Administration of the Civil Service Pension Scheme (CSPS) and Royal Mail Statutory Pension Scheme (RMSPS) administration services

Crown Commercial ServicecontractContracts FinderRef CSPS Lot 1complete
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Estimated value

£239.0m

Awarded value

£262.0m

Awarded 17 Nov 2023

Suppliers

1

Lots

1

1 awarded

Published

15 Dec 2023

Deadline 17 Mar 2022

Description

The Authority required the provision of administration services for the CSPS, which included the Principal Civil Service Pension Scheme, the Civil Service and Others Pension Scheme, the Civil Service Compensation Scheme and the Civil Service Injury Benefits Schemes. The CSPS is the 3rd largest UK occupational pension scheme with approximately 1.6 million members and 300+ employers. The pension administration services required include the following: Finance, accounting and taxation services administration services employer-related services including: the collection of data and contributions and maintaining accurate and clean data communications, including digital the provision of a portal maintenance of a comprehensive database of members records which complies with relevant legislation and regulatory requirements Provision of calculations and information for annual resource accounts remuneration reports member-related services, including: the provision of a member portal and self service capability the accurate and timely calculation of pension awards provision of options and benefits calculations resulting from McCloud judgment member communications (including digital communications, managing and operating a helpline and website, issuing annual benefits and pension saving statements, life time allowance statements, annual pension increase communications, scheme newsletters and leaflets) liaison with any scheme medical advisor that may be appointed by the Authority. pension payroll services (bulk and individual payroll services) and pensioner existence checking services related to the Civil Service Compensation Scheme and the Civil Service Injury Benefit Scheme reporting, including management information and provision of data, information and scheme returns to regulators and other bodies as needed

Scope

Reference
CSPS Lot 1
Total value
£239,000,000 excluding VAT
Commercial tool
Standalone contract
Contract dates
17 Nov 2023 to 16 Nov 2035
CPV classifications
66520000 75100000

Submission & procedure

Submission deadline
17 Mar 2022, 12:00 pm

Award details

Awarded supplier(s), contract period and value as published in the award notice.

Awarded value

£262.0m

Award date

17 Nov 2023

Contract start

17 Nov 2023

Contract end

16 Nov 2035