Contracts
Pension Administrative Services
The Bank of England needs a supplier to administer its defined benefit pension scheme for employees. The contract runs for 6 years with a possible 5-year extension.
- Closes8 February 2027, 12 noon
- Published6 October 2026
- Value£11m
- BuyerBANK OF ENGLAND
- CategoryFinancial & insurance
- RegionLondon
You'll want to look if you provide pension administration services at scale and can handle complex defined benefit scheme operations
Might not suit a small firm
- the contract itself is a large one
Possible incumbent
XPS Pensions Consulting Limited won Pension Services from the Bank in January 2026. Inferred from prior awards to this buyer, not confirmed.