Official UK procurement notice
International Payments Service · UK public procurement notice
Authority: Pension Protection Fund (Public body)
What is being bought
Published requirement descriptionWe 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.
CPV: Banking services · International payment transfer services · Payroll management services
The lotProcurement structure
single lot · no lot value publishedLot #1We currently pay over 300,000 members and make payments of over £70m per monthPlanned
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 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.
Procedure terms & legal framework
From the official record- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Past planning notice
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- Unspecified in notice
- First published
- 9 Jan 2025, 11:31 GMT
- Last source update
- 9 Jan 2025, 11:31 GMT
- FTS notice number
2025/S 000-000643- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-04ce89Find a Tender
How it was run
Official notice- Submission deadline
- —
Timeline
9 Jan 2025 → 3 Mar 2025 · 2 dates- Notice published9 Jan 2025, 11:31 GMT
- Tender notice expected3 Mar 2025
Commercial outcome & contract awards
Pipeline notice- Awards (0)
- No award published
- Contracts (0)
- No contract published
- Bid statistics
- No aggregate bid statistics published
Contracting authority & participating public bodies
Official documents & specifications
Official links; attachments are not copiedNo document links were published on the notice.