Contract award notice
Results of the procurement procedure
Section I: Contracting
entity
I.1) Name and addresses
The Board of the Pension Protection Fund
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
UK
Telephone: +44 8456002541
E-mail: commercialservices@ppf.co.uk
NUTS: UK
Internet address(es)
Main address: https://www.ppf.co.uk/
I.4) Type of the contracting authority
Body governed by public law
I.5) Main activity
Economic and financial affairs
Section II: Object
II.1) Scope of the procurement
II.1.1) Title
Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
II.1.2) Main CPV code
66500000
II.1.3) Type of contract
Services
II.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.
II.1.6) Information about lots
This contract is divided into lots:
Yes
II.1.7) Total value of the procurement
Value excluding VAT:
60 000 000.00
GBP
II.2) Description
Lot No: 1
II.2.1) Title
Lot 1 - Administration, Actuarial, Support & Pensions Consultancy Services
II.2.2) Additional CPV code(s)
66519600
II.2.3) Place of performance
NUTS code:
UK
II.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.
II.2.5) Award criteria
Quality criterion: Customer Service
/ Weighting: 32
Quality criterion: Quality of Work (1)
/ Weighting: 14
Quality criterion: Quality of Work (2)
/ Weighting: 14
Quality criterion: Social Value
/ Weighting: 10
Quality criterion: Compliance with Tax
/ Weighting: Pass/Fail
Quality criterion: Insurance
/ Weighting: Pass/Fail
Quality criterion: Assurance Questionnaire
/ Weighting: Pass/Fail
Quality criterion: Lot 1 Rate Card
/ Weighting: 30
Quality criterion: Contractual Response
/ Weighting: Pass/Fail
Price
/ Weighting:
100
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Lot No: 2
II.2.1) Title
Lot 2 - Actuarial Consultancy Services
II.2.2) Additional CPV code(s)
66519600
II.2.3) Place of performance
NUTS code:
UK
II.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).
II.2.5) Award criteria
Quality criterion: Customer Service
/ Weighting: 32
Quality criterion: Quality of Work (1)
/ Weighting: 14
Quality criterion: Quality of Work (2)
/ Weighting: 14
Quality criterion: Social Value
/ Weighting: 10
Quality criterion: Compliance with Tax
/ Weighting: Pass/Fail
Quality criterion: Insurance
/ Weighting: Pass/Fail
Quality criterion: Assurance Questionnaire
/ Weighting: Pass/Fail
Quality criterion: Lot 2 Rate Card
/ Weighting: 30
Quality criterion: Contractual Response
/ Weighting: Pass/Fail
Price
/ Weighting:
100
II.2.11) Information about options
Options:
No
II.2.13) Information about European Union funds
The procurement is related to a project and/or programme financed by European Union funds:
No
Section IV: Procedure
IV.1) Description
IV.1.1) Type of procedure
Open procedure
IV.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement
IV.1.8) Information about Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement:
Yes
IV.2) Administrative information
IV.2.1) Previous publication concerning this procedure
Notice number in the OJ S:
2023/S 000-017780
Section V: Award of contract
Lot No: 1 & 2
Contract No: ecm_3253
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
22/11/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Barnett Waddingham LLP
2 London Wall Place
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 1 & 2
Contract No: ecm_3255
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
23/11/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Capita Business Services Ltd
65 Gresham Street
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 1 & 2
Contract No: ecm_3256
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
22/11/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Isio Group Limited
10 Norwich Street
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 1 & 2
Contract No: ecm_3257
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
27/11/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Lane Clark and Peacock LLP
95 Wigmore Street
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 1 & 2
Contract No: ecm_3258
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
16/11/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Quantum Actuarial LLP
Cypress House Pascal Close St Mellons
Cardiff
UK
NUTS: UK
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 1 & 2
Contract No: ecm_3260
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
15/11/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Spence & Partners Limited
Linen Loft, 27-37 Adelaide Street
Belfast
UK
NUTS: UK
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 1 & 2
Contract No: ecm_3252
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
05/12/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Broadstone Pensions Limited
100 Wood Street
London
UK
NUTS: UK
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 1
Contract No: ecm_3245
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
21/11/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
First Actuarial LLP
Leeds
UK
NUTS: UK
The contractor is an SME:
Yes
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Contract No: ecm_3246
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
24/11/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Ernst & Young LLP
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Contract No: ecm_3248
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
01/12/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Government Actuary's Department
6th Floor, 10 South Colonnade
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Contract No: ecm_3249
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
15/11/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Grant Thornton UK LLP
30 Finsbury Square
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Contract No: ecm_3250
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
29/11/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
Hymans Robertson LLP
One London Wall
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Contract No: ecm_3254
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
30/11/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
PricewaterhouseCoopers LLP
1 Embankment Place
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section V: Award of contract
Lot No: 2
Contract No: ecm_3251
Title: Professional Services Framework (Admin, Actuarial, and Consultancy) 2023
A contract/lot is awarded:
Yes
V.2 Award of contract
V.2.1) Date of conclusion of the contract
06/12/2023
V.2.2) Information about tenders
Number of tenders received: 14
The contract has been awarded to a group of economic operators:
No
V.2.3) Name and address of the contractor
KPMG LLP
15 Canada Square
London
UK
NUTS: UK
The contractor is an SME:
No
V.2.4) Information on value of the contract/lot (excluding VAT)
Total value of the contract/lot:
: 50 000 000.00
GBP
V.2.5) Information about subcontracting
Section VI: Complementary information
VI.4) Procedures for review
VI.4.1) Review body
The Board of the Pension Protection Fund
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
UK
VI.5) Date of dispatch of this notice
21/12/2023