---
title: "Actuarial Services - Further Competition under Lot 1 of LGPS Framework (NCCT40954)"
ocid: "ocds-b5fd17-b1b9b588-b6a1-4ccc-a11d-9bda14aaef51"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b1b9b588-b6a1-4ccc-a11d-9bda14aaef51"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b1b9b588-b6a1-4ccc-a11d-9bda14aaef51.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b1b9b588-b6a1-4ccc-a11d-9bda14aaef51.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "ISLE OF WIGHT COUNCIL"
published: "2018-06-07"
---

# Actuarial Services - Further Competition under Lot 1 of LGPS Framework (NCCT40954)

Buyer: ISLE OF WIGHT COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-b1b9b588-b6a1-4ccc-a11d-9bda14aaef51

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## Summary

The Isle of Wight Council has successfully completed a procurement process for the provision of actuarial services under Lot 1 of the Local Government Pension Scheme (LGPS) Framework (NCCT40954). The open procedure tender, titled "Actuarial Services - Further Competition under Lot 1 of LGPS Framework", was concluded on 10th April 2018. This contract, valued at £440,000, has a total possible term of seven years, including an extension period of up to 12 months, with services to be delivered in the South East region of the United Kingdom, spanning from 1st May 2018 to 30th April 2024.

This tender presents excellent opportunities for businesses specialising in insurance and pension services, particularly those capable of delivering actuarial support. Small and medium-sized enterprises (SMEs) are encouraged to compete, benefiting from the contract's structured framework and potential long-term engagement. Businesses with expertise in flexible actuarial services will find this opportunity aligns perfectly with their offerings, allowing them to expand their portfolio and enhance their market presence.

## Notice

Actuarial Services supplied under Lot 1 of LGPS Framework (NCCT40954) Additional information: The contract value stated above is estimated based on historical activity. The actual value of the contract cannot be gauged at this time as it is based on menu priced activities which may or may not take place during the given period. An extension period of up to 12 months is available giving a total possible contract term of seven years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/027c6085-195e-4180-8e0e-fd5cc2ec1160 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Jun 2018 |
| Submission deadline | 2 Mar 2018 |
| Future notice date | Not specified |
| Award date | 9 Apr 2018 |
| Contract period | 30 Apr 2018 - 30 Apr 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £440,000 |
| Lots value | Not specified |
| Awards value | £440,000 |
| 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 | ISLE OF WIGHT COUNCIL |
| Locality | NEWPORT |
| Post town | Portsmouth |
| Postcode | PO30 1UD |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ34 Isle of Wight |
| Local authority | Isle of Wight |
| Electoral ward | Newport Central |
| Westminster constituency | Isle of Wight West |
| Delivery location | TLJ South East (England) |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66500000 - Insurance and pension services

## Release History

- 7 Jun 2018 at 13:30 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/027c6085-195e-4180-8e0e-fd5cc2ec1160

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/027c6085-195e-4180-8e0e-fd5cc2ec1160
  7th June 2018 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://www.iwight.com

## 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-b1b9b588-b6a1-4ccc-a11d-9bda14aaef51. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b1b9b588-b6a1-4ccc-a11d-9bda14aaef51.json.