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Secondary Pension Scheme - Pre-qualification process

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Tuesday 22 August 2017

The Committee for Employment and Social Security is pleased to publish an invitation for suppliers to participate in the second step of the procurement process for a Second Pillar Pension Scheme for Guernsey and Alderney.

This follows the initial Soft Market Test which was completed in July.

In February 2016, the States of Deliberation discussed an outline proposal from the then Social Security Department for an auto-enrolment Second Pillar pension scheme which will encourage people to make greater pension savings. The States approved the principles for the introduction of a Secondary Pension scheme. Detailed proposals are currently being developed and are likely to be brought before the States in 2018.

Deputy Michelle Le Clerc, President of the Committee for Employment & Social Security, said:

"Part of the detailed proposals will involve one or more providers delivering the different aspects of the Secondary Pension Scheme. The pre-qualification process is about the early due diligence of potential providers to ensure that any potential supplier(s) has the appropriate experience to provide the scheme on the scale expected. If accepted, they will then be invited to tender for the provision of the services later this year."

Interested suppliers should register on www.channelislandtenders.com, the online tender portal for the States of Guernsey and States of Jersey. The closing date for responses is Friday, 29 September.

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