---
title: "Actuarial Services (IAS 19 Disclosure)"
ocid: "ocds-b5fd17-bc7a4b0d-dbe7-4b34-b52a-c69740fc1aa9"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-bc7a4b0d-dbe7-4b34-b52a-c69740fc1aa9"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-bc7a4b0d-dbe7-4b34-b52a-c69740fc1aa9.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-bc7a4b0d-dbe7-4b34-b52a-c69740fc1aa9.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "STUDENT LOANS COMPANY LIMITED"
published: "2024-03-05"
---

# Actuarial Services (IAS 19 Disclosure)

Buyer: STUDENT LOANS COMPANY LIMITED  
Current stage: Award  
OCID: ocds-b5fd17-bc7a4b0d-dbe7-4b34-b52a-c69740fc1aa9

[View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-bc7a4b0d-dbe7-4b34-b52a-c69740fc1aa9)  
[Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-bc7a4b0d-dbe7-4b34-b52a-c69740fc1aa9.json)

## Summary

The procurement process for this tender was recently completed by the STUDENT LOANS COMPANY LIMITED. The tender title is "Actuarial Services (IAS 19 Disclosure)" in the services industry category. The procurement method used was a direct Single tender action (below threshold) with a contract value of £60,500 in GBP. The procurement stage was in the award phase, with a tender period end date of 7th February 2024 and a contract period starting on 29th February 2024 and ending on 28th February 2027. The procurement is located in Scotland, United Kingdom.

This tender award by the STUDENT LOANS COMPANY LIMITED to Mercer presents business growth opportunities for companies providing actuarial services. Given the direct procurement method used and the specific nature of the services required, specialised firms in the actuarial sector would be well-suited to compete. The contract value and duration provide a stable revenue stream for the selected supplier, Mercer, highlighting the potential for sustainable business growth through meeting the actuarial needs of the STUDENT LOANS COMPANY LIMITED over the contract period.

## Notice

We require an authorised Supplier to provide us with an actuarial valuation of the pension scheme as at 31 March 2024 in line with International Accounting Standard 19. This is a requirement for the Annual Report & Accounts (ARA). Mercer are the SLC pension scheme administrators. The scheme is closed to new entrants and SLC transferred active members into the Civil Service Pension Scheme in 2020. Deferred members were due to transfer in October 2023 but this has been paused due to a legal case impacting UK pension schemes. Until this is resolved, there is a requirement for Mercer to provide this information for the ARA.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/688466b5-4e21-42b5-8881-c4aade833042 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Single tender action (below threshold) |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 5 Mar 2024 |
| Submission deadline | 7 Feb 2024 |
| Future notice date | Not specified |
| Award date | 28 Feb 2024 |
| Contract period | 29 Feb 2024 - 28 Feb 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £60,500 |
| Lots value | Not specified |
| Awards value | £60,500 |
| 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 | STUDENT LOANS COMPANY LIMITED |
| Locality | DARLINGTON |
| Post town | Glasgow |
| Postcode | G2 7JD |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM3 West Central Scotland |
| ITL 3 | TLM32 Glasgow City |
| Local authority | Glasgow City |
| Electoral ward | Anderston/City/Yorkhill |
| Westminster constituency | Glasgow North |
| Delivery location | TLM Scotland |

## Supplier

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

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66519600 - Actuarial services

## Release History

- 5 Mar 2024 at 15:40 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/688466b5-4e21-42b5-8881-c4aade833042

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/688466b5-4e21-42b5-8881-c4aade833042
  5th March 2024 - 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-bc7a4b0d-dbe7-4b34-b52a-c69740fc1aa9. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-bc7a4b0d-dbe7-4b34-b52a-c69740fc1aa9.json.