Cordoba Agreement Pension Scheme

A Contract Award Notice
by FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

Source
Find a Tender
Type
Contract (Services)
Duration
4 year (est.)
Value
£1M
Sector
BUSINESS
Published
03 Nov 2025
Delivery
01 Aug 2025 to 31 Jul 2029 (est.)
Deadline
n/a

Related Terms

Location

London

Geochart for 2 buyers and 1 suppliers

Description

The FCDO requires a supplier to provide administration and payment of pensions on behalf of the Overseas Pensions Department (OPD) to approximately 900 overseas pensioners currently entitled to life pensions, for the contract term. This is a bespoke pension scheme; and a working knowledge of the Gibraltar Pension Ordinances is essential. The administration of this pension scheme will require the supplier to engage with the Government of Gibraltar and maintain a strong working relationship to facilitate the sharing of critical information.

Total Quantity or Scope

The FCDO require the facility of a banking service to provide services in relation to the administration of this Cordoba scheme, and the disbursement of pension payments to pensioners covered by the ongoing Scheme Agreement.

Award Detail

1 Crown Agents Bank (London)
  • Cordoba Agreement Pension Scheme
  • Reference: ecm_7585
  • Num offers: 1
  • Value: £1,037,610

Award Criteria

Technical/Quality 70.0
Price 30.0

CPV Codes

  • 66520000 - Pension services

Indicators

  • Award on basis of price and quality.

Reference

  • FTS 070490-2025

Domains