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Cordoba Agreement Pension Scheme

2024-12-02

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英语 (English)

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Published date: 2 December 2024

Open opportunity - This means that the contract is currently active, and the buying department is looking for potential suppliers to fulfil the contract.

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Closing: 17 December 2024, 5pm

Contract summary

Industry

  • Pension fund management services - 66141000

  • Pension services - 66520000

  • Location of contract

    SW1A 2AH

    Value of contract

    £860,000

    Procurement reference

    tender_446728/1428876

    Published date

    2 December 2024

    Closing date

    17 December 2024

    Closing time

    5pm

    Contract start date

    1 August 2025

    Contract end date

    31 July 2029

    Contract type

    Service contract

    Procedure type

    Open procedure (above threshold)

    What is an open procedure (above threshold)?

    Any interested supplier may submit a tender in response to an opportunity notice.

    This procedure can be used for procurements above the relevant contract value threshold.

    Contract is suitable for SMEs?

    Yes

    Contract is suitable for VCSEs?

    No


    Description

    The FCDO also has responsibility for the payment of a pension related to overseas service agreements. There are currently approximately 678 monthly and 189 quarterly paid pensioners in receipt of this pension. This is a closed pension scheme, and the average age is around 91 years. The pensioner population is declining each year with a limited number of eligible widows. 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.


    How to apply

    Follow the instructions given in the description or the more information section.


    About the buyer

    Address

    Foreign Commonwealth and Development Office King Charles Street
    London
    SW1A 2AH
    England

    Email

    CPG.Enquiries@fcdo.gov.uk


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