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Find a TenderAwardedContract details notice
Published 20 Aug 2025, 14:15 BST

Official UK procurement notice

GMC2199 Actuarial and administration services, investment services and employee advice

Official notice

Authority: General Medical Council (GMC) (Local council)·Consortium: 2 public authorities

4 lotsServicesOpen procedureAbove thresholdConcessionSME suitable
Sectors: Financial and insurance services (66) Delivery: UK
Concession value (operator's revenue)£9,225,000envelope for 4 lots · operator revenue, not the authority's budget · 1 value update
Submissions closed 30 Sept 2025awarded 14 Nov 2025
Awarded to Aon Solutions UK Limited, XPS Administration Limited4 awards
Contract term 5 yrsends 4 Dec 2030 · up to 4 Dec 2034 with extensions · starts 5 Dec 2025

What is being bought4 lots · detail below

Published requirement 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

CPV: Pension investment services

Lots and requirements (4)Procurement structure

4 lots · all with a published value (£9,225,000 together)
Lot #1Actuarial services for the GMC Staff Superannuation SchemeAwardedRenewal 5 yrsSMEPublished value£3,937,500

to provide Actuarial services for the GMC Staff Superannuation Scheme

Contract period: 5 Dec 2025 – 4 Dec 2030 (5 yrs) · up to 4 Dec 2034 with extensionsValue: £3,937,500 exc. VAT · £4,725,000 inc. VAT
Delivery: UKEligibility: SME eligible
Extensions: option to extend by two periods of twenty-four (24) months
66131100 Pension investment services
Lot #2Administration services for the GMC Staff Superannuation SchemeAwardedRenewal 5 yrsSMEPublished value£2,662,500

to provide Administration services for the GMC Staff Superannuation Scheme

Contract period: 5 Dec 2025 – 4 Dec 2030 (5 yrs) · up to 4 Dec 2034 with extensionsValue: £2,662,500 exc. VAT · £3,195,000 inc. VAT
Delivery: UKEligibility: SME eligible
Extensions: option to extend by two periods of twenty-four (24) months
66131100 Pension investment services
Lot #3Investment advice services for the GMC Staff Superannuation SchemeAwardedRenewal 5 yrsSMEPublished value£1,875,000

to provide Investment advice services for the GMC Staff Superannuation Scheme

Contract period: 5 Dec 2025 – 4 Dec 2030 (5 yrs) · up to 4 Dec 2034 with extensionsValue: £1,875,000 exc. VAT · £2,250,000 inc. VAT
Delivery: UKEligibility: SME eligible
Extensions: option to extend by two periods of twenty-four (24) months
66131100 Pension investment services
Lot #4Employer advice provision for the GMC (contract with Employer not the Trustees)AwardedRenewal 5 yrsSMEPublished value£750,000

to provide Employer advice provision for the GMC (contract with Employer not the Trustees)

Contract period: 5 Dec 2025 – 4 Dec 2030 (5 yrs) · up to 4 Dec 2034 with extensionsValue: £750,000 exc. VAT · £900,000 inc. VAT
Delivery: UKEligibility: SME eligible
Extensions: option to extend by two periods of twenty-four (24) months
66131100 Pension investment services

What it takes to win
i

How this buyer will score bids.

The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).

Evaluation split and conditions of participation as published; the tender pack may add more
How bids were scored
Quality: 70
Published award criteria (2)
  • Quality: quality 70%
  • cost: cost 20%
Lot distribution rule: Lots – this tender requirement will be split into four (4) separate Lots. All lots will be evaluated as individual contracts in line with the weightings detailed in the Invitation to Tender document. Tenderers can bid for any lot that they desire. The GMC may award more than one lot to the same supplier or appoint a different supplier per individual lot

