Award

Independent Review of the Annual Valuation for the PPF

PENSION PROTECTION FUND

This public procurement record has 1 release in its history.

Award

12 Dec 2023 at 21:19

Summary of the contracting process

The Pension Protection Fund has awarded a contract for the Independent Review of the Annual Valuation for the PPF. The contract, valued at £144,000 GBP, was awarded to Hymans Robertson LLP. The procurement method used was selective, with a call-off from a framework agreement. The contract period is from October 27, 2023, to October 26, 2027. The tender period ended on September 13, 2023, with evaluations completed.

This tender presents an opportunity for financial consultancy services firms, particularly those specialised in pension fund valuations. Businesses with expertise in providing independent peer reviews and financial consultancy services are well-suited to compete. The contract was awarded to Hymans Robertson LLP, a large consultancy firm based in London, indicating a preference for established service providers with a track record of delivering high-profile work.

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Notice Title

Independent Review of the Annual Valuation for the PPF

Notice Description

The Chief Actuary is required by legislation to produce an annual valuation of the fund which forms part of the PPF's Annual Report & Accounts. Given the complexity and high-profile nature of the work, the Appointed Actuary has concluded that the valuation should be subject to an independent peer review. The contract term is 4 years.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-47fa71e7-55ef-4675-b38e-b32e0c10bac4
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b5ab7d4f-aa95-473e-ab93-0551f5ed8cf8
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66171000 - Financial consultancy services

Notice Value(s)

Tender Value
£144,000 £100K-£500K
Lots Value
Not specified
Awards Value
£144,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
12 Dec 20232 years ago
Submission Deadline
13 Sep 2023Expired
Future Notice Date
Not specified
Award Date
3 Oct 20232 years ago
Contract Period
26 Oct 2023 - 26 Oct 2027 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
PENSION PROTECTION FUND
Contact Name
Not specified
Contact Email
commercialservices@ppf.co.uk
Contact Phone
Not specified

Buyer Location

Locality
CROYDON
Postcode
CR0 2NA
Post Town
Croydon
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI62 Croydon
Delivery Location
TLI London

Local Authority
Croydon
Electoral Ward
Fairfield
Westminster Constituency
Croydon West

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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