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

The procurement contact named on the official notice.

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.