Award

Pensions actuarial advice

NUCLEAR DECOMMISSIONING AUTHORITY

This public procurement record has 2 releases in its history.

Award

22 Apr 2026 at 11:15

UK6 - Contract Award Notice
Award

22 Apr 2026 at 11:11

UK5 - Transparency Notice
Summary of the contracting process

The Nuclear Decommissioning Authority (NDA), a central government public authority, is conducting a procurement process to acquire pensions actuarial advice for managing the pension schemes and liabilities of the NDA group. Located in Cumbria, the NDA aims to strengthen its pension management capabilities. The procurement process is in the award stage, with a direct award method chosen based on a government policy favouring internal expertise over external sources when a suitable public sector entity is available. The contract with the Government Actuary's Department (GAD) is valued at £165,000 gross, covering a services category specifically directed towards pension services. Key dates include the commencement on 6 May 2026 through to 31 March 2027, following a scheduled signature by 5 May 2026.

This tender presents significant growth opportunities for businesses engaged in providing actuarial services within government frameworks. While the direct award to GAD indicates preferential treatment due to their lower cost structures, businesses adept in offering competitive pension consultancy services may seek opportunities in advising entities like the NDA in other strategic areas or similar tenders. Such engagements require familiarity with governmental regulations and a robust understanding of pension service provision, positioning capable consultancies well to compete in comparable public sector initiatives. Additionally, strategic partnerships with government departments could enhance credibility and stimulate sector expansion.

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Notice Information

Notice Title

Pensions actuarial advice

Notice Description

Pensions actuarial advice to the NDA to support the NDA's management of the NDA group's pension schemes and liabilities.

Procurement Information

GAD provide actuarial advice within Government and charge for their advice. As a government department, GAD do not aim to make a profit, and their fee rates are designed to cover their costs only and hence are significantly lower than comparable private sector fee rates. Government policy is that departments and other bodies should not buy externally when there is a public sector entity that can provide the advice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06885c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/036543-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£137,500 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
22 Apr 20262 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
20 Apr 20263 days ago
Contract Period
5 May 2026 - 31 Mar 2027 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NUCLEAR DECOMMISSIONING AUTHORITY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
CUMBRIA
Postcode
CA24 3HU
Post Town
Carlisle
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD1 Cumbria
Small Region (ITL 3)
TLD13 Cumberland
Delivery Location
Not specified
Local Authority
Cumberland
Electoral Ward
Egremont North and St Bees
Westminster Constituency
Whitehaven and Workington

Supplier Information

Number of Suppliers
1
Supplier Name

GOVERNMENT ACTUARY'S DEPARTMENT

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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