PROJ10136 Agreement for Services in Respect of Overseas Pension Scheme

DFID is seeking a supplier registered with the Financial Conduct Authority (FCA) to manage and disburse pension payments (valued up to £8.2 million) to be disbursed over two years to pensioners covered by overseas services agreements. There are currently 1,273 monthly and 423 quarterly paid pensioners in receipt of this pension. There are no new pensioners joining this scheme and the average age is around 87 years. The pensioner population is declining each year.