Future administration of the Civil Service Pension Scheme

Tender description

Procurement for provision of pension administration services for the Civil Service Pension Scheme ("CSPS"). This scheme is managed by the Authority. The current contract expires on 31 December 2021. The Authority's aim is to transform the CSPS into the best administered, best managed and best value public sector pension scheme in the United Kingdom (UK). The Authority is therefore looking for proposals to respond to this significant pension administration services opportunity. This procurement is solely for the administration services of the CSPS and associated schemes as referred to in para II.2.4 below. The successful supplier will be expected to work with the Authority in its role as Scheme Manager, as well as with all current and potential employers (of whom there are currently around 350) covered by the scheme. The successful supplier will deliver a transformed service to the 1.5 million CSPS members. The CSPS is currently the 3rd largest public sector pension scheme in the UK.