W164568 Pensions Benchmarking Service 2025

Description

Request for information to identify pensions benchmarking services Lot 1: The NHS Pensions Service is a department under the NHSBSA. Its role is to centrally administer the NHS Pension Scheme on behalf of the Department of Health. The NHS Pension Scheme currently has over 1.6 million actively contributing members, 700,000+ deferred members, and pays pension benefits to 960,000+ recipients every month. The service collects monthly contributions and pays out pension benefits totaling £12.1 billion per year. The NHSBSA works with 10,000 different scheme employers who are responsible for local administration of the Scheme across England and Wales.<br/><br/>The NHS Pension Scheme has been a cornerstone of the NHS’ reward package since its creation in 1948. In terms of membership, it is the largest centrally administered public service pension scheme in Europe.<br/><br/>For more information regarding the NHS Pensions department and the NHS Pension Scheme, please visit the following website: https://www.nhsbsa.nhs.uk/nhs-pensions.<br/><br/>The NHSBSA currently has a contract in place with CEM Benchmarking Inc. to provide a pension administration benchmarking service for a period of 12 months. This service will run from the 01 June 2024 to 31 May 2025. This service is used to benchmark the NHS pension scheme against other large public sector body pension schemes. This is to ensure value for money is being achieved by providing an understanding of the NHSBSA’s operating costs and to improve its comparator score against other large public sector bodies.<br/><br/>The NHSBSA is looking to run an RFI to understand what services are available within the market as well as what routes to market are available for the service (e.g. frameworks). This is prepare the NHSBSA for an upcoming procurement in early to mid-2025.<br/><br/>About NHSBSA: The NHSBSA is a national organisation providing a broad range of business services that support the wider NHS.<br/><br/>Further information on our extensive service portfolio can be found at: https://www.nhsbsa.nhs.uk/about-us. Additional information: How to Participate<br/>• Submissions must be via Atamis (https://atamis-1928.my.site.com/s/Welcome). Any questions can be submitted via the ‘Message Centre’.<br/>• Provide a response to each of the questions detailed in Appendix 1 (Questions).<br/>• This should be in the format of concise written responses and any other information that you feel may be useful to us.<br/>• We do not intend for this RFI exercise to be too onerous to respond to. Hence, the amount of information you wish to provide is left to your discretion.<br/>• We may seek further clarification on your RFI response which will be communicated via the Atamis ‘Message Centre’.<br/>• The output from this RFI will be used to inform our future sourcing strategy.<br/>• The deadline for responses is 6th January 2025.