---
title: "Pension fund monthly returns data / database"
ocid: "ocds-b5fd17-b3c03e75-125e-48e8-ae51-c1ff773a0722"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-b3c03e75-125e-48e8-ae51-c1ff773a0722"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-b3c03e75-125e-48e8-ae51-c1ff773a0722.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-b3c03e75-125e-48e8-ae51-c1ff773a0722.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "THE FINANCIAL REPORTING COUNCIL LIMITED"
published: "2023-08-04"
---

# Pension fund monthly returns data / database

Buyer: THE FINANCIAL REPORTING COUNCIL LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-b3c03e75-125e-48e8-ae51-c1ff773a0722

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[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-b3c03e75-125e-48e8-ae51-c1ff773a0722.json)

## Summary

The Financial Reporting Council (FRC) has successfully awarded a contract for the provision of a pension fund monthly returns data/database. The FRC, a high standards corporate governance body based in London, required monthly return data for UK pension funds covering at least 500 distinct active funds dating back to January 1990. The contract value is £39,000 GBP, with a planned contract period from June 2023 to May 2024. The procurement method used was an open procedure below the threshold, and the tender deadline was 28th March 2023.

This tender opportunity issued by the FRC for pension fund data presents a valuable business growth opportunity for well-established data providers within the financial services industry. Businesses offering financial data services, especially those with expertise in pension fund analysis and reporting, would be well-suited to compete for this contract. The FRC has indicated a particular interest in firms capable of providing timely and comprehensive financial data for pension funds, with opportunities to extend the initial contract term proposed to be three years.

## Notice

THIS IS A CONTRACT AWARD NOTICE THE FRC The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them. BACKGROUND * Since 6 April 2003 money purchase pension arrangements have been required to provide members with Statutory Money Purchase Illustrations ("SMPIs"). These illustrations are governed by the Occupational and Personal Pension Schemes (Disclosure of Information) Regulations 2013 as amended. Legislation requires that statutory illustrations are produced in accordance with guidance prepared by a prescribed body approved by the Secretary of State for Work and Pensions ("DWP") and by the Department for Social Development in Northern Ireland. * The FRC has been the prescribed body since 6 April 2007 and fulfils its obligations through the publication of Actuarial Standard Technical Memorandum 1: Statutory Money Purchase Illustrations ("AS TM1"). AS TM1 specifies the assumptions and methods to be used in the calculation of statutory illustrations of money purchase pensions, also known as defined contribution ("DC") pensions. * In particular, AS TM1 sets out the prescribed approach for the accumulation rates which providers must use to determine how much the member's current pension pot will grow between now and their retirement. The FRC reviews AS TM1 regularly and will require market data to support this analysis. OUR REQUIREMENT WAS * The FRC required, on an ongoing basis, a source of data for relevant fund returns. Our requirement is ongoing subscription with a well-established data provider which can provide the data we required for this work, namely: o Monthly return data for UK pension funds - i.e. the % change between the price (on a consistent basis) between the first day (or most recent available pricing date before this) and last day of the month (or most recent available pricing date before this). o At least 500 (ideally more) distinct currently active funds, with a reasonable representation of different asset allocations that exist in the market o Dating back to at least January 1990. o Data should be available as soon as possible after reporting date, ideally within 4 weeks. For example, the monthly return for 31 January 2023 should be available for download by 28 February 2023. o Data should be available for download anytime for use in Excel (with reasonable maintenance blackout period). If a reduced tariff for reduced frequency of access to data is offered, we would be interested to know. o Data should be accessible virtually. o Facility to query data (with defined SLA) where anomalies or data gaps are identified o Unique identifiers per fund must be included o Ideally including identifiers for the asset types included in the fund. Additional information: THIS IS A CONTRACT AWARD NOTICE THIS TENDER HAS BEEN COMPLETED . The FRC reserves the right to extend the contract.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/4d511498-63fb-49a5-af46-87497cb2bfb3 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure (below threshold) |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 4 Aug 2023 |
| Submission deadline | 28 Mar 2023 |
| Future notice date | Not specified |
| Award date | 30 May 2023 |
| Contract period | 31 May 2023 - 31 May 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £39,000 |
| Lots value | Not specified |
| Awards value | £25,700 |
| 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 | THE FINANCIAL REPORTING COUNCIL LIMITED |
| Locality | LONDON |
| Post town | Central London |
| Postcode | EC2Y 5AS |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI3 Inner London - West |
| ITL 3 | TLI35 Westminster and City of London |
| Local authority | City of London |
| Electoral ward | Bassishaw |
| Westminster constituency | Cities of London and Westminster |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MORNINGSTAR |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 72 - IT services: consulting, software development, Internet and support

### Codes

- 66520000 - Pension services
- 72300000 - Data services

## Release History

- 4 Aug 2023 at 16:24 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/4d511498-63fb-49a5-af46-87497cb2bfb3
- 22 Mar 2023 at 14:04 - TenderAmendment - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/19085815-2024-4ac8-9488-f627bd3417fa
- 21 Feb 2023 at 17:15 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/19085815-2024-4ac8-9488-f627bd3417fa

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/4d511498-63fb-49a5-af46-87497cb2bfb3
  4th August 2023 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/19085815-2024-4ac8-9488-f627bd3417fa
  22nd March 2023 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/c48af209-c9b6-4c59-be1d-c70a34d05203
- https://www.contractsfinder.service.gov.uk/Notice/Attachment/673ce88e-dce5-402c-8a96-b77da50a500f

## Notice URLs

- https://www.frc.org.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-b3c03e75-125e-48e8-ae51-c1ff773a0722. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-b3c03e75-125e-48e8-ae51-c1ff773a0722.json.