---
title: "Central reviews - GAD & MyCSP 2020-21 - GT"
ocid: "ocds-b5fd17-0547be34-b2d4-413e-855e-78fde7df294a"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0547be34-b2d4-413e-855e-78fde7df294a"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0547be34-b2d4-413e-855e-78fde7df294a.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0547be34-b2d4-413e-855e-78fde7df294a.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NATIONAL AUDIT OFFICE"
published: "2021-02-27"
---

# Central reviews - GAD & MyCSP 2020-21 - GT

Buyer: NATIONAL AUDIT OFFICE  
Current stage: Award  
OCID: ocds-b5fd17-0547be34-b2d4-413e-855e-78fde7df294a

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## Summary

The National Audit Office, located in London, has successfully completed the procurement process for the tender titled "Central reviews - GAD & MyCSP 2020-21 - GT". This tender falls under the industry category of Government employee pension schemes and was awarded via a selective procurement method, specifically a call-off from a framework agreement. The contract period commenced on 31st July 2020 and concluded on 30th May 2021, with notable milestones including a comprehensive review of the actuarial services provided by the Government Actuary's Department (GAD) and MyCSP. The tender reached its end on 26th June 2020, and the total contract value was approximately £56,758.80, ensuring an audit of pension disclosures was conducted effectively.

This procurement process presents significant opportunities for firms specialising in financial audits and actuarial services, particularly those with expertise in pension schemes and compliance with IAS 19 accounting standards. Companies that can demonstrate robust professional capabilities in the detailed evaluation of pension disclosures and financial reporting will be particularly well-suited to compete for similar contracts in the future. Given the emphasis on compliance and quality assurance within the procurement process, larger firms with established reputations in the public sector audit sphere, such as Grant Thornton UK LLP, have successfully capitalised on this tender.

## Notice

Central review of GAD - Financial Audit - provision of assurance that GAD has the professional skills and expertise to provide the actuarial services relating to IAS 19 accounting valuations to our clients on which we rely. Detailed requirements are as set out below based on the prior year scope document - no significant changes to scope are expected at this time: Key elements of the review: 1. Source Data 2. Methodology & Assumptions 3. Is GAD sufficiently competent and objective to carry out the work required? 4. Does the quality of GAD's reporting and communication meet professional standards? MyCSP review - Financial Audit - carry out a high-level review of the most recent changes to the MyCSP remuneration disclosures model and actuarial factors used by MyCSP to determine the pension figures for the 2020-21 remuneration report disclosures in respect of the Civil Service Pension Schemes ("CSPS"). Detailed requirements are as per the scope of the prior year review, no significant changes to scope are expected at this time - see scope details below: * review of the nature of changes to the model to ensure they are appropriate; * review the specific changes made to the spreadsheet; * review the inflation uplift factors and that they are being applied appropriately; * checks of sample calculations to ensure the correct figures are being extracted from the model; * review documentation changes in line with changes to the model; * consideration of personnel involved in producing / reviewing the model; * confirm that the controls in place to ensure that the model is not corrupted or misused have not changed; * check that the updated actuarial factors have been correctly incorporated into the model and that they are consistent with the factors provided by the Government Actuary's Department ("GAD"); and * consideration of the updated actuarial factors' fitness for purpose including an assessment of the specific assumptions used in setting them. Key Outputs Central review of GAD - Detailed report on the schemes in scope. Letter of general assurance covering the schemes in scope, but which can be extended to any other pension schemes to which GAD acts as scheme actuary. Milestones February 2021 - initial meetings with GAD. March/April 2021 - meetings with scheme actuaries. March to May 2021 - completion of review following release of IAS 19 valuation reports. Final report and letter of general assurance to be provided by the end of May 2021. MyCSP review - review report covering the changes to the model used by MyCSP. Milestones April 2021 - meetings/discussions with MyCSP. May 2021 - completion of review following provision of information from MyCSP. Final review report to be provided by the end of May 2021.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/f001e274-2c5f-4e09-926e-d21f1645caf1 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 27 Feb 2021 |
| Submission deadline | 25 Jun 2020 |
| Future notice date | Not specified |
| Award date | 4 Jun 2020 |
| Contract period | 30 Jul 2020 - 30 May 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £56,758 |
| Lots value | Not specified |
| Awards value | £56,758 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NATIONAL AUDIT OFFICE |
| Locality | LONDON |
| Post town | South West London |
| Postcode | SW1W 9SP |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | Westminster |
| Electoral ward | Pimlico North |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | GRANT THORNTON |

## CPV Codes

### Divisions

- 75 - Administration, defence and social security services

### Codes

- 75320000 - Government employee pension schemes

## Release History

- 27 Feb 2021 at 13:47 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/f001e274-2c5f-4e09-926e-d21f1645caf1

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/f001e274-2c5f-4e09-926e-d21f1645caf1
  27th February 2021 - Awarded contract notice on Contracts Finder

## Provenance

This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-0547be34-b2d4-413e-855e-78fde7df294a. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-0547be34-b2d4-413e-855e-78fde7df294a.json.