Open tenders / Legal, finance & audit
Open tender · Notice 094375-2026
Pension Administrative Services
- Value
- £11.2m
- Closes
- 8 Feb 2027 (116 days)
- Where
- UK-wide
- Lots
- 1
- Suitable for SMEs
- Not stated
- Contract
- 1 Aug 2027 – 31 Jul 2033
In plain English
The Bank of England wants to appoint a supplier to run the administration of its non-contributory defined benefit pension scheme for Bank employees. The contract runs from 1 August 2027 to 31 July 2033, with an option to extend, and is estimated at £11,200,000.
Good fit for: Established pension administration firms with experience running defined benefit schemes for large employers.
Written with AI from the official notice. Check the notice before relying on it.
What the buyer says
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.
Procedure: Competitive flexible procedure (Flexible: the buyer sets the stages, often a shortlist first, then bids). Published 6 Oct 2026.
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