Summary
Machine-generated summaryThe Bank offers employees a non-contributory defined benefit pension as a core benefit and is seeking a supplier with the capability and capacity to provide pension administrative services. Full supply details are set out in the Statement of Requirements. The contract term is 6 years with an option to extend by 5 years, with an estimated value of £9M to £14M.
Description
Bid or no-bid?
Six questions before you commit a team. Under each one, what the register holds on it. The answers are yours.
Can I bid?
- Open procedure: any interested supplier may submit a bid.
- Documents in English.
Official source
Source: Find a Tender Service (UK Cabinet Office / Crown Commercial Service)
Always verify details on the official notice.
Report an error in this notice
Last verified against Find a Tender Service (UK Cabinet Office / Crown Commercial Service) 2 days ago
What this market pays
The buyer has too few awards of its own in this sector, so this is the range of the last 151 awards for Financial & insurance services in United Kingdom.
- This notice
- €13.2M
- Median award
- €144,578
- Middle half of past awards
- €64,076 to €422,265
The estimate is larger than three in four past awards.
Award values as published by the official sources. Use them as a guide, not a rule: scope, lots and duration differ between contracts.
The buyer
Full buyer profileBank of England
- notices in the register
- 45
- awards
- 26
- awarded in total
- €1.0B
Who wins its contracts
Many suppliers- different companies won its awards
- 21
- of the awards went to the three most frequent winners
- 25%
- of its calls state an estimated value
- 92%
Based on 24 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.
One dot per award, on the day it was signed, sized by its value. A ring is an award with no published value.
This buyer has no award history in this sector yet. Usual winners, Financial & insurance services - United Kingdom
| Company | Wins | Total awarded | Last win |
|---|---|---|---|
| Arthur J. Gallagher Insurance Brokers Ltd | 14 | €3.2M | Oct 2026 |
| ALLPAY LIMITED | 11 | €6.9M | Sep 2026 |
| HYMANS ROBERTSON LLP | 4 | €1.4M | Jun 2026 |
| ARLINGCLOSE LIMITED | 4 | €392,333 | Aug 2026 |
| Northern Trust | 3 | €7.6M | Apr 2026 |
Based on 183 awards with a linked company profile over the last 2 years.
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Market context
Larger than 93% of the open notices in Financial & insurance services across Europe.
- open now in Financial & insurance services
- 3,464
- median open notice
- €433,000
Who wins in this market
Many suppliersUnited Kingdom · Financial & insurance services
- different companies won awards here
- 122
- of the awards went to the three most frequent winners
- 16%
- buyers awarded contracts here
- 116
Based on 183 awards with a named winner over the last 3 years. Counted by award, not by value, because lot and framework amounts are not comparable. Concentrated means the three most frequent winners took 65% or more of the awards; many suppliers, under 35% with at least ten different winners.
Similar tenders
Open now
32
days left
€7,674,325
est. value
Awarded before
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