W164568 Pensions Benchmarking Service 2025

Published date: 27 November 2024

Contract summary

Industry

Pension fund management services - 66141000

Insurance and pension services - 66500000

Pension services - 66520000

Location of contract

NE15 8NY

Procurement reference

CF-2723100D0O000000rwimUAA

Published date

27 November 2024

Closing date

6 January 2025

Contract type

Service contract

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

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Description

The NHS Pensions Service is a department under the NHSBSA. Its role is to centrally administer the NHS Pension Scheme on behalf of the Department of Health. The NHS Pension Scheme currently has over 1.6 million actively contributing members, 700,000+ deferred members, and pays pension benefits to 960,000+ recipients every month. The service collects monthly contributions and pays out pension benefits totaling £12.1 billion per year. The NHSBSA works with 10,000 different scheme employers who are responsible for local administration of the Scheme across England and Wales.

The NHS Pension Scheme has been a cornerstone of the NHS' reward package since its creation in 1948. In terms of membership, it is the largest centrally administered public service pension scheme in Europe.

For more information regarding the NHS Pensions department and the NHS Pension Scheme, please visit the following website: https://www.nhsbsa.nhs.uk/nhs-pensions.

The NHSBSA currently has a contract in place with CEM Benchmarking Inc. to provide a pension administration benchmarking service for a period of 12 months. This service will run from the 01 June 2024 to 31 May 2025. This service is used to benchmark the NHS pension scheme against other large public sector body pension schemes. This is to ensure value for money is being achieved by providing an understanding of the NHSBSA's operating costs and to improve its comparator score against other large public sector bodies.

The NHSBSA is looking to run an RFI to understand what services are available within the market as well as what routes to market are available for the service (e.g. frameworks). This is prepare the NHSBSA for an upcoming procurement in early to mid-2025.

About NHSBSA: The NHSBSA is a national organisation providing a broad range of business services that support the wider NHS.

Further information on our extensive service portfolio can be found at: https://www.nhsbsa.nhs.uk/about-us.

Further information related to the early market engagement activities and how to participate can be found in the Additional Information section of the Find a Tender Service Notice, which can be found here: https://www.find-tender.service.gov.uk/Notice/038267-2024

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More information

Attachments

W164568 Pensions Benchmarking Service 2025 RFI 2.pdf

W164568 Pensions Benchmarking Service 2025 RFI 2

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How to apply

Follow the instructions given in the description or the more information section.

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About the buyer

Contact name

Angela McQueen

Address

Goldcrest way
Newcastle Upon Tyne
ne15 8ny
United Kingdom

Email

angela.mcqueen@nhsbsa.nhs.uk

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