Awarded contract

Independent Review of the Annual Valuation for the PPF

Details

Value
£144,000
Duration
4 years
Topic
Financial consultancy services
Published
12 December 2023

Tender description

The Chief Actuary is required by legislation to produce an annual valuation of the fund which forms part of the PPF's Annual Report & Accounts. Given the complexity and high-profile nature of the work, the Appointed Actuary has concluded that the valuation should be subject to an independent peer review. The contract term is 4 years.

Timeline

  1. Completed: Award date27 October 2023
  2. Completed: Award published12 December 2023
    Current notice
  3. Next: Contract expiry date26 October 2027in 12 months

About the buyer

The Pension Protection Fund protects members of defined benefit pension schemes across the UK, and buys as a central organisation. Public sector framework agreements are used where appropriate for goods and services. Contracts follow standard terms made up of an order form and core terms, with addendums covering information security, modern slavery and data protection. Nine specialist panels and frameworks support its assessment work, from legal to audit and actuarial services.

Over the past 5 years, most of the Pension Protection Fund's contract awards have been in IT services, business services and software and information systems.

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Decision makers

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