Awarded contract

Pensions Actuaries Provider - minicompetition - viia Actuarial, Benefits and Governance Consultancy Services Framework

Details

Value
£415,000
Duration
5 years
Published
26 June 2025

Tender description

The Local Government Pension Scheme (LGPS) is a national scheme administered on a local basis by the London Borough of Merton, providing current and future benefits for over fifteen thousand scheme members. The Fund is governed by the Superannuation Act 1972 and the Public Services Pensions Act 2013. The Fund is administered in accordance with all applicable current regulations and guidance. The actuarial service is a key part of the Merton pension fund operation. The actuary asses the pension fund’s assets and liability and help us to set the future contribution which formed part of the Council budget and other employers’ budgets. Estimated value:£415,000.00 Keywords: pension

Timeline

  1. Completed: Award published26 June 2025
    Current notice
  2. Completed: Award date1 September 2025
  3. Next: Contract expiry date31 August 2030in 4 years

About the buyer

London Borough of Merton is a local authority whose competitive tenders are run by its Commercial Services team. Framework agreements from the Crown Commercial Service, ESPO and YPO are used where appropriate. Quotations below the tender threshold must include one from a local provider or an SME. Merton has also signed the Small Business Friendly Concordat.

Over the past 5 years, most of London Borough of Merton's contract awards have been in construction work, IT services and health and social work.

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Decision makers

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