---
title: "Accounting for pension costs - IAS 19 disclosures"
ocid: "ocds-b5fd17-07c9aa92-eaea-4578-a77f-a3ba47e36695"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-07c9aa92-eaea-4578-a77f-a3ba47e36695"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-07c9aa92-eaea-4578-a77f-a3ba47e36695.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-07c9aa92-eaea-4578-a77f-a3ba47e36695.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "UK SHARED BUSINESS SERVICES LIMITED"
published: "2018-04-17"
---

# Accounting for pension costs - IAS 19 disclosures

Buyer: UK SHARED BUSINESS SERVICES LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-07c9aa92-eaea-4578-a77f-a3ba47e36695

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## Summary

The UK Shared Business Services Limited is conducting a tender for the contract titled "Accounting for pension costs - IAS 19 disclosures." This opportunity falls within the Insurance and pension services industry category and is located in London, United Kingdom. The procurement method used is an Invitation to Quote (ITQ) and the tendering period closes on 5 April 2018 at 14:00 hours. The contract period begins on 17 April 2018 and ends on 25 May 2018, with a total estimated value of £20,000.

This tender presents a valuable opportunity for businesses specialising in actuarial services and financial consultancy, particularly those experienced in preparing financial statements in line with International Financial Reporting Standards (IFRS). Small and medium enterprises (SMEs) may particularly benefit from this contract, given the focus on collaborative engagement with professional service firms. Engaging with this procurement process could lead to enhanced visibility and potential growth for qualified service providers in the public sector.

