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Provision of Actuarial Services for the Sponsoring Employer of the UoDSS Pension Scheme

University of Dundee

This public procurement record has 1 release in its history.

Tender

24 Aug 2026 at 13:04

Tender Notice
Summary of the contracting process

The University of Dundee is seeking actuarial services from an independent, professionally qualified actuarial adviser. The adviser will support the University in its role as sponsoring employer of the University of Dundee Superannuation Scheme through the forthcoming pension valuation process. The requirement is a professional financial consultancy service, covering actuarial advice and related support for the valuation. The work is for the University and is connected with its activities in Dundee, Scotland. This suits firms whose core business is pension actuarial advice, particularly those able to advise sponsoring employers during scheme valuations and provide independent professional input. The procurement is for services rather than goods, construction or general administrative support.

The procurement has reached tender: the University invited offers through an open procedure. Responses were to be submitted electronically, with an electronic catalogue required and alternative bids not allowed. The tender deadline was 23 September 2026 at 12:00 noon. Bids were to remain valid for 90 days, with evaluation and bid opening scheduled for 23 September 2026 at 12:30. The initial contract period is 360 days, with an optional one-off 12-month renewal. Award is based on price weighted at 30% and quality at 70%: approach and methodology 15%, experience and track record 25%, personnel capability and capacity 25%, and presentation 5%. Bids must be submitted in English.

This opportunity is suited to an independent actuarial consultancy or professional practice with suitably qualified actuaries experienced in advising pension scheme sponsoring employers. Relevant firms should be able to lead or support a forthcoming pension valuation and demonstrate a credible experience and track record in comparable actuarial assignments. The buyer will assess the capability and capacity of the personnel proposed, so suppliers should have an appropriately resourced team and be ready to provide the names and professional qualifications of staff assigned to the work. A clear, practical methodology and the ability to present the proposed approach are important. Price matters, but technical quality carries greater overall weight, making this more suitable for providers able to evidence both professional expertise and dependable delivery capacity.

How relevant is this notice?

Notice Information

Notice Title

Provision of Actuarial Services for the Sponsoring Employer of the UoDSS Pension Scheme

Notice Description

The University wishes to appoint an independent, professionally qualified actuarial adviser to support it as sponsoring employer through the forthcoming valuation process.

Lot Information

Lot 1

The University wishes to appoint an independent, professionally qualified actuarial adviser to support it as sponsoring employer through the forthcoming valuation process.

Renewal: 1 x 12 month renewal - optional

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06ea7d
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/080333-2026
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

66519600 - Actuarial services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Aug 20262 days ago
Submission Deadline
23 Sep 20264 weeks to go
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Dundee
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DUNDEE
Postcode
DD1 4HN
Postcode Area
Dundee
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM0 Eastern Scotland
Small Region (ITL 3)
TLM03 Angus and Dundee City
Delivery Location
TLM Scotland
Local Authority
Dundee City
Electoral Ward
West End
Westminster Constituency
Dundee Central

Further Information

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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