Awarded
The Provision of Actuarial Services to Equalise Guaranteed Minimum Pensions (GMP) for Members GMP Implementation Phase III
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Descriptions
Actuarial services to equalise guaranteed minimum pensions for Members and the application of a Statutory Minimum. A service to calculate the uplift in benefits (if any), plus any arrears due (where relevant) in respect of GMP equalisation (and the underpin) for the remaining members of the “backbook” of the PPF. The backbook comprises members of schemes which transferred to the PPF prior to 1 June 2013 and contracted out via the GMP method. A small number of schemes that transferred after 1 June 2013 that were given permission to transfer before equalising for GMPs are also included in the scope. The following optional services may be provided by the Service Provider upon written agreement by the Parties; Average Approaches, Extra Data Validation, Additional Calculations and Amendments to the Build. Full details of the PPF's requirements are set out in the procurement documentation. Procurement documentation can be accessed here https://ppf.bravosolution.co.uk
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Tender Regions
CPV Codes
66522000 - Group pension services
66523000 - Pension fund consultancy services
66519000 - Engineering, auxiliary, average, loss, actuarial and salvage insurance services
Keywords
loss protection
marine salvage cover
group retirement fund
salvage insurance
actuarial services
retirement plan advisory
pension fund advice
corporate pension plans
pension scheme design
technical risk insurance
pension fund review
employee pension schemes
marine average insurance
pension consultancy
catastrophe risk underwriting
pension scheme optimization
collective pension program
pension compliance consultancy
strategic pension planning
organizational pension fund
pension regulatory advice
employer-sponsored pension service
group retirement planning
actuarial insurance consulting
engineering risk insurance
multi-employer pension services
auxiliary insurance cover
trustee advisory services
defined benefit scheme service
workplace pension administration
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