Pension Administration Service

Bank of England
London
Open procedure
1 August 2027 to 31 July 2033

Ongoing administration for a non-contributory defined benefit pension provided as a core employee benefit. Detailed service requirements are set out in a separate Statement of Requirements; member volumes, systems and specific administration tasks are not stated in this notice.

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Closes in 95 days· 8 February 2027

Estimated value: £11.2m; Buyer estimate
Published: 4 March 2026
Deadline: 8 February 2027; 95 days left
Contract length: 72 months; Ends 31 July 2033

What the contract covers

Services contract

Administration of defined benefit pension schemes, including member records, benefit processing and ongoing scheme administration for employers.

Provision of high-quality Defined Benefit pensions administration and pension payroll services for the Bank of England Pension Fund (the Fund)

Terms and requirements

Contract type: Services contract
Procedure: Open procedure
Initial term: 72 months
Extensions: 60 months
Longest it can run: 132 months
Contract dates: 1 August 2027 to 31 July 2033
Certifications asked for: None stated
Lots: 1
Suitable for SMEs: Not stated
Category: Services
CPV codes: 66141000, 66523100

Services in this tender

Pension scheme administrationMain service£275k typicalDefined benefit pension administration and pension payroll for Bank of England Fund

Lifecycle

Published
4 March 2026
Deadline for bids95 days left
8 February 2027
Contract awardedUsually published within a few months
Contract starts
1 August 2027

The buyer

Bank of England

Type: Locked
Contracts, 24 months: Locked
Recorded value: Locked
Typical contract: Locked
Open pension administration tenders: Locked

Buys most

Contact details

Email: Locked
Address: Locked

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Cite this tender

Link: https://bidskim.com/tender/352487/pension-administration-service
Buyer reference: PROC/606
Open contracting ID: ocds-h6vhtk-066245
Last checked: 5 November 2026

Bank of England. Pension Administration Service. Tender, 4 March 2026. BidSkim, https://bidskim.com/tender/352487/pension-administration-service (accessed 5 November 2026).