Contract award · 20 Jan 2021
Administration of the Civil Service Pensions Schemes
The Minister for the Cabinet Office acting through Crown Commercial Service awarded “Administration of the Civil Service Pensions Schemes” to MyCSP Limited for £44.8m on 20 Jan 2021. Awarded without open competition.
No competition- Buyer
- The Minister for the Cabinet Office acting through Crown Commercial Service · Ministry or any other national or federal authority, including their regional or local subdivisions
- Supplier
- MyCSP Limited
- Value
- £44,762,364
- Contract date
- 20 Jan 2021
- Published
- 27 Jan 2021
- Procedure
- Award procedure without prior publication of a call for competition
- Sector
- Financial & insurance services · Pension fund administration services (CPV 66523100)
- Region
- North West
- Official notice
- 001698-2021 on Find a Tender
Awarded without open competition. The buyer went directly to one or a few suppliers instead of advertising the contract. Procurement rules allow this only in specific cases, such as extreme urgency, when only one supplier can do the work, or for call-offs from an existing framework.
Description
Cabinet Office is responsible for the management of the Civil Service Pension Scheme (CSPS) and the Royal Mail Statutory Pension Scheme (RMSPS) - the third and sixth largest pension schemes in the UK respectively. The CSPS is currently administered under contract by MyCSP Ltd and the contract is due to expire on 31 December 2021. Additional work has become necessary between early 2021 and mid 2023 In order to allow the contracting authority to meet its obligations in response to the McCloud judgment on the transitional protection elements of the 2015 public sector pension scheme reforms. This cannot be carried out by an alternative provider for economic and technical reasons without causing significant inconvenience or substantial duplication of costs for the contracting authority. Accordingly, the contracting authority has entered into an agreement with MyCSP to extend the contract by two years. The RMSPS is currently administered under a separate contract with Capita, which expires in September 2023. Additional information: Cabinet Office expects to run a single procurement for both schemes. An advert will be published in Q2 of 2021 with contract award in 2022. To inform the procurement, Cabinet Office is undertaking pre-market engagement and would welcome views from suppliers on: Delivery Model, Service Transformation, Transition, Technology, Commercial models and risk appetite.
About the supplier
- MyCSP Limited: every public contract they have won.