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Actuarial Services for Tyne and Wear Pension Fund

South Tyneside Borough Council

This public procurement record has 1 release in its history.

Award

09 Oct 2026 at 14:34

UK6 - Contract Award Notice
Summary of the contracting process

South Tyneside Borough Council procured actuarial services for the Tyne and Wear Pension Fund. This is specialist pension-fund actuarial work, classified under pension fund management services. The requirement is associated with the Tyne and Wear Pension Fund and is delivered in the United Kingdom. The council is the buying organisation; Aon Solutions UK Limited was selected as supplier. The procurement was arranged as one lot, covering the actuarial-services requirement as a single package. The service is relevant to firms providing actuarial advice and technical support for public-sector pension funds, rather than general pension administration or investment management.

The procurement is complete and the contract was awarded to Aon Solutions UK Limited on 9 October 2026. The gross awarded value is £1.4 million. The contract period runs from 1 January 2027 to 31 December 2035, with an option for one extension of up to 12 months, potentially extending the term to 31 December 2036. The procurement was a competitive selection under a framework agreement and comprised one lot. The award records the contract period and extension option; no evaluation criteria are stated in the available process details. A future signature milestone is scheduled for 1 November 2026.

This award demonstrates demand from South Tyneside Borough Council for a substantial, long-term actuarial-services package serving the Tyne and Wear Pension Fund, procured competitively through a framework. A credible competitor when this requirement next reaches the market would need to show specialist actuarial capability relevant to public-sector pension funds, alongside the capacity to support a single, sustained engagement over many years. Experience advising pension-fund clients and delivering reliable actuarial services at this scale would be commercially relevant. The award to Aon Solutions UK Limited provides a clear indication of the type of established specialist supplier selected for this requirement; it does not establish specific qualifications, accreditations or evaluation weightings.

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Notice Information

Notice Title

Actuarial Services for Tyne and Wear Pension Fund

Notice Description

Provision of an actuarial services for the Tyne and Wear Pension Fund.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0784de
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/095718-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK6 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Award under framework
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66141000 - Pension fund management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£1,400,000 £1M-£10M
Contracts Value
Not specified

Notice Dates

Publication Date
9 Oct 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
9 Oct 20262 weeks ago
Contract Period
1 Jan 2027 - 31 Dec 2035 Over 5 years
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
South Tyneside Borough Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SOUTH SHIELDS
Postcode
NE33 2RL
Postcode Area
Newcastle upon Tyne
Country
England
Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
Not specified
Local Authority
South Tyneside
Electoral Ward
Beacon and Bents
Westminster Constituency
South Shields

Supplier Information

Number of Suppliers
1
Supplier Name

Aon Solutions UK Limited

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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