## Notice

CLOSING TIME FOR BIDS IS 05/04/2018 14:00 HOURS. DO NOT APPLY DIRECTLY TO THE BUYER. To express your interest in this opportunity email ExpressionOfInterest@crowncommercial.gov.uk. In accordance with International Financial Reporting Standards (IFRS) as adapted and interpreted by the HM Treasury Financial Reporting Manual (FReM) , BEIS prepares consolidated annual financial statements. During this process, BEIS collects financial and non-financial information that is subject to judgements, estimates and assumptions, which in some cases, are based upon professional's valuation and/or assessment. Defined benefit pension schemes are such an area as they require an actuarial valuation to prepare pension accounting disclosures in accordance with IFRS standard IAS 19 Employee Benefits. *Objectives: Accounting for pension costs - IAS 19 disclosures for: *17/18 IAS 19 disclosures, including movements in the Statement of Comprehensive Net Expenditure, year-end position in the Statement of Financial Position and other disclosures required under the standard *16/17 IAS 19 disclosures as above (as comparatives in the 2017-18 accounts) *1 April 16 Statement of Financial Position value (as the opening for assets and liabilities for 2017-18 accounts) Scope: In preparing the disclosures, the steps below will be expected to be carried out by the actuary: *Provide terms of reference document which describes the scope of work to be performed by the firm *Collection of the data necessary for the calculations from the scheme administrator and fund managers *Advice on the assumptions appropriate to the DSRL section's circumstances and market conditions at the 31 Mar 2018 and earlier years, including brief discussions with BEIS and its auditors. *Provision of the financial disclosures required for the BEIS departmental accounts under IAS 19 for the years ended 31 March 17. *Calculation of the Statement of Comprehensive Income and Expense charge for the FY17/18 and FY16/17, and the Statement of Financial Position pension balances as at 31 Mar 2018, 31 Mar 2017 and 1 April 2016 under IAS 19. *Provision of the financial disclosures required for the BEIS departmental accounts *Preparation of a formal report, including the disclosures and supporting descriptions for BEIS and its auditors, liaising with the auditors to answer their queries and helping understand the figures. *The IAS 19 report needs to be competed and delivered to the department for its accounts as at 31 March 2018 by 18th May 2018. Terms and Conditions Bidders are to note that any requested modifications to the Contracting Authority Terms and Conditions on the grounds of statutory and legal matters only, shall be raised as a formal clarification during the permitted clarification period. Additional information: As part of the strategic alliance between UK Shared Business Services Ltd (UK SBS) and Crown Commercial Service (CCS), UK SBS can use the CCS eSourcing Suite for future procurements. If you have not yet registered on the eSourcing Suite, this can be done online at https://gpsesourcing.cabinetoffice.gov.uk by following the link 'Register for CCS eSourcing'. Please note that, to register, you must have a valid DUNS number (as provided by Dun and Bradstreet) for the organisation which you are registering, who will be entering into a contract if invited to do so. Once you have registered on the eSourcing Suite, a registered user can express an interest for a specific procurement. This is done by emailing expressionofinterest@crowncommercial.gov.uk. Your email must clearly state: the name and reference for the procurement you wish to register for; the name of the registered Bidder; and the name and contact details for the registered individual sending the email. Crown Commercial Service will process the email and then enable the Bidder to access the procurement online via the e-Sourcing Suite. The registered user will receive a notification email to alert them once this has been done. The Sourcing documents can then be accessed on the eSourcing Suite at: https://gpsesourcing.cabinetoffice.gov.uk using the instructions detailed in the specification documents within Contracts Finder. As a user of the e-Sourcing Suite you will have access to Emptoris email messaging service which facilitates all messages sent to you and from you in relation to any specific RFX event. Please note it is your responsibility to access these emails on a regular basis to ensure you have sight of all relevant information. For technical assistance on use of the e-Sourcing Suite please contact Crown Commercial Service Helpdesk : Telephone: 0345 010 3503 Training documents to support Bidders utilise Emptoris CCS eSourcing are available in the Contracts Finder Tender documents section.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/054ff48f-e876-40af-bfbb-51f3100abc11 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - ITQ |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 17 Apr 2018 |
| Submission deadline | 5 Apr 2018 |
| Future notice date | Not specified |
| Award date | 10 Apr 2018 |
| Contract period | 11 Apr 2018 - 25 May 2018 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £20,000 |
| Lots value | Not specified |
| Awards value | £10,365 |
| 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 | UK SHARED BUSINESS SERVICES LIMITED |
| Locality | SWINDON |
| Post town | Swindon |
| Postcode | SN2 1FF |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK7 Gloucestershire and Wiltshire |
| ITL 3 | TLK71 Swindon |
| Local authority | Swindon |
| Electoral ward | Rodbourne Cheney |
| Westminster constituency | Swindon North |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BARNETT WADDINGHAM |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66500000 - Insurance and pension services

## Release History

- 17 Apr 2018 at 13:05 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/054ff48f-e876-40af-bfbb-51f3100abc11
- 26 Mar 2018 at 14:05 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/e825219c-72c9-4140-a2d7-685a3671a559

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/054ff48f-e876-40af-bfbb-51f3100abc11
  17th April 2018 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/e825219c-72c9-4140-a2d7-685a3671a559
  26th March 2018 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/0d6b1ce4-e63a-440e-9951-2c38b9016037
  Bidder Training
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/438159a4-133f-4ecb-ba91-c85541bcf731
  Bidder - Logging into Emptoris for the first time
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/b33ca93a-5571-4a2f-b88d-b6e8b6b800d1
  PS18091AW5.2 Price Schedule
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/f12d4210-3d41-430c-b9ed-46f539822337
  PS18091 ITQ Invitation to Quote
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/cb0b4b64-851a-4daf-86bf-b3a271d2fbb9
  PS18091 ITQ Invitation to Quote questions
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/ba173afc-f24b-41ca-afc7-cbeb5c35c8a5
  S1 - Services purchasing contract - low risk

## Notice URLs

- https://gpsesourcing.cabinetoffice.gov.uk

## 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-b5fd17-07c9aa92-eaea-4578-a77f-a3ba47e36695. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-07c9aa92-eaea-4578-a77f-a3ba47e36695.json.