--- title: "Actuarial Services in Relation to Pensions" ocid: "ocds-h6vhtk-060b79" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-060b79" markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-060b79.md" json_url: "https://d3tenders.com/contract/ocds-h6vhtk-060b79.json" source: "Find A Tender Service" current_stage: "Planning" buyer: "BANK OF ENGLAND" published: "2026-01-21" --- # Actuarial Services in Relation to Pensions Buyer: BANK OF ENGLAND Current stage: Planning OCID: ocds-h6vhtk-060b79 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-h6vhtk-060b79) [Download OCDS JSON](https://d3tenders.com/contract/ocds-h6vhtk-060b79.json) ## Summary The Bank of England is in the planning stage of a procurement process for actuarial services related to pensions, with an anticipated start date for the contract in January 2027. The buying organisation, located in London, is seeking to engage potential suppliers through a soft market testing exercise. Businesses can participate in an online supplier engagement session scheduled for 3 February 2026, with registration required by 30 January 2026. The tender falls under the services category in the public sector, particularly focusing on pension fund management and consultancy in the UK region. This procurement opportunity from the Bank of England presents significant business growth prospects for companies specialising in actuarial and pension fund consultancy services. It is particularly suitable for firms with experience in providing triennial valuations, interim valuations, and collaborating with pension fund trustees. By engaging in this process, businesses can potentially secure a long-term contract that involves a substantial scope of work, thereby expanding their portfolio and credentials in the financial services industry. There is no formal competition at this planning stage, which allows firms to influence the service model and specification without immediate competitive bidding pressure. ## Notice THIS IS NOT A CALL FOR COMPETITION The Bank of England is considering commissioning an Actuarial Service. It is anticipated, dependent upon an engagement exercise, that tenders for this service would be issued in February 2026, to enable a new contract to begin from January 2027. As part of the tender process, the Bank is undertaking a soft market test. This gives potential providers and other stakeholders the opportunity to express their interests and feed in their views about the potential service model and specification principles. The Bank will use the information to appraise options and further develop the specification. Suppliers are further invited to attend an online supplier engagement session on 3 February 2026 at 11am. Interested parties are to register their interest at Corporate.Contracts@bankofengland.co.uk by 30 January 2026 with a subject line: Actuarial Service In Relation To Pensions (PME) . This process does not constitute a formal tender or other competitive bidding process and will not result in the letting of a Contract. The Bank is using this process solely to test the market to gather information and ascertain the level of interest in this particular service. There are therefore no formal criteria which we will use to judge your responses, and it is not our intention to provide any feedback. About the service Actuarial Services to be provided to the Bank of England on its Year End Accounts calculations and disclosures, pension costs forecasting for budgetary purposes, ad-hoc analysis and Private Medical Insurance costing and advice. The supplier will be required to provide Triennial valuations, annual interim valuations. They will be required to support the Bank in its interactions with the Pension Fund Trustees and their actuarial advisers through the valuation process and the approach to future fund contributions. Interested suppliers are requested to register for free on the Bank's e-procurement portal Proactis: https://supplierlive.proactisp2p.com/Account/Login Upon registration, the Request For Information Questionnaire can be found under the following project: RFX REQ/1000376 - Actuarial Service In Relation To Pensions (PME). Please note that the contract value included in this Notice is estimated and does not act as a commitment of spend by the Bank. During the life of the contract, the Bank is looking to tender for, it would only be required to pay for the services it uses. ### Planning Information A Soft Market Test questionnaire will be issued and the response window closes 30 January 2026 at 12 noon. Suppliers are further invited to attend an online supplier engagement session on 3 February 2026 at 11am. Interested parties are to register their interest at Corporate.Contracts@bankofengland.co.uk by 12 noon 30 January 2026. ## Key Details | Field | Value | | --- | --- | | Publication source | Find A Tender Service | | Latest notice | https://www.find-tender.service.gov.uk/Notice/005441-2026 | | Notice type | UK2 - Preliminary Market Engagement Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Not specified | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Planning | ## Dates | Field | Value | | --- | --- | | Publication date | 21 Jan 2026 | | Submission deadline | Not specified | | Future notice date | 30 Jan 2026 | | Award date | Not specified | | Contract period | 25 Jan 2027 - 24 Jan 2032 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £1,833,333 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Planning | | Lots status | Planning | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | BANK OF ENGLAND | | Locality | LONDON | | Post town | Central London | | Postcode | EC2R 8AH | | 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 | Walbrook | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66141000 - Pension fund management services - 66519600 - Actuarial services - 66523000 - Pension fund consultancy services ## Release History - 21 Jan 2026 at 15:51 - Planning - UK2 - Preliminary Market Engagement Notice - https://www.find-tender.service.gov.uk/Notice/005441-2026 ## Documents - https://www.find-tender.service.gov.uk/Notice/005441-2026 21st January 2026 - Preliminary market engagement notice on Find a Tender ## Notice URLs - https://supplierlive.proactisp2p.com/Account/Login - https://www.legislation.gov.uk/ukpga/2023/54/contents ## 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-060b79. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-060b79.json.