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The Pension Protection Fund (PPF) is seeking to procure a panel of specialist firms to provide administrative and actuarial services for its scheme assessment process. |
Building on the success of existing panels, the new panel will comprise four firms which can provide both administrative and actuarial services, replacing the current model of two separate panels. The new model will provide greater consistency and efficiency during the PPF assessment period, in order to maximise resources and achieve certainty for scheme members. Panellists will be required to carry out specific tasks relating to the PPF assessment period, working closely with the PPF, trustees and incumbent firms. Panellists may also be expected to carry out full administration and actuarial services as appropriate. The PPF expects to appoint the new panel in July, with work starting in August 2016. Successful panel members will be awarded initial contracts of two years, with the option of two further 12-month extensions. The procurement process opened on Tuesday 9 February. Potential applicants should register their interest online at ppf.bravosolution.co.uk where they will be able to download the tender documentation. The deadline for initial applications is 5pm on Friday, March 11 unless otherwise specified on Bravo. |
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