Award

Provision of Actuarial Services

FIFE COUNCIL

This public procurement record has 1 release in its history.

Summary of the contracting process

Fife Council has successfully concluded a contract for the provision of actuarial services, focusing on the needs of the Fife Pension Fund under the local government pension scheme framework. Hymans Robertson LLP has been awarded the contract, signed on January 7, 2026, following an open procurement procedure for this service-based contract. The award process, entered into the 'award' and 'contract' stages as of March 30, 2026, covers services throughout Fife, within the UKM72 region. Although the original award occurred in 2022, it is now being modified per the existing framework's terms and conditions. Overall, the contract is valued at £800,000 GBP.

The procurement offers substantial opportunities for large-scale consultancies experienced in actuarial, benefits, and governance services, especially those equipped to handle extensive public service contracts such as those under the LGPS framework. Small to medium-sized enterprises or foreign companies did not present bids, indicating a competitive edge for seasoned, large-scale firms in this field. Hymans Robertson LLP, recognised for its capability and capacity to deliver such comprehensive consultancy services, aligns well with these requirements, setting a strong precedent for similar future opportunities in public sector consultancy procurement.

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How relevant is this notice?

Notice Title

Provision of Actuarial Services

Notice Description

Fife Council appointed an actuary capable of meeting the needs of the Fife Pension Fund. The original award was made in 2022 and the award is being modified, in line with the terms and conditions of the LGPS framework Actuarial, Benefits and governance consultancy services.

Lot Information

Lot 1

Fife Council appointed an actuary capable of meeting the needs of the Fife Pension Fund. The original award was made in 2022 and the award is being modified, in line with the terms and conditions of the LGPS framework Actuarial, Benefits and governance consultancy services. Contract period modification made in line with the terms and conditions of the LGPS framework Actuarial, Benefits and governance consultancy services.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000824448
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAR552808
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

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

Notice Dates

Publication Date
30 Mar 20265 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
7 Jan 20262 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
FIFE 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
GLENROTHES
Postcode
KY7 5LT
Post Town
Kirkcaldy
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM0 Eastern Scotland
Small Region (ITL 3)
TLM01 Clackmannanshire and Fife
Delivery Location
TLM72 Clackmannanshire and Fife

Local Authority
Fife
Electoral Ward
Glenrothes Central and Thornton
Westminster Constituency
Glenrothes and Mid Fife

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

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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