Pension Administrative Services

Buyer

BANK OF ENGLAND

Value

£11,200,000

Closes

8 February 2027

Where

London

Type

Open tender

In plain English

The Bank of England needs a pension administrator to manage its defined benefit pension scheme for employees. This is a large contract to handle pension records, payments, member communications, and related admin services over 11 years (6 years initially, then 5 years extended).

What the buyer wants

• Manage pension member records and data for a large defined benefit scheme • Process pension payments and benefit calculations • Provide member services, communications and support • Handle scheme administration in full compliance with pensions law and regulations

Likely requirements

Our reading of the notice. Always check the tender documents.

This contract is only open to large specialist pension administration firms with proven experience managing defined benefit schemes for major employers. Small businesses without dedicated pensions admin software, regulatory credentials, and track record managing schemes of this size will not be able to compete.

How to bid

This is an open tender: any eligible business can respond directly to the buyer by the deadline, with no framework membership needed.

How to write a tender response

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