PPF selects nine specialist service providers

The Pension Protection Fund (PPF) has announced the procurement of nine specialist firms to a new framework agreement that will provide services to its board.

The selection follows a three-month procurement period, during which the firms were required to submit their bids.

The selected firms will be given tasks such as collection and analysis of data, administration, actuarial and payroll functions, actuarial advice, specialist projects support and consultancy support and services.

Depending on the nature of their work, the selected firms have been appointed to either Lot 1, Lot 2 or both.

Broadstone Corporate Benefits Limited are in Lot 1, which is primarily for services to the board where administration and actuarial services, and pensions consultancy, may be required at the same time.

Lot 2, which features Government’s Actuary Department and Hymans Robertson, is aimed at firms with specialist actuarial capabilities who have experience in either the pensions or insurance industries.

These firms will provide broader but more specified actuarial consultancy services, as part of a pool of suppliers capable of delivering any specific call-off contract we award.

The firms in both Lot 1 and Lot 2 are Barnett Waddingham, Deloitte, Mercer, XPS Pensions Consulting, Quattro and Spence & Partners.

Commenting on the appointments, the PPF said: “The companies will be required to perform all services in line with PPF standards of professionalism and PPF’s ICARE values. The work is expected to be ‘right first time’ to the board’s satisfaction and in accordance with the framework agreement and call-off contract.”

    Share Story:

Recent Stories

Responsible investing
Laura Blows speaks to Standard Life head of investment solutions, Gareth Trainor, about the latest responsible investment trends and developments for providers, pension schemes and their members

ESG and member engagement
Laura Blows speaks to Legal &General Investment Management head of DC, Emma Douglas, and Nest Insight Director of Research and Innovation, Jo Phillips, about member attitudes towards ESG and how this may impact upon pension fund investments

Sovereign bonds and climate change considerations
In Pensions Age's latest podcast, Laura Blows is joined by Hilary Norris, Product Manager, Sustainable Investment, EMEA, FTSE Russell, to discuss sovereign bonds and climate change considerations

Climate Investing
Laura Blows speaks to Aled Jones, Head of Sustainable Investing for Europe at FTSE Russell, and Adam Matthews, Director of Ethics and Engagement for the Church of England Pensions Board, about the role of climate investing within a pension fund portfolio.

Managing volatility
In the latest Pensions Age podcast, Laura Blows speaks to Cambridge Associates head of European pension practice, Alex Koriath, about the Covid-related market volatility and how pension funds can prepare for the challenges ahead