Notice Information
Notice Title
Actuarial Services
Notice Description
This exercise was a call for competition under Lot 1 of the National LGPS Framework for Actuarial, Benefits and Governance Consultancy Services (Reference Number NCCT41941) for the procurement of Actuarial Services to the East Riding Pension Fund (ERPF) from 01 April 2023 to 31 March 2033.
Lot Information
Actuarial Services
This exercise was a call for competition under Lot 1 of the National LGPS Framework for Actuarial, Benefits and Governance Consultancy Services (Reference Number NCCT41941) for the procurement of Actuarial Services to the East Riding Pension Fund (ERPF) from 01 April 2023 to 31 March 2033.
Benefits ConsultancyBenefits Consultancy Services including but not limited to:Providing information and adviceWorking with stakeholdersReviewing processes, structures and policiesSupporting projects and provision of services
Governance ConsultancyGovernance Consultancy Services including but not limited to:Providing information and adviceWorking with stakeholdersReviewing processes, structures and policiesSupporting projects and provision of services
Funding Risk Advisory ServicesFunding Risk Advisory Services including but not limited to:Advice on the integration of investment and funding strategy (along with covenant if applicable) e.g. funding level, by employer type, cashflow profile etc. Asset/Liability modelling to support any recommendations, with potential changes to strategy and rationale.Advice, detailed covenant analysis and general support in assessing covenant risk and proactive engagement with employers in financial difficultiesAdvice on risk budgets (in terms of ultimate objectives e.g. contributions tolerance) and flexing these as funding levels evolve.Development of monitoring metrics and tools to track progress and keep stakeholders informed of progress against strategic objectives (mindful of risk parameters).Provision and/or interpretation of scenario-based analysis aligned to possible risks and their outcomes.Development of tools/frameworks to facilitate discussion with stakeholders on strategy change e.g. employer paths from entry to exit.Advice and support on policy development and principles for use of ancillary risk management tools.
Consultancy Services to Support Specialist ProjectsDiscrete pieces of specialist, pensions-related work including, but not limited to:LGPS asset management restructuring (asset pooling)Change managementProject managementRegulatory and best practice compliance reviews (including, but not limited to, compliance with MHCLG and The Pensions Regulator requirements)Data Quality, Validation Audits and improvement supportSupport for bulk exercises e.g. trivial commutation data cleansing, frozen refund tracingAVC Reviews and AdviceEmployer covenant analysis and funding policy implications where appropriatePensions taxation advice, including support on annual and lifetime allowance calculationsReviews and guidance on structures and their effectiveness
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-0289b8
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/005904-2023
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- Tender Notice
- Procurement Type
- Standard
- Procurement Category
- Services
- Procurement Method
- Selective
- Procurement Method Details
- Restricted procedure
- Tender Suitability
- Not specified
- Awardee Scale
- Large, SME
Common Procurement Vocabulary (CPV)
- CPV Divisions
66 - Financial and insurance services
-
- CPV Codes
66520000 - Pension services
66523000 - Pension fund consultancy services
66523100 - Pension fund administration services
Notice Value(s)
- Tender Value
- £350,000,000 £100M-£1B
- Lots Value
- Not specified
- Awards Value
- Not specified
- Contracts Value
- £388,359,169 £100M-£1B
Notice Dates
- Publication Date
- 28 Feb 20232 years ago
- Submission Deadline
- 22 Feb 2021Expired
- Future Notice Date
- Not specified
- Award Date
- 4 May 20214 years ago
- Contract Period
- Not specified - Not specified
- Recurrence
- Not specified
Notice Status
- Tender Status
- Complete
- Lots Status
- Cancelled
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- EAST RIDING OF YORKSHIRE COUNCIL
- Additional Buyers
(THE MAYOR AND BURGESSES OF THE) LONDON BOROUGH OF HACKNEY
ENVIRONMENT AGENCY (AS ADMINISTERING AUTHORITY OF THE ENVIRONMENT AGENCY PENSION FUND)
ESSEX COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE ESSEX PENSION FUND)
FLINTSHIRE COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE CLWYD PENSION FUND)
HAMPSHIRE COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE HAMPSHIRE PENSION FUND)
LINCOLNSHIRE COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE LINCOLNSHIRE COUNTY COUNCIL PENSION FUND)
MIDDLESBROUGH COUNCIL (AS ADMINISTERING AUTHORITY FOR TEESSIDE PENSION FUND)
NORFOLK COUNTY COUNCIL (AS ADMINISTERING AUTHORITY FOR NORFOLK PENSION FUND)
NORFOLK COUNTY COUNCIL(AS ADMINISTERING AUTHORITY FOR NORFOLK PENSION FUND)
SOUTH YORKSHIRE PENSIONS AUTHORITY
SUFFOLK COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE SUFFOLK PENSION FUND)
SURREY COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE SURREY PENSION FUND)
TAMESIDE METROPOLITAN BOROUGH COUNCIL (AS ADMINISTERING AUTHORITY OF THE GREATER MANCHESTER PENSION FUND)
WOLVERHAMPTON CITY COUNCIL (AS ADMINISTERING AUTHORITY OF THE WEST MIDLANDS PENSION FUND)
- Contact Name
- Julie Ward, Mark Hagues
- Contact Email
- customer_services@lincolnshire.gov.uk, customerservices@sypa.org.uk, info@eapf.org.uk, mail@gmpf.org.uk, mark.hagues@eastriding.gov.uk, myhelpdeskpensions@surreycc.gov.uk, pensionenquiries@essex.gov.uk, pensionfundenquiries@wolverhampton.gov.uk, pensions@flintshire.co.uk, pensions@hackney.gov.uk, pensions@hants.gov.uk, pensions@norfolk.gov.uk, pensions@suffolk.gov.uk, pensionsunit@xpsgroup.com, sourcingteam@norfolk.gov.uk
- Contact Phone
- +44 1482395346, +44 1603224320
Buyer Location
- Locality
- NORWICH
- Postcode
- NR1 2DH
- Post Town
- Norwich
- Country
- England
-
- Major Region (ITL 1)
- TLE Yorkshire and The Humber
- Basic Region (ITL 2)
- TLE1 East Yorkshire and Northern Lincolnshire
- Small Region (ITL 3)
- TLE12 East Riding of Yorkshire
- Delivery Location
- TLE12 East Riding of Yorkshire
-
- Local Authority
- East Riding of Yorkshire
- Electoral Ward
- St Mary's
- Westminster Constituency
- Beverley and Holderness
Further Information
Notice URLs
Open Contracting Data Standard (OCDS)
View full OCDS Record for this contracting process
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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