---
title: "Actuarial, Administration and Employer advice"
ocid: "ocds-h6vhtk-028bfd"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-028bfd"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-028bfd.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-028bfd.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "GENERAL MEDICAL COUNCIL (GMC)"
published: "2021-01-20"
---

# Actuarial, Administration and Employer advice

Buyer: GENERAL MEDICAL COUNCIL (GMC)  
Current stage: Award  
OCID: ocds-h6vhtk-028bfd

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## Summary

The General Medical Council (GMC) has initiated a procurement process for Actuarial, Administration, and Employer advice services. This open tender, identified as GMC1063, is aimed at securing high-quality service at a competitive price for the GMC Staff Superannuation Scheme. The procurement process is currently complete, with a contract awarded to Aon Hewitt Limited for a value of £3,500,000. The tender is part of the services industry, relevant to the UK region, and focused on ensuring that the Scheme maintains efficient service provision. The award of the contract was signed on 18 December 2020.

This procurement presents substantial opportunities for businesses involved in actuarial and administrative services, particularly those with experience in handling retirement schemes of similar scale. Companies specialising in pension fund management and investment services would benefit from this tender, as they can offer competitive bids to fulfil the requirements set by the GMC. Given the emphasis on delivering comprehensive services, bidders with a proven track record in providing these services can enhance their market presence and contribute to the GMC's mission of delivering high-quality support for its members.

## Notice

The Trustees of the GMC Staff Superannuation Scheme are undertaking a review of its service providers to ensure that it continues to receive a high quality service and value for money on behalf of the Employer and Scheme membership. Accordingly, the Trustees are inviting service providers to bid for the provision of: - Actuarial services - Administrative service - Employer Advice service. Potential service providers must have experience of working with similarly sized schemes and should be able to provide all three of the specified services.

### Lot Information

Lot 1

The Trustees of the GMC Staff Superannuation Scheme are undertaking a review of its service providers to ensure that it continues to receive a high quality service and value for money on behalf of the Employer and Scheme membership. Accordingly, the Trustees are inviting service providers to bid for the provision of: - Actuarial services - Administrative service - Employer Advice service. Potential service providers must have experience of working with similarly sized schemes and should be able to provide all three of the specified services. Scheme Information The GMC Staff Superannuation Scheme is a contracted-out defined benefits occupational pension scheme. The principal employer is the General Medical Council. The Scheme closed to new members on 30 June 2013, and has now closed to future accrual from 31 March 2018, although a salary link for active members at this date has been retained. There are two category types and the benefit structure offers members the opportunity to receive a full pension or exchange part of their pension for a tax free cash sum at retirement. On 1 January 2020 the membership profile was as follows: Active members - 466 Deferred members - 680 Pensioner members - 217 As of 31 December 2019, the assets of the Scheme were approximately 256.4 million GBP and a triennial actuarial valuation is due on 31 December 2021.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/001191-2021 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 20 Jan 2021 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 18 Dec 2020 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £3,500,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | GENERAL MEDICAL COUNCIL (GMC) |
| Locality | MANCHESTER |
| Post town | Manchester |
| Postcode | M3 3AW |
| Country | England |
| ITL 1 | TLD North West (England) |
| ITL 2 | TLD3 Greater Manchester |
| ITL 3 | TLD33 Manchester |
| Local authority | Manchester |
| Electoral ward | Deansgate |
| Westminster constituency | Manchester Central |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | AON HEWITT |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66131100 - Pension investment services
- 66141000 - Pension fund management services
- 66519600 - Actuarial services
- 66520000 - Pension services

## Release History

- 20 Jan 2021 at 17:08 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/001191-2021

## Notice URLs

- http://www.gmc-uk.org
- https://ted.europa.eu/udl?uri=TED:NOTICE:243236-2020:TEXT:EN:HTML
- https://www.gov.uk/government/publications/public-procurement-review-service-scope-and-remit
- https://www.mytenders.co.uk/search/Search_AuthProfile.aspx?ID=AA19541

## 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-028bfd. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-028bfd.json.