Actuarial Advice
Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services
Award criteria
price
Buyer: AHDB →
The actuarial advisory services are in respect of two legacy Defined Benefit pension schemes, distinct from the requirements of the schemes themselves which appoint their own actuary. AHDB is the sponsoring employer of the Home-Grown Cereals Authority Pension Plan (“HGCA Plan”) and the Meat and Livestock Commission Pension Scheme (“MLC Scheme”). The procurement was split into two Lots: - Lot 1 – Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services in respect of the HGCA Plan and the MLC Pension Scheme - Lot 2 – IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation) for the MLC Pension Scheme only.
UK · UK
Actuarial Advice: the provision of actuarial advice on funding, accounting, strategy and related services
Award criteria
price
IAS19 Calculation: to provide AHDB with IAS19 Calculations (or such calculations as are required under the prevailing pensions accounting legislation).
Award criteria
price
| Item | Category | Quantity |
|---|---|---|
| 1 | Actuarial services | Not published |
| 2 | Actuarial services | Not published |
Benchmarked against retained Find a Tender procedures with CPV division 66. The category anchor is Actuarial services (66519600); this is a deliberately broad market comparator. The comparison is shown at several levels rather than pretending one company or region is always the best benchmark.
| Comparison set | Procedures | Reported bids per procedure | Named award suppliers | Price evidence |
|---|---|---|---|---|
| Market: CPV division 66 | 2,758 | 3 median · 17.2 average (1,184 of 2,758 with a bid count) | 2.5 average (1,316 of 2,758 with named award suppliers) | Not published |
| Same buyer | 0 | Not published | Not published | Not published |
| Delivery region: UK | 893 | 5 median · 28.1 average (349 of 893 with a bid count) | 3.3 average (388 of 893 with named award suppliers) | Not published |
“Reported bids” is an official aggregate, sometimes reported per lot; it is the closest available competition measure. “Named award suppliers” are winners, not all applicants.
Not enough comparable procedures currently publish both a GBP tender value and a usable lowest-valid-bid value to calculate a responsible price-reduction benchmark. Tenderline deliberately does not infer a saving from named award suppliers or from missing award values.
No planning milestones published.
No linked framework, prior procurement or reprocurement published.
No documents are published in the current source record.
Diagnostic view. “Not published” means this current release does not provide a value.
| OCID | ocds-h6vhtk-029f7d |
|---|---|
| Latest release ID | 019129-2021 |
| Latest release timestamp | Fri Aug 06 2021 21:44:07 GMT+0000 (Coordinated Universal Time) |
| Source | find-a-tender |
| Official notice URL | Not published |
| Tender status | complete |
| Procurement method | open |
| Procurement method details | Open procedure |
| Main procurement category | services |
| Above threshold | Not published |
| Legal basis | 32014L0024 |
| Tender period: start | Not published |
| Tender period: end | Not published |
| Expression of interest deadline | Not published |
| Enquiry deadline | Not published |
| Award period: start | Not published |
| Award period: end | Not published |
| Submission method details | Not published |
| Submission languages | Not published |
| Electronic catalogue policy | Not published |
| Total tender value | Not published |
| Tender lots in source | 2 |
| Tender items in source | 2 |
| Tender documents in source | 0 |
| Awards in latest release | 2 |
| Contracts in latest release | 2 |
| Parties in latest release | 4 |
| Date | Event | Reference |
|---|---|---|
| 6 Aug 2021 | award, contract | 019129-2021 |
| 25 Mar 2021 | tender | 006155-2021 |
Unmodified official OCDS data retained by Tenderline for this procurement process.
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"description": "•\tTo support AHDB in managing the legacy pension arrangements, including the minimisation of volatility and cost. \n•\tActuarial valuation – to support AHDB in discussions with the Trustees on triennial actuarial valuations, including agreement of funding assumptions. \n•\tAccounting services - to advise on assumptions and methodology to be used and comment on and query as appropriate IAS19 calculations provided to the employer by the Scheme Actuaries, or the Supplier for Lot 2, including supporting AHDB in discussions with the National Audit Office (NAO) who audit the report and accounts. \n•\tAd hoc projects – to work with AHDB and the Trustees on other projects – for example, proposed pensions change consultations potential liability management exercises to reduce current and future risk.",
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