Contract award · 1 Apr 2025

Restructuring and Pre-Insolvency Services (RPIS) Framework

Pension Protection Fund awarded “Restructuring and…” to Bdo LLP, RSM UK Restructuring Advisory LLP, Teneo Financial Advisory Limited for £9.12m.

Financial & insurance servicesLondon

Value across 11 lots £9.12m

Open competition

Open procedure: the contract was advertised and any supplier could submit a bid.

Key facts

Buyer
Pension Protection Fund · Body governed by public law
Value
£9,120,000 across 11 lots
Procedure
Open procedure
Sector
Financial & insurance services · Pension services (CPV 66520000)
Region
London
Timeline
  1. Contract date1 Apr 2025
  2. Published4 Jun 2025Published 64 days after the contract date

Description

Services include: - Evaluating employer financial strength - Assessing options to include both solvent/consensual restructuring options as well as relevant formal insolvency processes - Advising scheme trustees on appropriate and proportionate ongoing monitoring of the sponsor covenant

Lots in this award

LotSupplierValue
Restructuring and Pre-Insolvency Services (RPIS) FrameworkBdo LLP£2.4m
Restructuring and Pre-Insolvency Services (RPIS) FrameworkRSM UK Restructuring Advisory LLP£240k
Restructuring and Pre-Insolvency Services (RPIS) FrameworkTeneo Financial Advisory Limited£240k
Restructuring and Pre-Insolvency Services (RPIS) FrameworkEvelyn Partners LLP SME£2.4m
Restructuring and Pre-Insolvency Services (RPIS) FrameworkGrant Thornton UK Advisory & Tax LLP£2.4m
Restructuring and Pre-Insolvency Services (RPIS) FrameworkInterpath Ltd£240k
Restructuring and Pre-Insolvency Services (RPIS) FrameworkIsio Group Limited£240k
Restructuring and Pre-Insolvency Services (RPIS) FrameworkLane, Clark and Peacock LLP SME£240k
Restructuring and Pre-Insolvency Services (RPIS) FrameworkMenzies LLP£240k
Restructuring and Pre-Insolvency Services (RPIS) FrameworkMercer£240k
Restructuring and Pre-Insolvency Services (RPIS) FrameworkPWC£240k

About the suppliers

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