RFP QuestBeta
Awarded · ResultStage · contract

Crown Commercial Service

Administration of the Civil Service Pension Scheme (CSPS) and Royal Mail Statutory Pension Scheme (RMSPS) administration services

Financial ServicesCPV 66520000 75100000
Value£262.0m
Awarded17 Mar 2022
Published15 Dec 2023
RegionLondon
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£262.0mtotal contract value
median £150k
this tender£0£283.0m

This is a large award for Financial & Insurance Services — above three-quarters of comparable contracts. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

The Authority required the provision of administration services for the CSPS, which included the Principal Civil Service Pension Scheme, the Civil Service and Others Pension Scheme, the Civil Service Compensation Scheme and the Civil Service Injury Benefits Schemes.

The CSPS is the 3rd largest UK occupational pension scheme with approximately 1.6 million members and 300+ employers.

The pension administration services required include the following: Finance, accounting and taxation services administration services employer-related services including: the collection of data and contributions and maintaining accurate and clean data communications, including digital the provision of a portal maintenance of a comprehensive database of members records which complies with relevant legislation and regulatory requirements Provision of calculations and information for annual resource accounts remuneration reports member-related services, including: the provision of a member portal and self service capability the accurate and timely calculation of pension awards provision of options and benefits calculations resulting from McCloud judgment member communications (including digital communications, managing and operating a helpline and website, issuing annual benefits and pension saving statements, life time allowance statements, annual pension increase communications, scheme newsletters and leaflets) liaison with any scheme medical advisor that may be appointed by the Authority. pension payroll services (bulk and individual payroll services) and pensioner existence checking services related to the Civil Service Compensation Scheme and the Civil Service Injury Benefit Scheme reporting, including management information and provision of data, information and scheme returns to regulators and other bodies as needed

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Source & provenance
OCID
f91f69a7-6120-4918-8220-2757e7e51ded
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
CSPS Lot 1
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

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