---
title: "Actuarial Services"
ocid: "ocds-h6vhtk-0289b8"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0289b8"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0289b8.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0289b8.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "EAST RIDING OF YORKSHIRE COUNCIL"
published: "2023-02-28"
---

# Actuarial Services

Buyer: EAST RIDING OF YORKSHIRE COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-0289b8

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## Summary

The East Riding of Yorkshire Council has completed a procurement process for Actuarial Services under Lot 1 of the National LGPS Framework. This involved a call for competition for Actuarial Services to the East Riding Pension Fund from 01 April 2023 to 31 March 2033. Hymans Robertson LLP has been awarded the contract.

This tender can create business growth opportunities for firms specialising in pension fund administration services. Businesses offering actuarial, benefits, and governance consultancy services are well-suited to compete. The procurement method used was a selective procedure with a competitive process involving a minimum standstill period for bidders.

## Notice

This exercise was a call for competition under Lot 1 of the National LGPS Framework for Actuarial, Benefits and Governance Consultancy Services (Reference Number NCCT41941) for the procurement of Actuarial Services to the East Riding Pension Fund (ERPF) from 01 April 2023 to 31 March 2033.

### Lot Information

Actuarial Services

This exercise was a call for competition under Lot 1 of the National LGPS Framework for Actuarial, Benefits and Governance Consultancy Services (Reference Number NCCT41941) for the procurement of Actuarial Services to the East Riding Pension Fund (ERPF) from 01 April 2023 to 31 March 2033.

Benefits Consultancy

Benefits Consultancy Services including but not limited to:Providing information and adviceWorking with stakeholdersReviewing processes, structures and policiesSupporting projects and provision of services

Governance Consultancy

Governance Consultancy Services including but not limited to:Providing information and adviceWorking with stakeholdersReviewing processes, structures and policiesSupporting projects and provision of services

Funding Risk Advisory Services

Funding Risk Advisory Services including but not limited to:Advice on the integration of investment and funding strategy (along with covenant if applicable) e.g. funding level, by employer type, cashflow profile etc. Asset/Liability modelling to support any recommendations, with potential changes to strategy and rationale.Advice, detailed covenant analysis and general support in assessing covenant risk and proactive engagement with employers in financial difficultiesAdvice on risk budgets (in terms of ultimate objectives e.g. contributions tolerance) and flexing these as funding levels evolve.Development of monitoring metrics and tools to track progress and keep stakeholders informed of progress against strategic objectives (mindful of risk parameters).Provision and/or interpretation of scenario-based analysis aligned to possible risks and their outcomes.Development of tools/frameworks to facilitate discussion with stakeholders on strategy change e.g. employer paths from entry to exit.Advice and support on policy development and principles for use of ancillary risk management tools.

Consultancy Services to Support Specialist Projects

Discrete pieces of specialist, pensions-related work including, but not limited to:LGPS asset management restructuring (asset pooling)Change managementProject managementRegulatory and best practice compliance reviews (including, but not limited to, compliance with MHCLG and The Pensions Regulator requirements)Data Quality, Validation Audits and improvement supportSupport for bulk exercises e.g. trivial commutation data cleansing, frozen refund tracingAVC Reviews and AdviceEmployer covenant analysis and funding policy implications where appropriatePensions taxation advice, including support on annual and lifetime allowance calculationsReviews and guidance on structures and their effectiveness

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/005904-2023 |
| Notice type | Tender Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Restricted procedure |
| Tender suitability | Not specified |
| Awardee scale | Large, SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 28 Feb 2023 |
| Submission deadline | 22 Feb 2021 |
| Future notice date | Not specified |
| Award date | 4 May 2021 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £350,000,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £388,359,169 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | EAST RIDING OF YORKSHIRE COUNCIL |
| Additional buyers | (THE MAYOR AND BURGESSES OF THE) LONDON BOROUGH OF HACKNEY; ENVIRONMENT AGENCY (AS ADMINISTERING AUTHORITY OF THE ENVIRONMENT AGENCY PENSION FUND); ESSEX COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE ESSEX PENSION FUND); FLINTSHIRE COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE CLWYD PENSION FUND); HAMPSHIRE COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE HAMPSHIRE PENSION FUND); LINCOLNSHIRE COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE LINCOLNSHIRE COUNTY COUNCIL PENSION FUND); MIDDLESBROUGH COUNCIL (AS ADMINISTERING AUTHORITY FOR TEESSIDE PENSION FUND); NORFOLK COUNTY COUNCIL; NORFOLK COUNTY COUNCIL (AS ADMINISTERING AUTHORITY FOR NORFOLK PENSION FUND); NORFOLK COUNTY COUNCIL(AS ADMINISTERING AUTHORITY FOR NORFOLK PENSION FUND); SOUTH YORKSHIRE PENSIONS AUTHORITY; SUFFOLK COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE SUFFOLK PENSION FUND); SURREY COUNTY COUNCIL (AS ADMINISTERING AUTHORITY OF THE SURREY PENSION FUND); TAMESIDE METROPOLITAN BOROUGH COUNCIL (AS ADMINISTERING AUTHORITY OF THE GREATER MANCHESTER PENSION FUND); WOLVERHAMPTON CITY COUNCIL (AS ADMINISTERING AUTHORITY OF THE WEST MIDLANDS PENSION FUND) |
| Locality | NORWICH |
| Post town | Norwich |
| Postcode | NR1 2DH |
| Country | England |
| ITL 1 | TLE Yorkshire and The Humber |
| ITL 2 | TLE1 East Yorkshire and Northern Lincolnshire |
| ITL 3 | TLE12 East Riding of Yorkshire |
| Local authority | East Riding of Yorkshire |
| Electoral ward | St Mary's |
| Westminster constituency | Beverley and Holderness |
| Delivery location | TLE12 East Riding of Yorkshire |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 11 |
| Supplier names | AON SOLUTIONS; BARNET WADDINGHAM; BARNETT WADDINGHAM; BDO; DELOITTE; GOVERNMENT ACTUARY’S DEPARTMENT; HYMANS ROBERTSON; MERCER; MUSE ADVISORY; PAYMASTER (1836) LTD T/A EQUINITI; PRICEWATERHOUSECOOPERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66520000 - Pension services
- 66523000 - Pension fund consultancy services
- 66523100 - Pension fund administration services

## Release History

- 28 Feb 2023 at 16:09 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/005904-2023
- 10 May 2021 at 12:08 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/010109-2021
- 12 Jan 2021 at 17:56 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/000612-2021

## Notice URLs

- http://www.clwydpensionfund.org.uk
- http://www.eapf.org.uk
- http://www.essexpensionfund.co.uk/essex-pension-fund
- http://www.hymans.co.uk
- http://www.lincolnshire.gov.uk
- http://www.norfolk.gov.uk
- http://www.norfolkpensionfund.org
- http://www.surreypensionfund.org
- http://www.wmpfonline.com/pensionsportal
- https://courttribunalfinder.service.gov.uk/courts/royal-courts-of-justice
- https://hackneypension.co.uk
- https://in-tendhost.co.uk/norfolkcc/aspx/Home
- https://ted.europa.eu/udl?uri=TED:NOTICE:036611-2020:TEXT:EN:HTML
- https://uk.eu-supply.com/ctm/Company/CompanyInformation/Index/103298
- https://www.eastriding.gov.uk
- https://www.gmpf.org.uk
- https://www.hants.gov.uk
- https://www.suffolkpensionfund.org
- https://www.sypensions.org.uk
- https://www.xpsgroup.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-h6vhtk-0289b8. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0289b8.json.