Trustee Services Panel

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Title Trustee Services Panel
FTS UK (Find A Tender Serive) FTS/005990-2025
Type Contract awards
Date Published 2025-02-19
Deadline
Nature Of Contract Service contract
Awarding Authority Pension Protection Fund
Procedure Open procedure

Description :
Section I: Contracting authority

I.1) Name and addresses
Pension Protection Fund
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
Email: commercialservices@ppf.co.uk
Telephone: +44 8456002541
Country: United Kingdom
Region code
UK - United Kingdom
Internet address(es)
Main address: https://ppf.co.uk/

I.4) Type of the contracting authority
Body governed by public law

I.5) Main activity: Economic and financial affairs

Section II: Object

II.1) Scope of the procurement

II.1.1) Title: Trustee Services Panel

II.1.2) Main CPV code
66520000 - Pension services

II.1.3) Type of contract: Services

II.1.4) Short description
The Board of the Pension Protection Fund has established a new Framework of specialist firms to provide trustee and pre-insolvency services to pension schemes prior to, and during, the PPF Assessment Period.

II.1.6) Information about lots
This contract is divided into lots: No

II.1.7) Total value of the procurement (excluding VAT)
Value excluding VAT: 36,000,000

II.2) Description

II.2.3) Place of performance
NUTS codes
UK - United Kingdom

II.2.4) Description of the procurement: The Board of the Pension Protection Fund has established a new Framework of specialist firms to provide trustee and pre-insolvency services to pension schemes prior to, and during, the PPF Assessment Period.
The contract will be for an initial term of two years with two optional one-year extensions to take the maximum possible term to four years (2+1+1).
The estimate value of call-off contracts awarded via this framework's full potential four-year term is 36,000,000 + VAT (43,200,000 inc. VAT).

II.2.5) Award criteria
Quality criterion - Name: Customer Service Quality / Weighting: 30
Quality criterion - Name: Capacity / Weighting: 20
Quality criterion - Name: Quality Standards / Weighting: 20
Quality criterion - Name: Continuous Improvement / Weighting: 20
Quality criterion - Name: Social Value / Weighting: 10
Price - Weighting: 100

II.2.11) Information about options
Options: No

II.2.13) Information about European Union Funds
The procurement is related to a project and/or programme financed by European Union funds: No

Section IV. Procedure

IV.1) Description

IV.1.1) Type of procedure: Open procedure

IV.1.3) Information about a framework agreement or a dynamic purchasing system
The procurement involves the establishment of a framework agreement

IV.1.8) Information about the Government Procurement Agreement (GPA)
The procurement is covered by the Government Procurement Agreement: Yes

IV.2) Administrative information

IV.2.1) Previous publication concerning this procedure
Notice number: 2024/S 000-031191

Section V. Award of contract

Contract No: 1
Title: Trustee Services Panel
A contract/lot is awarded: Yes

V.2) Award of contract

V.2.1) Date of conclusion of the contract
14 February 2025

V.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor
Dalriada Trustees Limited
Linen Loft, 27-37 Adelaide Street
Belfast
BT2 8FE
Country: United Kingdom
NUTS code
UKN - Northern Ireland
The contractor is an SME: Yes

V.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: 36,000,000

Section V. Award of contract

Contract No: 2
Title: Trustee Services Panel
A contract/lot is awarded: Yes

V.2) Award of contract

V.2.1) Date of conclusion of the contract
11 February 2025

V.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor
Ross Trustees Services Limited
Westgate House, 9 Holborn
London
EC1N 2LL
Country: United Kingdom
NUTS code
UK - United Kingdom
The contractor is an SME: Yes

V.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: 36,000,000

Section V. Award of contract

Contract No: 3
Title: Trustee Services Panel
A contract/lot is awarded: Yes

V.2) Award of contract

V.2.1) Date of conclusion of the contract
11 February 2025

V.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor
Open Trustees Limited
5th Floor, Halo, Counterslip
Bristol
BS1 6AJ
Country: United Kingdom
NUTS code
UK - United Kingdom
The contractor is an SME: Yes

V.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: 36,000,000

Section V. Award of contract

Contract No: 4
Title: Trustee Services Panel
A contract/lot is awarded: Yes

V.2) Award of contract

V.2.1) Date of conclusion of the contract
11 February 2025

V.2.2) Information about tenders
Number of tenders received: 4
The contract has been awarded to a group of economic operators: No

V.2.3) Name and address of the contractor
Vidett Trustee Services Limited
3rd Floor Forbury Works, 37-43 Blagrave Stree
Reading
Country: United Kingdom
NUTS code
UK - United Kingdom
The contractor is an SME: Yes

V.2.4) Information on value of contract/lot (excluding VAT)
Total value of the contract/lot: 36,000,000

Section VI. Complementary information

VI.4) Procedures for review

VI.4.1) Review body
The Pension Protection Fund
Renaissance, 12 Dingwall Road
Croydon
CR0 2NA
Country: United Kingdom

CPV Codes
66520000

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