---
title: "CS1039 A & E - Specialist Actuarial Consultancy"
ocid: "ocds-h6vhtk-0782d3"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0782d3"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0782d3.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0782d3.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "Pension Protection Fund"
published: "2026-10-07"
---

# CS1039 A & E - Specialist Actuarial Consultancy

Buyer: Pension Protection Fund  
Current stage: Award  
OCID: ocds-h6vhtk-0782d3

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## Summary

The Pension Protection Fund commissioned specialist actuarial consultancy for two independent reviews: its Funding Framework and its Long-Term Risk Model. The framework review covers objectives, risk thresholds, methodology and governance, taking account of changes since the framework was last published in September 2022, and will support an updated funding strategy and governance framework. The model review examines the methodology, implementation, controls and governance of the model used to assess the Fund’s long-term funding position and risks, including its evolution from Excel/VBA to the Tyche platform. The purpose is to provide assurance that the framework and model remain robust and fit for funding strategy and risk management. The work is for the Fund and is delivered in the United Kingdom. This is actuarial consultancy services (CPV 66519600).

The procurement is complete and awarded to Aon Solutions UK Ltd. The award was made on 11 May 2026 for £249,500 gross. The contract was signed on 7 October 2026 and runs from 8 October to 31 December 2026. The requirement was procured through a selective procedure as an award under a framework, and was not a competitive framework call-off. The procurement was divided into one lot covering both reviews. The award is active, and the contract is active. The stated scope calls for independent reviews of the Funding Framework and Long-Term Risk Model; the published process information does not set out further evaluation criteria or bidder eligibility conditions.

For actuarial consultancies, this award shows the Pension Protection Fund buys independent specialist assurance across both funding strategy frameworks and long-term risk models. A credible competitor for comparable work would need to review objectives, risk thresholds and methodology, alongside governance, controls and implementation, and turn findings into practical support for an updated funding strategy. Relevant experience would include assessing models used to understand long-term funding positions and associated risks, including systems that have evolved from spreadsheet-based tools to platforms such as Tyche. The supplier must be able to provide sufficiently independent scrutiny and assess whether complex actuarial frameworks and models remain robust, reliable and fit for purpose. The appointment was made through a framework award, so framework access and the ability to compete for call-offs are commercially relevant to suppliers targeting this buyer’s specialist actuarial consultancy needs.

## Notice

CS1039 A - Funding Framework Review Specialist actuarial consultancy services to undertake an independent review of the Pension Protection Fund's Funding Framework. The review will assess the framework's objectives, risk thresholds, methodology and governance arrangements, taking account of significant changes in the operating environment since the framework was last published in September 2022. The services will support the development of an updated funding strategy and associated governance framework. CS1039 E - Long-Term Risk Model (LTRM) Review Specialist actuarial consultancy services to undertake an independent review of the PPFs Long-Term Risk Model (LTRM). The LTRM is a key model used to assess the PPF's long-term funding position and associated risks and has evolved considerably since its original development, including a transition from Excel/VBA to the Tyche platform in 2019. The review will assess the model's methodology, implementation, controls and governance to provide assurance that it remains robust, reliable and fit for purpose in supporting the PPF's funding strategy and risk management objectives.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/094821-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Selective |
| Procurement method details | Award under framework |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 Oct 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 11 May 2026 |
| Contract period | 8 Oct 2026 - 31 Dec 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £249,500 |
| Contracts value | £249,500 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | Pension Protection Fund |
| Locality | CROYDON |
| Postcode area | Croydon |
| Postcode | CR0 2NA |
| Country | England |
| ITL 1 | TLI London |
| ITL 2 | TLI6 Outer London - South |
| ITL 3 | TLI62 Croydon |
| Local authority | Croydon |
| Electoral ward | Fairfield |
| Westminster constituency | Croydon West |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | Aon Solutions UK Limited |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66519600 - Actuarial services

## Release History

- 7 Oct 2026 at 14:41 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/094821-2026
- 7 Oct 2026 at 14:27 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/094797-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/094821-2026
  7th October 2026 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/094797-2026
  7th October 2026 - Contract award notice on Find a Tender

## Notice URLs

- http://www.ppf.co.uk
- https://www.find-tender.service.gov.uk/api/1.0/ocdsReleasePackages/ocds-h6vhtk-05196d
- 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-0782d3. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0782d3.json.