Fund
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
Country
United Kingdom