Pension Administrative Services
The contract covers pension administrative services for the Bank of England’s non-contributory defined benefit pension scheme, which forms part of the reward package provided to Bank employees. The Bank of England is the United Kingdom’s central bank and operates in the public financial and monetary policy sector. The appointed supplier will provide the administration capability and capacity specified in the Statement of Requirements, supporting the ongoing management and servicing of the pension scheme. The contract term is 6 years with an option for a further 5 years, and its estimated value is stated as £9 million to £14 million; the procurement notice also gives a figure of £11.2 million. Services will be delivered in the UK. The critical qualification requirement is that bidders must demonstrate the capability and capacity to deliver the required pension administration services for a defined benefit scheme.
Buyer: BANK OF ENGLAND. Source: Find a Tender. Updated 6 Oct 2026.
Key facts
- Estimated value: £11.2m
- Bids close: 8 Feb 2027
- Location: Camden and City of London
- Procedure: Competitive flexible procedure
- Contract period: 1 Aug 2027 to 31 Jul 2033
- Category: Pension fund management services (66141000)
From the official notice
As part of its overall reward package for Bank employees, the Bank offers a non-contributary defined benefit pension as a core benefit. The Bank is looking to appoint a supplier who has the capability and capacity to provide Pension Administrative Services. The exact supply detail is set out in the Statement of Requirements. The Term is 6 + 5 years. The value is estimated at £9M - £14M.
View the official notice
Questions about this tender
When is the deadline?
Bids close on 8 Feb 2027.
What is it worth?
The estimated value is £11.2m.
Who can apply?
Any supplier that meets the buyer's requirements can apply. Check the official notice for conditions.
How do I bid?
Open the official notice, register on the buyer's portal and submit your bid before the deadline.
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