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Official procurement procedure

Professional Services Framework (Admin, Actuarial, and Consultancy) 2023

Actuarial services
Insurance and pension services
UK
Published value
Not published
Submission deadline Not published
Lots published2
Procurement Executive Summary
AI & Search Synopsis
Generated from official OCDS record
Tenderline Synopsis: The Board of the Pension Protection Fund: "Professional Services Framework (Admin, Actuarial, and Consultancy) 2023". Published status: complete. Published value: Value not published. 2 published lots. Submission deadline not published. See the official notice for participation instructions.
Contracting AuthorityThe Board of the Pension Protection FundScope & CategoriesNot publishedSubmission Window
complete
No deadline published
Submission GatewayDirect notice routeLegal Basis & RegimeStandard procurementEstimated Value (exc. VAT)Not published
Bidder Intelligence · Authority Profile: The Board of the Pension Protection Fund
Market Analytics
View Authority Profile →
Derived from OCDS awards & bid statistics
Published history for The Board of the Pension Protection Fund. These figures describe retained records, not a forecast of bids or a measure of buyer bias.
Published-to-award variance
Not availableInsufficient comparable data
Requires at least 5 comparable procedures
Competition Density
13.3Bids / Report
0% of reports have one bid
Supplier ConcentrationNo estimate
Insufficient attributable awardsNo concentration estimate available
Payment Terms
Check noticePublished terms
Payment obligations depend on the applicable regime and contract. Consult the official documents.
Coverage: 17 active published awards; 17 bid reports (which may be per lot). Supplier values exclude multi-supplier awards, frameworks and DPS, and use GBP only. They are published award values, not payments. Published-to-award variance compares single-lot, single-award, single-supplier GBP procedures with explicitly non-framework/non-DPS status; increases remain in the average. Unpublished data stays unknown. Awarded suppliers are winners, not all bidders.
Procedure terms
Contracting AuthorityThe Board of the Pension Protection Fund
Procedure methodNot published
Procurement categoryNot published
Statuscomplete
Framework / DPSFramework
CompetitionNot published
Above thresholdNot published
Legal basisNot published
Tender period startsNot published
Clarification deadlineNot published
Electronic submissionNot published
Submission languagesNot published
Published21 Dec 2023, 09:36 GMT
Last source update21 Dec 2023, 09:36 GMT
Recurring procurementNot published
ClassificationActuarial services, Insurance and pension services
Delivery area
UK
OCIDocds-h6vhtk-03db9f
What is being bought
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.
What changed
From the official release history
  1. tender value changed
    21 Dec 2023, 09:36 GMT
  2. Status changed to complete
    21 Dec 2023, 09:36 GMT
  3. Official notice release published
    21 Dec 2023, 09:36 GMT
  4. Submission deadline changed to published date
    21 Dec 2023, 09:36 GMT
  5. Published value updated to £50,000,000
    22 Jun 2023, 12:25 BST
  6. Status changed to active
    22 Jun 2023, 12:25 BST
  7. Official notice release published
    22 Jun 2023, 12:25 BST
  8. Submission deadline changed to 26 Jul 2023, 13:00 BST
    22 Jun 2023, 12:25 BST
  9. Buyer information updated
    22 Jun 2023, 12:25 BST
Lots and requirements (2)
Published by the contracting authority
  • Lot 1 · #1
    Lot 1 - Administration, Actuarial, Support & Pensions Consultancy Services
    cancelled
    Published valueNot published
    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.
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
  • Lot 2 · #2
    Lot 2 - Actuarial Consultancy Services
    cancelled
    Published valueNot published
    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).
    Contract periodNot published
    EligibilityNot published
    Options / renewalNot published
Timeline
  1. Procedure published
    21 Dec 2023, 09:36 GMT
  2. Award active
    Not published · Not published
  3. Award active
    Not published · Not published
  4. Award active
    Not published · Not published
  5. Award active
    Not published · Not published
  6. Award active
    Not published · Not published
  7. Award active
    Not published · Not published
  8. Award active
    Not published · Not published
  9. Award active
    Not published · Not published
  10. Award active
    Not published · Not published
  11. Award active
    Not published · Not published
  12. Award active
    Not published · Not published
  13. Award active
    Not published · Not published
  14. Award active
    Not published · Not published
  15. Award active
    Not published · Not published
  16. Contract active
    Signed 6 Dec 2023, 00:00 GMT · £50,000,000
  17. Contract active
    Signed 5 Dec 2023, 00:00 GMT · £50,000,000
  18. Contract active
    Signed 1 Dec 2023, 00:00 GMT · £50,000,000
  19. Contract active
    Signed 30 Nov 2023, 00:00 GMT · £50,000,000
  20. Contract active
    Signed 29 Nov 2023, 00:00 GMT · £50,000,000
  21. Contract active
    Signed 27 Nov 2023, 00:00 GMT · £50,000,000
  22. Contract active
    Signed 24 Nov 2023, 00:00 GMT · £50,000,000
  23. Contract active
    Signed 23 Nov 2023, 00:00 GMT · £50,000,000
  24. Contract active
    Signed 22 Nov 2023, 00:00 GMT · £50,000,000
  25. Contract active
    Signed 22 Nov 2023, 00:00 GMT · £50,000,000
  26. Contract active
    Signed 21 Nov 2023, 00:00 GMT · £50,000,000
  27. Contract active
    Signed 16 Nov 2023, 00:00 GMT · £50,000,000
  28. Contract active
    Signed 15 Nov 2023, 00:00 GMT · £50,000,000
  29. Contract active
    Signed 15 Nov 2023, 00:00 GMT · £50,000,000
Commercial outcome and competition
Awards
First Actuarial LLP
Not published · Not published · active
Ernst & Young LLP
Not published · Not published · active
Government Actuary's Department
Not published · Not published · active
Grant Thornton UK LLP
Not published · Not published · active
Hymans Robertson LLP
Not published · Not published · active
KPMG LLP
Not published · Not published · active
Broadstone Pensions Limited
Not published · Not published · active
Barnett Waddingham LLP
Not published · Not published · active
PricewaterhouseCoopers LLP
Not published · Not published · active
Capita Business Services Ltd
Not published · Not published · active
Isio Group Limited
Not published · Not published · active
Lane Clark and Peacock LLP
Not published · Not published · active
Quantum Actuarial LLP
Not published · Not published · active
Spence & Partners Limited
Not published · Not published · active
Contracts
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 6 Dec 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 5 Dec 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 1 Dec 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 30 Nov 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 29 Nov 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 27 Nov 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 24 Nov 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 23 Nov 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 22 Nov 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 22 Nov 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 21 Nov 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 16 Nov 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 15 Nov 2023, 00:00 GMT · active
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
£50,000,000 · signed 15 Nov 2023, 00:00 GMT · active
Bid statistics
bids: 14
bids: 14
bids: 14
bids: 14
bids: 14
bids: 14
bids: 14
bids: 14 (lot 1)
bids: 14 (lot 2)
bids: 14 (lot 2)
bids: 14 (lot 2)
bids: 14 (lot 2)
bids: 14 (lot 2)
bids: 14 (lot 2)
Buyer and organisations in this procedure

