Pension Protection Fund, Croydon, England, is seeking actuaries and pension consultants, according to a notice on European procurement website Tenders Electronic Daily.
Seeking a new pool of firms to provide administration, actuarial and consultancy services, the £32 billion ($38.9 billion) lifeboat fund for the defined benefit funds of insolvent U.K. companies will appoint between 10 and 15 firms.
The £5.7 billion multiemployer National Employment Savings Trust, London, may also choose providers via this framework, the notice said.
The framework agreement will be awarded for an initial period of two years with an option to extend it up to four years.
Submissions should be sent by noon British Summer Time on Oct. 2.
A PPF spokesman could not be reached to provide additional details.