---
title: "CS1039 C - ACS Risk Methodology"
ocid: "ocds-h6vhtk-0783c2"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-0783c2"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-0783c2.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-0783c2.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "Pension Protection Fund"
published: "2026-10-08"
---

# CS1039 C - ACS Risk Methodology

Buyer: Pension Protection Fund  
Current stage: Award  
OCID: ocds-h6vhtk-0783c2

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## Summary

The Pension Protection Fund commissioned actuarial services to review the methodology used to calculate levies for Alternative Covenant Schemes (ACSs). The work has two stages: an interim review to identify changes appropriate for levy year 2027/28, particularly in response to introducing indexation on compensation tranches for pre-1997 service, followed by a more fundamental review of the approach for levy years 2028/29 onwards. The buying organisation is the Pension Protection Fund. The services are for the Fund’s levy-setting work, with delivery in the United Kingdom.

The procurement is complete and the contract has been awarded to Hymans Robertson LLP, which also signed the contract. The Pension Protection Fund used a below-threshold limited competition. There was one lot, marked complete. The contract was signed on 8 October 2026 and runs from 9 October 2026 to 31 March 2027. Its value is £65,787 excluding VAT (£78,945 including VAT). The award is active. The procurement information describes the intended two-stage review: an interim assessment for levy year 2027/28, with particular attention to pre-1997 compensation indexation, and a fundamental review for 2028/29 onwards. No separate award date or evaluation criteria are stated.

This award shows demand from the Pension Protection Fund for specialist actuarial advice on assessing the risk and levy methodology for Alternative Covenant Schemes. A credible competitor for comparable work would need actuarial capability and experience reviewing levy calculations, understanding pension compensation arrangements and assessing how changes to indexation affect scheme risk and funding. The work combines a near-term review of specific methodological changes with a deeper redesign of the approach for later levy years, so suppliers need to handle both targeted analysis and longer-term methodology development. The buyer selected a large actuarial consultancy through a limited competition, indicating that relevant technical expertise and the capacity to deliver a staged review are central to competing for this kind of requirement.

## Notice

The PPF are seeking to review the methodology used to calculate levies for Alternative Covenant Schemes (ACSs). This will be a two-stage process, namely: 1. an interim review to determine appropriate changes for levy year 2027/28, particularly in light of the introduction of indexation on PPF compensation tranches which relate to pre 97 service ('pre 97 indexation'); and 2. a more fundamental review to determine the approach for levy year 2028/29 onwards.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/095206-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Limited |
| Procurement method details | Below threshold - limited competition |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Oct 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | Not specified |
| Contract period | 9 Oct 2026 - 31 Mar 2027 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £65,787 |

## 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 | Hymans Robertson LLP |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66519600 - Actuarial services

## Release History

- 8 Oct 2026 at 13:43 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/095206-2026

## Documents

- https://www.find-tender.service.gov.uk/Notice/095206-2026
  8th October 2026 - Contract details notice on Find a Tender

## Notice URLs

- http://www.ppf.co.uk
- 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-0783c2. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-0783c2.json.