Pension Administrative Services
Details
- Buyer
- Bank of England
- Value
- £11,200,000
- Topic
- Pension fund management services
- Published
- 6 October 2026
- Submission
- 8 February 2027in 3 months
- Source
- uk:find_a_tender
Tender description
As part of its overall reward package for Bank employees, the Bank offers a non-contributary defined benefit pension as a core benefit. The Bank is looking to appoint a supplier who has the capability and capacity to provide Pension Administrative Services. The exact supply detail is set out in the Statement of Requirements. The Term is 6 + 5 years. The value is estimated at £9M - £14M.
Timeline
- Completed: Tender published6 October 2026Current notice
- Next: Submission date8 February 2027in 3 months
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About the buyer
The Bank of England is the UK's central bank, and it buys as a Sub-Central Contracting Authority under the Procurement Act 2023. The Bank's Commercial Division runs the tendering process and scores bids against published selection criteria. An evaluation panel made up of Bank officers then assesses full tender submissions against the stated award criteria.
Over the past 5 years, most of Bank of England's contract awards have been in IT services, software and information systems and business services.
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