Awarded
The Provision of Actuarial Services to Equalise Guaranteed Minimum Pensions (GMP) for Members GMP Implementation Phase III
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
engineering risk insurance
auxiliary insurance cover
marine average insurance
loss protection
actuarial services
salvage insurance
marine salvage cover
catastrophe risk underwriting
technical risk insurance
actuarial insurance consulting
employee pension schemes
corporate pension plans
multi-employer pension services
group retirement planning
workplace pension administration
employer-sponsored pension service
collective pension program
defined benefit scheme service
organizational pension fund
group retirement fund
pension consultancy
retirement plan advisory
pension fund advice
pension scheme optimization
strategic pension planning
pension scheme design
pension regulatory advice
pension fund review
pension compliance consultancy
trustee advisory services
Tender Lot Details
2 Tender Lots
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Possible Competitors
1 Possible Competitors
