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Pension Administrative Services

Bank Of England

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Confirmed tender
services

Key details

Contracting authority
Bank Of England
Public authority - central government
Region
London
Delivery: United Kingdom, United Kingdom
Contract value
£11,200,000ex VAT
£14,000,000 inc VAT
Deadline
8 February 2027
Enquiry deadline
15 January 2027(questions / clarifications)
Award decision
1 July 2027(estimated)
Published
6 October 2026

Procurement

Contract period
1 August 2027 - 31 July 2033
6 years
Possible extension to 31 July 2038 · 10 years, 11 months in total
Extension terms: The contract will be awarded for an initial term of six (6) years, with the option for the Bank to extend for a further period of up to five (5) years, exercisable at the Bank's discretion and subject to ongoing business requirements and satisfactory performance.
Procedure type
Competitive flexible procedure
CPV classifications
  • 66141000 Pension fund management services
  • 66523100 Pension fund administration services

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Description

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 to engage

A Request for Information ( RFI) questionnaire to be issued 04 March 2026 with a response window to close 23 March 2026 at 12 noon. To express an interest, register for free on the Bank's e-procurement portal Proactis: https://supplierlive.proactisp2p.com/Account/Login Upon registration, the Request For Information Questionnaire can be found under the following project: RFX REQ/1000380 - Pension Administration Service 2026 - Preliminary Market Engagement. Suppliers are further invited to attend an online supplier engagement session on 19 March 2026 at 11am. Interested parties are to register their interest at [email protected] by 12 noon 13 March 2026. Following the supplier engagement session, the Bank may engage in a series of dialogues either one to one meetings or further group sessions with suppliers. Key information from these sessions will be made available to all bidders during the tender stage.

Contact

Address
Threadneedle Street, London, EC2R 8AH

Bid documents

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Identifiers

Buyer reference
PROC/606
Notice ID
094375-2026
OCID
ocds-h6vhtk-066245
Companies House
PPON
PRDB-1113-HPPT

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External ID: fts-ocds-h6vhtk-066245 • Added 6 August 2026