The Board of the Pension Protection Fund

Contracting authority GB-FTS-12304
View buyer profile

  • The Board of the Pension Protection Fund
    buyer
    reviewBody

    Renaissance, 12 Dingwall Road, Croydon, UK, CR0 2NA
    commercialservices@ppf.co.uk
    +44 8456002541

  • Barnett Waddingham LLP
    supplier

    2 London Wall Place, London, UK

  • Broadstone Pensions Limited
    supplier

    100 Wood Street, London, UK

  • Capita Business Services Ltd
    supplier

    65 Gresham Street, London, UK

  • Ernst & Young LLP
    supplier

    London, UK

  • First Actuarial LLP
    supplier

    Leeds, UK

  • Government Actuary's Department
    supplier

    6th Floor, 10 South Colonnade, London, UK

  • Grant Thornton UK LLP
    supplier

    30 Finsbury Square, London, UK

  • Hymans Robertson LLP
    supplier

    One London Wall, London, UK

  • Isio Group Limited
    supplier

    10 Norwich Street, London, UK

  • KPMG LLP
    supplier

    15 Canada Square, London, UK

  • Lane Clark and Peacock LLP
    supplier

    95 Wigmore Street, London, UK

  • PricewaterhouseCoopers LLP
    supplier

    1 Embankment Place, London, UK

  • Quantum Actuarial LLP
    supplier

    Cypress House Pascal Close St Mellons, Cardiff, UK

  • Spence & Partners Limited
    supplier

    Linen Loft, 27-37 Adelaide Street, Belfast, UK
Documents (0)
Official links; attachments are not copied
No data
No linked documents are published
Related procedures (0)
No data
No related procedures published