Award

Pensions Actuaries Provider - minicompetition - viia Actuarial, Benefits and Governance Consultancy Services Framework

LONDON BOROUGH OF MERTON

This public procurement record has 1 release in its history.

Award

26 Jun 2025 at 07:59

Award Notice
Summary of the contracting process

The London Borough of Merton has successfully awarded a contract under the National LGPS Framework for the provision of actuarial, benefits, and governance consultancy services. This procurement process, undertaken in a competitive tender setting, culminated in an award to Barnett Waddingham LLP on 26 June 2025. The contract, valued at £153,000, spans from 1 September 2025 to 31 August 2030. The services fall under the industry category of business services, specifically covering areas such as law, marketing, consulting, recruitment, printing, and security. This contract relates to the governance of pension funds, pertinent to the operation of the Merton pension scheme, with work being carried out in the United Kingdom, specifically England.

This tender offers significant business growth opportunities, particularly for organisations with expertise in actuarial and consultancy services. The focus on actuarial services related to pension funds makes this a prime opportunity for companies proficient in asset and liability assessments and the development of financial strategies. Companies that are small to medium enterprises (SMEs) may find this opportunity particularly suitable, given the procurement's explicit suitability criteria supporting SME participation. Such contracts also enable businesses to collaborate with and become integral partners to governmental bodies, fostering long-term business relationships.

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Notice Information

Notice Title

Pensions Actuaries Provider - minicompetition - viia Actuarial, Benefits and Governance Consultancy Services Framework

Notice Description

The London borough of Merton has awarded a contract for the delivery of the following services via the National LGPS Framework. The Fund is governed by the Superannuation Act 1972 and the Public Services Pensions Act 2013. The Fund is administered in accordance with all applicable current regulations and guidance. The actuarial service is a key part of the Merton pension fund operation. The actuary asses the pension fund's assets and liability and help us to set the future contribution which formed part of the Council budget and other employers' budgets.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-99869670-a5f1-45fd-a196-b478b428d1ae
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/aad2f95f-a049-4da0-adf0-6f8083761631
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£153,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
26 Jun 20258 months ago
Submission Deadline
7 Apr 2025Expired
Future Notice Date
Not specified
Award Date
25 Jun 20258 months ago
Contract Period
31 Aug 2025 - 31 Aug 2030 Over 5 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF MERTON
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
MORDEN
Postcode
SM4 5DX
Post Town
Sutton
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Merton
Electoral Ward
Merton Park
Westminster Constituency
Wimbledon

Supplier Information

Number of Suppliers
1
Supplier Name

BARNETT WADDINGHAM

Further Information

Notice Documents

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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