---
title: "Actuarial Pension Valuation Services for the University of Birmingham"
ocid: "ocds-h6vhtk-02fd04"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-02fd04"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-02fd04.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-02fd04.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "UNIVERSITY OF BIRMINGHAM"
published: "2021-12-03"
---

# Actuarial Pension Valuation Services for the University of Birmingham

Buyer: UNIVERSITY OF BIRMINGHAM  
Current stage: Award  
OCID: ocds-h6vhtk-02fd04

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## Summary

The University of Birmingham is seeking to engage a contractor for Actuarial Pension Valuation Services, with a contract valued at £300,000. The procurement of these services is at the Award stage, following a limited procurement method as there was no prior call for competition. The contract was awarded to ISIO Group Limited on 3rd December 2021 and will run from January 2022 until June 2029. This engagement will involve performing an actuarial valuation for the support staff pension scheme in 2022 and two subsequent valuations anticipated for 2025 and 2028. The delivery location is primarily at the University of Birmingham, Birmingham, UK.

This tender presents a significant opportunity for firms specialising in actuarial services, particularly those with experience in pension scheme valuations. Companies with a robust understanding of the complexities involved in working with educational institutions and public sector bodies would be especially well-suited to compete. As this procurement has been awarded without competitive tendering, businesses that have previously collaborated with the university or similar entities may hold an advantage due to their established relationships and specific industry expertise.

## Notice

Actuarial Pension Valuation Services for the University of Birmingham. The support staff pension scheme will require an actuarial valuation in 2022. It will require up to a further two valuations, currently envisaged for 2025 and 2028. The University will require external advisors for this work.

### Lot Information

Lot 1

Actuarial Pension Valuation Services for the University of Birmingham. The support staff pension scheme will require an actuarial valuation in 2022. It will require up to a further two valuations, currently envisaged for 2025 and 2028. The University will require external advisors for this work.

### Procurement Information

The contract is not being put out to competitive tender for the following reasons: 1. The relationship between the employer and the pension scheme during a valuation cycle can be challenging and it is important that as many of the team involved are consistent. The team from ISIO, previously at KPMG have supported the University for the last 3 valuation cycles and have developed a strong working relationship with both parties that is valuable in positioning and negotiations 2. The pensions team at ISIO have specific technical knowledge gained over previous valuation cycles that another party would need significant time and support to gain for this next valuation cycle 3. The change of personnel at the University, change of Treasurer and HR Director is already bringing some change into the valuation process, it is not advisable therefore to change advisors as well 4. The advisors need to have relevant technical experience and to not be conflicted from operating as an advisor to the University and/or the pension scheme which reduces the field of potential advisors significantly

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/030094-2021 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Award procedure without prior publication of a call for competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 3 Dec 2021 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 3 Dec 2021 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £300,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | UNIVERSITY OF BIRMINGHAM |
| Locality | BIRMINGHAM |
| Post town | Birmingham |
| Postcode | B15 2TT |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG3 West Midlands |
| ITL 3 | TLG31 Birmingham |
| Local authority | Birmingham |
| Electoral ward | Edgbaston |
| Westminster constituency | Birmingham Edgbaston |
| Delivery location | TLG31 Birmingham |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | ISIO GROUP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66519600 - Actuarial services

## Release History

- 3 Dec 2021 at 14:12 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/030094-2021

## Notice URLs

- http://www.isio.com
- https://www.birmingham.ac.uk/index.aspx

## 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-02fd04. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-02fd04.json.