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

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.