Official UK procurement notice
Actuarial Services · UK public procurement notice
Authority: East Riding of Yorkshire Council (Local council)·Consortium: 17 public authorities
What is being bought5 lots · detail below
Published requirement descriptionThis exercise was a call for competition under Lot 1 of the National LGPS Framework for Actuarial, Benefits and Governance Consultancy Services (Reference Number NCCT41941) for the procurement of Actuarial Services to the East Riding Pension Fund (ERPF) from 01 April 2023 to 31 March 2033.
CPV: Pension fund administration services · Pension fund consultancy services · Pension services
Lots and requirements (5)Procurement structure
5 lots · no lot values published · evaluation weights differ by lotLot #1Actuarial ServicesAwarded UK, Yorkshire & Humber
Lot #2Benefits ConsultancyAwarded UK
Benefits Consultancy Services including but not limited to:Providing information and adviceWorking with stakeholdersReviewing processes, structures and policiesSupporting projects and provision of services
Lot #3Governance ConsultancyAwarded UK
Governance Consultancy Services including but not limited to:Providing information and adviceWorking with stakeholdersReviewing processes, structures and policiesSupporting projects and provision of services
Lot #4Funding Risk Advisory ServicesAwarded UK
Funding Risk Advisory Services including but not limited to:Advice on the integration of investment and funding strategy (along with covenant if applicable) e.g. funding level, by employer type, cashflow profile etc. Asset/Liability modelling to support any recommendations, with potential changes to strategy and rationale.Advice, detailed covenant analysis and general support in assessing covenant risk and proactive engagement with employers in financial difficultiesAdvice on risk budgets (in terms of ultimate objectives e.g. contributions tolerance) and flexing these as funding levels evolve.Development of monitoring metrics and tools to track progress and keep stakeholders informed of progress against strategic objectives (mindful of risk parameters).Provision and/or interpretation of scenario-based analysis aligned to possible risks and their outcomes.Development of tools/frameworks to facilitate discussion with stakeholders on strategy change e.g. employer paths from entry to exit.Advice and support on policy development and principles for use of ancillary risk management tools.
Lot #5Consultancy Services to Support Specialist ProjectsAwarded UK
Discrete pieces of specialist, pensions-related work including, but not limited to:LGPS asset management restructuring (asset pooling)Change managementProject managementRegulatory and best practice compliance reviews (including, but not limited to, compliance with MHCLG and The Pensions Regulator requirements)Data Quality, Validation Audits and improvement supportSupport for bulk exercises e.g. trivial commutation data cleansing, frozen refund tracingAVC Reviews and AdviceEmployer covenant analysis and funding policy implications where appropriatePensions taxation advice, including support on annual and lifetime allowance calculationsReviews and guidance on structures and their effectiveness
What it takes to wini
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Evaluation split and conditions of participation as published; the tender pack may add morei
How this buyer will score bids.
The evaluation criteria and weights exactly as published on the notice, grouped by family (price, quality, social value and so on).
Lots publish different evaluation splits; there is no single procedure weighting.
| Lot | Quality | Price | Split |
|---|---|---|---|
| 1 · Actuarial Services | 70% | 30% | |
| 2 · Benefits Consultancy | 80% | 20% | |
| 3 · Governance Consultancy | 80% | 20% | |
| 4 · Funding Risk Advisory Services | 80% | 20% | |
| 5 · Consultancy Services to Support Specialist Projects | 80% | 20% |
- Price carries 20–30 points depending on the lot; most lots put it at 20 points.
Price arithmetic assumes straight proportional scoring; the tender pack may use another formula.
