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Actuarial Benefits and Governance Services

London Borough of Lambeth

This public procurement record has 1 release in its history.

Planning

21 Oct 2026 at 15:52

UK1 - Pipeline Notice
Summary of the contracting process

The London Borough of Lambeth intends to procure actuarial and pension fund advisory services. The work covers triennial actuarial valuations of the Pension Fund, calculations of employer contribution rates, and accounting reports under IAS 19 and FRS 102. The provider will also advise on pension fund governance and regulation, support preparation of funding strategy statements, carry out risk modelling and scenario analysis, explain legislative and regulatory changes, and provide ad hoc calculations and template documents. This is a single service covering the Council’s pension fund needs. Delivery is for the London Borough of Lambeth in London.

This procurement is at the planning stage: the Council has stated its intention to buy the services, but has not yet invited tenders. The planned contract period runs from 1 April 2027 to 31 March 2037. The estimated value is £800,000 excluding VAT (£960,000 including VAT). The Council expects a further procurement notice on 10 November 2026. The plan identifies one lot, marked as suitable for small and medium-sized enterprises. No procurement procedure, submission deadline, eligibility conditions or evaluation criteria are set out at this stage, so suppliers should treat the stated scope, timing and value as planning information rather than a tender invitation.

This work is suited to actuarial consultancies and pension specialists with the qualifications and capacity to provide recurring pension fund valuations and contribution calculations, alongside accounting support under IAS 19 and FRS 102. Suppliers with experience advising public-sector pension funds on funding strategy, governance and regulatory requirements would be well placed, as would teams able to model risks and scenarios and respond to changes in legislation. The requirement also calls for flexible advisory support, including ad hoc calculations and reusable template documentation, over a long-term relationship. The Council has indicated that the single lot is suitable for SMEs, making the planned requirement relevant to smaller specialist providers as well as larger firms.

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Notice Information

Notice Title

Actuarial Benefits and Governance Services

Notice Description

The Council requires a qualified actuarial services provider to deliver: * Triennial actuarial valuations of the Pension Fund * Employer contribution rate calculations * Accounting reports (IAS19 / FRS102) * Governance and regulatory advice * Support with funding strategy statements * Risk modelling and scenario analysis * Guidance on legislative and regulatory changes * Ad hoc calculations and provision of template documentation

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-078d31
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/099635-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK1 - Pipeline Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Not specified
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66519600 - Actuarial services

Notice Value(s)

Tender Value
£800,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
21 Oct 20265 days ago
Submission Deadline
Not specified
Future Notice Date
10 Nov 20262 weeks to go
Award Date
Not specified
Contract Period
1 Apr 2027 - 1 Apr 2037 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
London Borough of Lambeth
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW2 1RW
Postcode Area
South West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI45 Lambeth
Delivery Location
Not specified
Local Authority
Lambeth
Electoral Ward
Brixton Acre Lane
Westminster Constituency
Clapham and Brixton Hill

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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