Procedure terms & legal framework

From the official record
Procedure method
Open procedure
Legal basis
UKPGA · 2023/54 Procurement Act 2023
Procurement category
Services
Notice status
Awarded
Procurement threshold
Above threshold (FTS publication)
Regulatory regime
Concession
Commercial structure
Stand-alone contract (no framework)
Competition type
Competitive procedure
GPA / WTO covered
Unspecified in notice
Recurring procurement
Unspecified in notice
First published
20 Aug 2025, 14:15 BST
Last source update
6 Jan 2026, 13:58 GMT
Award evaluation window
Submission end – 14 Nov 2025
Authority reference
GMC2199
FTS notice number
2025/S 000-053274
Latest notice
Contract details notice (UK7)
Classification (CPV)
Pension investment services
Delivery area
UK
Official registry OCID
ocds-h6vhtk-058b69 Find a Tender

How it was run

Official notice
Submission deadline
30 Sept 2025, 12:00 BST
Clarification deadline
12 Sept 2025, 12:00 BST
Electronic submission
Allowed
Accepted languages
en
Detailed submission instructions & authority contactsFrom official release

www.mytenders.co.uk ↗

Timeline

20 Aug 2025 → 6 Jan 2026 · 10 dates
  1. Planning notice published
    20 Aug 2025, 14:15 BST
  2. Next notice expected
    29 Aug 2025, 23:59 BST
  3. Tender notice published
    2 Sept 2025, 16:09 BST
  4. Clarification questions by399 days ago
    12 Sept 2025, 12:00 BST
  5. Submission deadline381 days ago
    30 Sept 2025, 12:00 BST
  6. Assessment summaries sent336 days ago
    14 Nov 2025
  7. Award decision expected by335 days ago
    14 Nov 2025, 23:59 GMT
  8. Standstill ends324 days ago
    25 Nov 2025, 23:59 GMT
  9. Contract starts315 days ago
    5 Dec 2025
  10. Latest notice published283 days ago
    6 Jan 2026, 13:58 GMT

Notice history

11 events · 4 releases on Find a Tender · since 20 Aug 2025
  1. Preliminary market engagement notice published
    20 Aug 2025, 14:15 BST
    UK2
  2. Tender notice published
    2 Sept 2025, 16:09 BST
    UK4
  3. Published value updated to £9,225,000
    2 Sept 2025, 16:09 BST
    was £7,083,333
  4. Status changed to active
    2 Sept 2025, 16:09 BST
  5. Procurement method changed
    2 Sept 2025, 16:09 BST
  6. Deadline published: 30 Sept 2025, 12:00 BST
    2 Sept 2025, 16:09 BST
  7. Contract award notice published
    14 Nov 2025, 21:13 GMT
    UK6
  8. Status changed to complete
    14 Nov 2025, 21:13 GMT
  9. Buyer details updated
    14 Nov 2025, 21:13 GMT
  10. Contract signature expected
    2 Dec 2025, 23:59 GMT
    scheduled
  11. Contract details notice published
    6 Jan 2026, 13:58 GMT
    UK7
Routine re-releases (4)
  • 2025-08: 1 release · 20 Aug 2025

Commercial outcome & contract awards

Published awards, contracts and bid statistics, not a forecast
Awards 4
Awarded value £9,225,0004 awards exc. VAT
Bids received 20
Contracts signed 4latest 19 Dec 2025
Awarded toValueDateStatus
Lot 1 · Actuarial services for the GMC Staff Superannuation Scheme1 award
Aon Solutions UK LimitedSME LOT 1 - Actuarial services for the GMC Staff Superannuation Scheme5 Dec 2025 – 4 Dec 2030 · up to 4 Dec 2034Extensions: The contract will run from the contract start date to 04th December 2030 with the option to extend by two periods of twenty-four (24) months. assess sums sent 14/11/25£3,937,50014 Nov 2025Awarded
Lot 2 · Administration services for the GMC Staff Superannuation Scheme1 award
Aon Solutions UK LimitedSME5 Dec 2025 – 4 Dec 2030 · up to 4 Dec 2034Extensions: The contract will run from the contract start date to 04th December 2030 with the option to extend by two periods of twenty-four (24) months. £2,662,50014 Nov 2025Awarded
Lot 3 · Investment advice services for the GMC Staff Superannuation Scheme1 award
XPS Administration Limited LOT 3 - Investment advice services for the GMC staff superannuation scheme 5 Dec 2025 – 4 Dec 2030 · up to 4 Dec 2034Extensions: The contract will run from the contract start date to 04th December 2030 with the option to extend by two periods of twenty-four (24) months. assessmeny sent 14/11/25£750,00014 Nov 2025Awarded
Lot 4 · Employer advice provision for the GMC (contract with Employer not the Trustees)1 award
Aon Solutions UK LimitedSMELOT 4 - Employer advice provision for the GMC5 Dec 2025 – 4 Dec 2030 · up to 4 Dec 2034Extensions: The contract will run from the contract start date to 04th December 2030 with the option to extend by two periods of twenty-four (24) months. 14/11/11 assess sent£1,875,00014 Nov 2025Awarded

