Open87 days left · closes midday, Monday 8 February 2027

Pension Administrative Services

Bank of England · Central government

In brief

Bank of England is looking for suppliers for financial services work (UK-wide).

The estimated value is £11,200,000 excluding VAT.

The contract runs for 6 years, up to 11 years with extensions, starting 1 August 2027.

Bids close at midday, Monday 8 February 2027.

Built from the notice's own fields. Always check the official notice before you bid.

Can I win this?

Key dates

Questions by: midday, Friday 15 January 2027
Bids by: midday, Monday 8 February 2027

How bids are scored

Quality 65% · Price 30% · Social Value 5%

Quality matters most. You can win without being the cheapest.

Competition

Typical: a median of 4 bids per contract for this buyer (from 5 awards in the last 12 months).

What the notice says

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.

Should I bid?

Tick what applies to you. Nothing is saved.

Can you prepare a good bid in 87 days?Leave time for clarification questions and sign-off.
Is a contract of about £11,200,000 a size you can deliver?Buyers often check that your turnover is comfortably larger than the yearly contract value.
Can you deliver in locations across the UK?Check the delivery locations in the tender documents.
Are you registered on the Central Digital Platform?You need to be registered to take part under the Procurement Act 2023.

How to bid

Read the full notice on Find a Tender, including any tender documents it links to.
Register your organisation on the Central Digital Platform (through Find a Tender) if you have not already. Suppliers need to be registered to take part in procurements under the Procurement Act 2023.
Submit your bid through the buyer's e-tendering portal: www.bankofengland.co.uk.
Send clarification questions before midday, Friday 15 January 2027.
Make sure your bid arrives before midday, Monday 8 February 2027. Late bids are usually rejected.

Timeline

4 March 2026Preliminary market engagement notice · UK2, notice 019557-2026
6 October 2026Tender notice · UK4, notice 094375-2026

About the buyer

Bank of EnglandLast 12 months

Procurements

147

Awards

108

Suppliers it has used most for financial services

Moody's Analytics UK Limited1 contract
Msci Limited1 contract
Natwest Group plc1 contract
New Change Currency Consultants LTD1 contract

All tenders and awards from Bank of England

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From notice 019557-2026 on Find a Tender, first published 4 March 2026, last updated 6 October 2026. We last checked for changes on 6 October 2026.