Pension Administrative Services

What the buyer is asking for

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.

How this is scored

Published by the buyer. A winning response is written to these weightings, not to the question.

• 65%qualityQuality
• 30%pricePrice
• 5%qualitySocial Value

What you must already have

Conditions of participation. These are pass or fail, so check them before writing anything.

• economic

  Financial Capacity: Suppliers would be asked to demonstrate financial stability and capacity to fulfil the contract. 

• technical

  The Bank will assess PSQ Responses to confirm compliance with the Conditions of Participation, including financial capacity, legal and contractual capability, cyber, privacy and technical ability requirements. The Bank will also verify that Potential Suppliers, Associated Persons and Intended Sub-Contractors are not subject to debarment, exclusion or discretionary exclusion grounds. All Conditions of Participation will be assessed against the applicable minimum requirements, with non-compliant submissions excluded from further participation. For compliant submissions, the scored technical ability criteria set out in PSQ questions will be evaluated and moderated by the Bank to establish the ranking of Potential Suppliers. These technical ability questions are the sole scored element of the PSQ stage and will be used to determine progression to the next stage of the procurement process.

How contested is this?

Buyers publish how many bids they received. Across 81 comparable procurements we can tell you the typical field size, how often one of these goes uncontested, and whether the buyer awards on price or on quality.

Timeline

4 published dates · Europe/London

1. Tender notice publishedyesterday

   6 Oct 2026, 15:30 BST
2. Clarification questions byin 100 days

   15 Jan 2027, 12:00 GMT
3. Submission deadlinein 124 days

   8 Feb 2027, 12:00 GMT
4. Award decision expected byin 268 days

   1 Jul 2027, 23:59 BST

Commercial outcome and contract awards

Nothing awarded yet

Notice history

2 events · 2 releases on Find a Tender

1. Pipeline or early engagement notice4 Mar 2026, 14:54 GMT019557-2026
2. Tender notice6 Oct 2026, 15:30 BST094375-2026

Documents

• Tender notice on Find a Tender