GMC2199 Actuarial and administration services, investment services and employee advice
Estimated value
—
Awarded value
—
Suppliers
4
Lots
4
Published
06 Jan 2026
Description
The Trustees of the GMC Staff Superannuation Scheme are undertaking a re-tendering exercise of its services to ensure that it continues to receive a high-quality service and value for money on behalf of the Employer and Scheme membership. Accordingly, the Trustees are re-tendering services for the provision of: • Actuarial services • Administrative service • Investment advice service • Employer advice service (the GMC/Employer is tendering for these services, not the Pension Trustees
Scope
- Reference
- GMC2199
- Commercial tool
- Standalone contract
- Contract dates
- 05 Dec 2025 to 04 Dec 2030Possible extension to 04 Dec 2034
option to extend by two periods of twenty-four (24) months
- CPV classifications
- 66131100
- Contract locations
- UK, United Kingdom
- Particular suitability
- Small and medium-sized enterprises (SME)
Award criteria
Criteria the buyer will use to evaluate bids.
| Name | Description | Type | Weighting |
|---|---|---|---|
| Quality | quality 70% | quality | — |
| cost | cost 20% | cost | — |
| quality | quality 70% | quality | — |
| quality | 70% | quality | — |
| quality | quality 70% | quality | — |
Submission & procedure
- Procedure
- Open procedure
Award details· 4 awards
Awarded supplier(s), contract period and value as published in the award notice.
Awarded value
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Award date
—
Contract start
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Contract end
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Lots · 4 total
Divisions of the contract. Each lot can be awarded separately.
| Lot | Title | Est. value | Status |
|---|---|---|---|
| 1 | Lot 1 – Actuarial services for the GMC Staff Superannuation Scheme | £3.9m | complete |
| LOT2 | Lot 2 - Administration services for the GMC Staff Superannuation Scheme | £2.7m | complete |
| LOT3 | Lot 3 – Investment advice services for the GMC Staff Superannuation Scheme | £1.9m | complete |
| LOT4 | Lot 4 – Employer advice provision for the GMC (contract with Employer not the Trustees) | £750k | complete |