Award

BTA2116 - US Pension Scheme Actuarial Services

BRITISH TOURIST AUTHORITY T/A VISITBRITAIN/VISITENGLAND

This public procurement record has 1 release in its history.

Award

03 Oct 2025 at 19:09

Summary of the contracting process

The British Tourist Authority, trading as VisitBritain/VisitEngland, has awarded a contract for "BTA2116 - US Pension Scheme Actuarial Services." This involves the administration and actuarial services pertaining to the Group Pension Plan for employees based in the United States. The contract, valued at £408,000, was awarded to Mercer, an established consultancy firm. The contract was signed on 24th September 2025, with the procurement process opting for a limited method without prior publication. The industry involved is the services sector, specifically pension fund administration, and the location of service delivery is the United States. The procurement stage is complete, and the process was governed by the framework established by Agri-EPI Centre Limited.

This contract presents significant opportunities for businesses specialising in financial valuation and actuarial services, particularly those with expertise in International Accounting Standard 19 (IAS 19) and funding valuations. Firms that can demonstrate a strong understanding of the risks and mitigations related to US pension schemes could benefit from such procurement opportunities. Large consultancy firms like Mercer, which have the capability to manage complex pension fund administration, would find this contract an excellent addition to their portfolios, particularly if they are considering expanding their service offerings to the tourism sector through collaboration with public bodies like VisitBritain. This contract also signals a need for continuous engagement with international standards, making it attractive to firms with a global presence.

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Notice Title

BTA2116 - US Pension Scheme Actuarial Services

Notice Description

Administration and Actuarial Services for the Group Pension Plan for Employees of VisitBritain based in the United States.

Lot Information

Lot 1

Administration and Actuarial Services for the Group Pension Plan for Employees of VisitBritain based in the United States. Services include:
Regular actuarial services.
Understanding of IAS 19 (International Accounting Standard 19) requirements and annual reporting.
Financial accounting valuation under IAS19.
Funding valuations including required triennial valuations.
Identify risk, issues and mitigations in relation to the existing or future US pension arrangements.

Procurement Information

This contract has been awarded using the framework OJEU Contract Award Notice 077-1122 OET AEC's the "Omni CPV NVMSP Framework established by Agri-EPI Centre Limited.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-05a85b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/062346-2025
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66519600 - Actuarial services

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£408,000 £100K-£500K

Notice Dates

Publication Date
3 Oct 20254 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
23 Sep 20255 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
BRITISH TOURIST AUTHORITY T/A VISITBRITAIN/VISITENGLAND
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
BIRMINGHAM
Postcode
B2 4AJ
Post Town
Birmingham
Country
England

Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG31 Birmingham
Delivery Location
TLG3 West Midlands

Local Authority
Birmingham
Electoral Ward
Ladywood
Westminster Constituency
Birmingham Ladywood

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

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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