Procedure terms & legal framework
From the official record · publisher note attached- Procedure method
- Restricted procedure
- Legal basis
- CELEX · 32014L0024 Public Contracts Regulations 2015 (Directive 2014/24/EU)
- Procurement category
- Services
- Notice status
- Awarded
- Procurement threshold
- Unspecified in notice
- Regulatory regime
- Standard
- Commercial structure
- Stand-alone contract (no framework)
- Competition type
- Competitive procedure
- GPA / WTO covered
- Yes (GPA)
- Recurring procurement
- No (one-off requirement)
- First published
- 12 Jan 2021, 17:56 GMT
- Last source update
- 28 Feb 2023, 16:09 GMT
- Award evaluation window
- 22 Feb 2021 – …
- Authority reference
2239-23- FTS notice number
2023/S 000-005904- Classification (CPV)
- Delivery area
- Official registry OCID
ocds-h6vhtk-0289b8Find a Tender
- Review procedure
Procurement procedures include a minimum 10 calendar day standstill period at the point information on the award of the contract is communicated to bidders. This period allows unsuccessful bidders to seek further debriefing from the contracting authority before the contract is entered into. Such information should be requested from East Riding of Yorkshire Council. If an appeal regarding the award of a contract has not been successfully resolved, the Public Contract Regulations 2015 provide for aggrieved parties who have been harmed or are at risk of harm by a breach of the rules to take action in the High Court (England, Wales and Northern Ireland). Any such action must be brought promptly.
Publisher note: Please note the Value of the Framework Agreement of £350,000,000 is an estimate as there is no guarantee of business.
How it was run
Official notice- Submission deadline
- 22 Feb 2021, 10:00 GMT
- Submission channel
- {"written"}
- Accepted languages
- en
- Bid validity
- 90 days from the deadline
- Bids opened
- 22 Feb 2021, 10:05 GMT
Timeline
22 Feb 2021 → 28 Feb 2023 · 3 dates- Submission deadline22 Feb 2021, 10:00 GMT
- Bids opened22 Feb 2021, 10:05 GMT
- Notice published28 Feb 2023, 16:09 GMT
Notice history
4 events · 3 releases on Find a Tender · since 10 May 2021- Status changed to complete10 May 2021, 13:08 BST
- Buyer details updated10 May 2021, 13:08 BST
- Procurement method changed28 Feb 2023, 16:09 GMT
- Buyer details updated28 Feb 2023, 16:09 GMT
Commercial outcome & contract awards
Published awards, contracts and bid statistics, not a forecast| Awarded to | Value | Date | Status |
|---|---|---|---|
| Lot 1 · Actuarial Services2 awards | |||
| Hymans Robertson | £3,359,169 † | — | Awarded |
| Aon Solutions UK Limited, Barnet Waddingham LLP, Hymans Robertson, Mercerjoint award | £350,000,000 † | — | Awarded |
| Lot 2 · Benefits Consultancy1 award | |||
| Aon Solutions UK Limited, Barnett Waddingham LLP, Hymans Robertson, Mercerjoint award | £350,000,000 † | — | Awarded |
| Lot 3 · Governance Consultancy1 award | |||
| Aon Solutions UK Limited, Barnett Waddingham LLP, Hymans Robertson, Mercer, Muse Advisory LtdSMEjoint award | £350,000,000 † | — | Awarded |
| Lot 4 · Funding Risk Advisory Services1 award | |||
| Aon Solutions UK Limited, BDO LLP, Barnett Waddingham LLP, Hymans Robertson, Mercer, PricewaterhouseCoopers LLPjoint award | £35,000,000 † | — | Awarded |
| Lot 5 · Consultancy Services to Support Specialist Projects1 award | |||
| Aon Solutions UK Limited, Barnett Waddingham LLP, Deloitte, Government Actuary's Department, Hymans Robertson, Mercer +2 morejoint award | £350,000,000 † | — | Awarded |
Contracts
Actuarial Services · Hymans Robertson
- Signed
- 20 Feb 2023
- Value
- £3,359,169
- Status
- active
Actuarial services · Aon Solutions UK Limited, Barnet Waddingham LLP, Hymans Robertson, Mercer
- Signed
- 5 May 2021