Contracts

  • LOT1 - Actuarial services for the GMC Staff Superannuation Scheme · Aon Solutions UK LimitedSME

    Signed
    19 Dec 2025
    Value
    £3,937,500
    Period
    20 Dec 2025 – 4 Dec 2030 · up to 4 Dec 2034 with extensions
    Status
    active
    Extensions
    option to extend by two periods of twenty-four (24) months
    3 agreed KPIs: KPI1 · KPI2 · KPI3
    • KPI1
    • KPI2
    • KPI3

  • LOT2 - Administration services for the GMC Staff Superannuation Scheme · Aon Solutions UK LimitedSME

    Signed
    19 Dec 2025
    Value
    £2,662,500
    Period
    20 Dec 2025 – 4 Dec 2030 · up to 4 Dec 2034 with extensions
    Status
    active
    Extensions
    option to extend by two periods of twenty-four (24) months
    3 agreed KPIs: KPI1 · KPI2 · KPI3
    • KPI1
    • KPI2
    • KPI3

  • LOT3 - Investment advice services for the GMC Staff Superannuation Scheme · XPS Administration Limited

    Signed
    19 Dec 2025
    Value
    £750,000
    Period
    20 Dec 2025 – 4 Dec 2030 · up to 4 Dec 2034 with extensions
    Status
    active
    Extensions
    option to extend by two periods of twenty-four (24) months
    3 agreed KPIs: KPI1 · KPI2 · KPI3
    • KPI1
    • KPI2
    • KPI3

  • LOT4 - Employer advice provision for the GMC · Aon Solutions UK LimitedSME

    Signed
    19 Dec 2025
    Value
    £1,875,000
    Period
    20 Dec 2025 – 4 Dec 2030 · up to 4 Dec 2034 with extensions
    Status
    active
    Extensions
    option to extend by two periods of twenty-four (24) months
    3 agreed KPIs: KPI1 · KPI2 · KPI3
    • KPI1
    • KPI2
    • KPI3

Bid statistics published by the authority

LotBidsSMEVCSEValid bid range
1 · Actuarial services for the GMC Staff Superannuation Scheme5final-stage tenders00—
2 · Administration services for the GMC Staff Superannuation Scheme5final-stage tenders00—
3 · Investment advice services for the GMC Staff Superannuation Scheme5final-stage tenders00—
4 · Employer advice provision for the GMC (contract with Employer not the Trustees)5final-stage tenders00—

Contracting authority & participating public bodies

2 public bodies on the notice

General Medical Council (GMC)

Contracting authorityPublic authority - sub-central government GB-CHC: 1089278 · GB-PPON: PXLD-1125-PGBY 3 Hardman Street, Manchester, North West, M3 3AWContact name, email, phone

Bidders & participating suppliers

2 commercial parties on the notice
  • AON Solutions UK Limited Awarded supplierGB-PPON: PQCZ-2177-DLPW Parkside House, Epsom, South East, KT18 5BSContact email
  • XPS Group PLCAwarded supplierGB-PPON: PWBZ-5997-ZHBD Phoenix House 1 Station Hill, Reading, South East, RG1 1NBContact email

Official documents & specifications (10)

Official links; attachments are not copied

Notices published for this procedure

  • Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender
  • Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender
  • Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender
  • Contract details notice contractContract details noticeUK7Contract details notice on Find a Tender
  • Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender
  • Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender
  • Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender
  • Contract award notice awardContract award noticeUK6Contract award notice on Find a Tender
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