Pension fund management services
Published
Supplier(s)
Value
Description
He University of Edinburgh staff benefits scheme is the defined benefit pension arrangement for support staff within the University of Edinburgh. Established in 1968, the current market value of the scheme is circa GBP 450 million and has approximately 1 800 active, 2 000 deferred and 2 000 pensioner members. The scheme actuary requirements will be to carry out all statutory duties in respect of the scheme’s triennial valuation including but not limited to: Actuarial valuation of the scheme at least once every 3 years by a qualified scheme actuary, All actuarial certification required including rates of contributions, Annual funding updates, highlighting the financial implications of significant events and indicating changes in the level of coverage of the scheme’s liabilities by its assets since the last actuarial valuation and any implications for contribution levels, actuarial factors used in the administration of the scheme, costing and confirmation of effect of any proposed benefit structure changes, individual calculations as required, collation of all information required for PPF levy and input of information to the relevant statutory body, and provision of PPF levy estimates, assistance with contingent asset certification/recertification, preparation of wording of summary annual report and summary funding statements and review of member documentation, scheme Trust Deed and rule, provision of verbal/written reports for meetings as necessary, provision of robust advice on regulations, best practice,operational practice and other pension matters, legislative changes and accounting issues and production of annual calculations and advice for University accounting disclosures, e.g. FRS102, provision of any other such duties as may be required to meet legislative requirements. Tenderers may specify other recommendations for improvements in service delivery or quality. Provision of a highly efficient service to members with robust workflow processes to facilitate a UK defined benefit pension arrangement, provision of online modelling tools to allow members to produce self-service data for retirement planning, provision of suitable data transfer mechanisms to allow upload of relevant member data from the University’s central HR/payroll system, Provision of accurate and timely standard and ad-hoc management information and reports, and other projects or services related to scheme administration, Provision of a dedicated named point of contact available for University staff supported by a team of experienced staff, Provision of a secure UK based administration system for data management with appropriate business continuity processes in place, Provision of a service that complies with the regulatory framework relevant to UK pensions and the SBS pension scheme rules. Cash management Operation and maintenance of the Trustee Bank Account including bank reconciliations and processing of payments, Maintaining a cashbook for recording payments and receipts. Pension scheme accounting Completion of statutory returns, Preparation of annual Trustee Report and Accounts, Drafting and preparation of annual members’ report, Facilitation of annual audit. Pensioner payroll General payroll management, Payslip and P60 production, Statutory changes/returns, Routine pensioner existence checks. The Trustees require advice on all aspects of scheme investment, specifically investment advice is sought for Investment strategy development and review, Selection, monitoring, review and reporting on the performance of investment fund managers, attending, supporting and arranging presentations made by the incumbent or prospective investment managers, quarterly reporting to and attendance at four investment sub-committee meetings per annum, reporting on the performance of managers against benchmarks and the overall investment performance of the scheme, general advice in respect of the scheme’s investment activities including Trustee education.
Timeline
Publish date
4 years ago
Award date
4 years ago
Buyer information
University of Edinburgh
- Email:
- Gordon.Whittaker@ed.ac.uk
Explore contracts and tenders relating to University of Edinburgh
Go to buyer profileSource
Ted (OJEU)To save this opportunity, sign up to Stotles for free.
Save in appTender tracking
Access a feed of government opportunities tailored to you, in one view. Receive email alerts and integrate with your CRM to stay up-to-date.
Proactive prospecting
Get ahead of competitors by reaching out to key decision-makers within buying organisations directly.
360° account briefings
Create in-depth briefings on buyer organisations based on their historical & upcoming procurement activity.
Collaboration tools
Streamline sales workflows with team collaboration and communication features, and integrate with your favourite sales tools.
Explore similar tenders and contracts
Browse open tenders, recent contract awards and upcoming contract expiries that match similar CPV codes.
- Awarded
Independent Investment Advisor for the Staffordshire Pension Fund
Staffordshire County Council175,000 GBPPublished 3 days ago
- Awarded
SE Pension Scheme – Administrative, Actuarial and Ancillary Services
Scottish Enterprise1,835,750 GBPPublished 2 months ago
- Awarded
SE Pension Scheme – Administrative, Actuarial and Ancillary Services
Scottish Enterprise1,835,750 GBPPublished 2 months ago
- Awarded
TEN-2324-028 - Sustainable timberland consultancy
National Employment Savings Trust (NEST) Corporation89,540 GBPPublished 2 months ago
- Awarded
Actuarial Services for the Staffordshire Pension Fund
Staffordshire County Council3,285,000 GBPPublished 2 months ago
Explore other contracts published by University of Edinburgh
Explore more open tenders, recent contract awards and upcoming contract expiries published by University of Edinburgh.
- Awarded
Purchase of Magnafodipir Investigational Agent
University of Edinburgh90,000 GBPPublished 24 days ago
- Awarded
EC1008 Theatrical Rigging Systems LOLER Inspection & Testing Contract
University of EdinburghPublished 2 months ago
- Awarded
EC1008 Theatrical Rigging Systems LOLER Inspection & Testing Contract
University of EdinburghPublished 2 months ago
Explore more suppliers to University of Edinburgh
Sign upExplore top buyers for public sector contracts
Discover open tenders, contract awards and upcoming contract expiries of thousands of public sector buyers below. Gain insights into their procurement activity, historical purchasing trends and more.
- Harborough District Council
- Procurement for Housing
- STAFFORDSHIRE AND LANCASHIRE COMMISSIONING SUPPORT UNIT
- Passenger Transport Unit
- The Growth Company
- Carterton Town Council
- Thomas Deacon Education Trust
- Minehead Town Council
- Otford Parish Council
- Lordswood Boys' School
- The Wren School
- William Willett Learning Trust
- Wrotham Road Primary School
Explore top sources for public sector contracts
Stotles aggregates public sector contract data from every major procurement data source. We ingest this data and surface the most relevant insights for our users. Explore our list of public sector procurement data sources below.