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Cordoba Agreement Pension Scheme

发布时间	所属地区	所属机构	语言
2024年12月02日	--	--	英语 (English) 中文

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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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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?

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.