---
title: "Independent Review of the Annual Valuation for the PPF"
ocid: "ocds-b5fd17-47fa71e7-55ef-4675-b38e-b32e0c10bac4"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-47fa71e7-55ef-4675-b38e-b32e0c10bac4"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-47fa71e7-55ef-4675-b38e-b32e0c10bac4.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-47fa71e7-55ef-4675-b38e-b32e0c10bac4.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "PENSION PROTECTION FUND"
published: "2023-12-12"
---

# Independent Review of the Annual Valuation for the PPF

Buyer: PENSION PROTECTION FUND  
Current stage: Award  
OCID: ocds-b5fd17-47fa71e7-55ef-4675-b38e-b32e0c10bac4

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## Summary

The Pension Protection Fund has awarded a contract for the Independent Review of the Annual Valuation for the PPF. The contract, valued at £144,000 GBP, was awarded to Hymans Robertson LLP. The procurement method used was selective, with a call-off from a framework agreement. The contract period is from October 27, 2023, to October 26, 2027. The tender period ended on September 13, 2023, with evaluations completed.

This tender presents an opportunity for financial consultancy services firms, particularly those specialised in pension fund valuations. Businesses with expertise in providing independent peer reviews and financial consultancy services are well-suited to compete. The contract was awarded to Hymans Robertson LLP, a large consultancy firm based in London, indicating a preference for established service providers with a track record of delivering high-profile work.

## Notice

The Chief Actuary is required by legislation to produce an annual valuation of the fund which forms part of the PPF's Annual Report & Accounts. Given the complexity and high-profile nature of the work, the Appointed Actuary has concluded that the valuation should be subject to an independent peer review. The contract term is 4 years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/b5ab7d4f-aa95-473e-ab93-0551f5ed8cf8 |
| Notice type | Award Notice |
| Procurement type | Framework |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Call-off from a framework agreement |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 12 Dec 2023 |
| Submission deadline | 13 Sep 2023 |
| Future notice date | Not specified |
| Award date | 3 Oct 2023 |
| Contract period | 26 Oct 2023 - 26 Oct 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £144,000 |
| Lots value | Not specified |
| Awards value | £144,000 |
| 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 | PENSION PROTECTION FUND |
| Locality | CROYDON |
| Post town | Croydon |
| Postcode | CR0 2NA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI6 Outer London - South |
| ITL 3 | TLI62 Croydon |
| Local authority | Croydon |
| Electoral ward | Fairfield |
| Westminster constituency | Croydon West |
| Delivery location | TLI London |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | HYMANS ROBERTSON |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66171000 - Financial consultancy services

## Release History

- 12 Dec 2023 at 21:19 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/b5ab7d4f-aa95-473e-ab93-0551f5ed8cf8

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/b5ab7d4f-aa95-473e-ab93-0551f5ed8cf8
  12th December 2023 - Awarded contract notice on Contracts Finder

## Notice URLs

- https://www.ppf.co.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-b5fd17-47fa71e7-55ef-4675-b38e-b32e0c10bac4. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-47fa71e7-55ef-4675-b38e-b32e0c10bac4.json.