- Value
- £350,000,000
- Status
- active
Benefits Consultancy · Aon Solutions UK Limited, Barnett Waddingham LLP, Hymans Robertson, Mercer
- Signed
- 5 May 2021
- Value
- £350,000,000
- Status
- active
Governance Consultancy · Aon Solutions UK Limited, Barnett Waddingham LLP, Hymans Robertson, Mercer, Muse Advisory LtdSME
- Signed
- 5 May 2021
- Value
- £350,000,000
- Status
- active
Funding Risk Advisory Services · Aon Solutions UK Limited, BDO LLP, Barnett Waddingham LLP, Hymans Robertson, Mercer, PricewaterhouseCoopers LLP
- Signed
- 5 May 2021
- Value
- £35,000,000
- Status
- active
Consultancy Services to Support Specialist Projects · Aon Solutions UK Limited, Barnett Waddingham LLP, Deloitte, Government Actuary's Department, Hymans Robertson, Mercer +2 more
- Signed
- 5 May 2021
- Value
- £350,000,000
- Status
- active
Bid statistics published by the authority
| Lot | Bids | SME | VCSE | Valid bid range |
|---|---|---|---|---|
| 1 · Actuarial Services | 4bids · 4 electronic · 4 from abroad | 0 | — | — |
| 2 · Benefits Consultancy | 5bids · 5 electronic · 5 from abroad | 1 | — | — |
| 3 · Governance Consultancy | 5bids · 5 electronic · 5 from abroad | 1 | — | — |
| 4 · Funding Risk Advisory Services | 8bids · 8 electronic · 8 from abroad | 0 | — | — |
| 5 · Consultancy Services to Support Specialist Projects | 13bids · 13 electronic · 13 from abroad | 1 | — | — |
Contracting authority & participating public bodies
15 public bodies on the noticeConsortium members and other public bodies
- (The Mayor and Burgesses of the) London Borough of HackneyContracting authority
- Environment Agency (as Administering Authority of the Environment Agency Pension fund)Contracting authority
- Essex County Council (as Administering Authority of the Essex Pension Fund)Contracting authority
- Flintshire County Council (as Administering Authority of the Clwyd Pension Fund)Contracting authority
- Hampshire County Council (as Administering Authority of the Hampshire Pension Fund)Contracting authority
- Lincolnshire County Council (as Administering Authority of the Lincolnshire County Council Pension Fund)Contracting authority
- Middlesbrough Council (as Administering Authority for Teesside Pension Fund)Contracting authority
- Norfolk County CouncilContracting authorityRegional or local authorityGeneral public services
- Norfolk County Council (As administering authority for Norfolk Pension Fund)Contracting authority
- South Yorkshire Pensions AuthorityContracting authority
- Suffolk County Council (As Administering Authority of the Suffolk Pension Fund)Contracting authority
- Surrey County Council (as Administering Authority of the Surrey Pension Fund)Contracting authority
- Tameside Metropolitan Borough Council (as Administering Authority of the Greater Manchester Pension Fund)Contracting authority
- Wolverhampton City Council (as Administering Authority of the West Midlands Pension Fund)Contracting authority
Bidders & participating suppliers
14 commercial parties on the notice- Aon Solutions UK LtdAwarded supplier
- BDO LLPAwarded supplier
- Barnet Waddingham LLPAwarded supplier
- Barnett Waddingham LLPAwarded supplier
- Deloitte LLPAwarded supplier
- Government Actuary’s DepartmentAwarded supplier
- Hymans Robertson LLPAwarded supplier
- Hymans Robertson LLPAwarded supplier
- Mercer Awarded supplier
- Mercer LtdAwarded supplier
Show 4 more suppliers
- Muse Advisory LtdAwarded supplier
- Paymaster (1836) Ltd t/a EquinitiAwarded supplier
- PricewaterhouseCoopersAwarded supplier
- PricewaterhouseCoopers LLPAwarded supplier
Official documents & specifications (2)
Official links; attachments are not copiedTender pack and attachments
- Economic and financial selection criteria
- Technical selection criteria