Awarded contract

BTA2116 - US Pension Scheme Actuarial Services

Details

Value
£408,000
Topic
Actuarial services
Published
3 October 2025

Tender description

Administration and Actuarial Services for the Group Pension Plan for Employees of VisitBritain based in the United States. Lot 1: Administration and Actuarial Services for the Group Pension Plan for Employees of VisitBritain based in the United States. Services include:<br/>Regular actuarial services.<br/>Understanding of IAS 19 (International Accounting Standard 19) requirements and annual reporting. <br/>Financial accounting valuation under IAS19.<br/>Funding valuations including required triennial valuations.<br/>Identify risk, issues and mitigations in relation to the existing or future US pension arrangements.

Timeline

  1. Completed: Award date24 September 2025
  2. Completed: Award published3 October 2025
    Current notice

About the buyer

VisitBritain / VisitEngland is a government organisation that promotes fair and open competition in its procurement. Requirements are met through Government Commercial Agency frameworks where they fit. Public framework agreements are used where they cover the need. Contracts are awarded on non-discrimination, equal treatment and transparency. Contracts above the threshold are categorised by risk and value, each with an assigned owner and manager.

No preferred supplier list is kept.

Over the past 5 years, most of VisitBritain / VisitEngland's contract awards have been in IT services, business services and software and information systems.

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