Contract award · 10 Apr 2025

Cordoba Agreement Pension Scheme

Foreign Commonwealth and Development Office awarded “Cordoba Agreement Pension Scheme” to Crown Agents Bank for £1.04m on 10 Apr 2025.

Financial & insurance servicesLondon

Open competition

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

Key facts

Buyer
Foreign Commonwealth and Development Office · Ministry or any other national or federal authority, including their regional or local subdivisions
Supplier
Crown Agents Bank SME
Value
£1,037,610
Procedure
Open procedure (above threshold)
Sector
Financial & insurance services · Pension services (CPV 66520000)
Region
London
Timeline
  1. Contract date10 Apr 2025
  2. Published3 Nov 2025Published 207 days after the contract date

Description

The FCDO requires a supplier to provide administration and payment of pensions on behalf of the Overseas Pensions Department (OPD) to approximately 900 overseas pensioners currently entitled to life pensions, for the contract term. This is a bespoke pension scheme; and a working knowledge of the Gibraltar Pension Ordinances is essential. The administration of this pension scheme will require the supplier to engage with the Government of Gibraltar and maintain a strong working relationship to facilitate the sharing of critical information.

About the supplier

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