UK - ATP is among a shortlist of four potential suppliers of scheme administration services for the new system of personal accounts.
The Personal Accounts Delivery Authority (PADA) started its procurement process for personal accounts in January with a tender notice for a scheme administrator, and it was believed the contract would be the "largest and most complex of the procurements associated with bringing personal accounts alive". (See earlier IPE article: PADA targets admin in first tender)
Following the completion of the first phase of the procurement - the completion of a Pre-Qualified Questionnaire (PQQ) - PADA has now published the shortlist of suppliers that have been invited to engage in the next stage of "competitive dialogue".
The shortlisted suppliers are:
PADA confirmed the competitive dialogue process "will last a number of months and we do not expect to sign a contract with the successful bidder until June 2010".
The publication of the shortlist of suppliers follows comments by Tim Jones, chief executive of PADA, last week when he revealed the first wave of personal accounts are targeted for release in the second quarter of 2011. (See earlier IPE article: Personal accounts to 'soft launch' in 2011)
At the time, Jones confirmed PADA had been in discussions with the prospective administrators of the scheme to see if the early implementation was achievable, stating "the suppliers providing the administration services are all seasoned players. We've spoken with all of them about whether it's credible and they agree it is".
If you have any comments you would like to add to this or any other story, contact Nyree Stewart on + 44 (0)20 7261 4618 or email firstname.lastname@example.org