A Multi-Provider Framework Agreement for the Provision of Actuarial and Benefit Consultancy Services

A Multi-Provider Framework Agreement for the Provision of Actuarial and Benefit Consultancy Services

REFERENCE 2011/S 239-387579
A Multi-Provider Framework Agreement for the Provision of Actuarial and Benefit Consultancy Services

Awarding body Cambridgeshire County Council
Est. Start Date:     07/06/2012
Est. End Date:     06/06/2016
Description
Norfolk County Council, on its own behalf and on behalf of Lincolnshire, Cambridgeshire, Northamptonshire, Derbyshire and Buckinghamshire County Councils and the London Borough of Croydon, wishes to let a multi-provider framework agreement for actuarial and benefits consultancy services.

The framework agreement will be let by Norfolk County Council, as contracting authority. Norfolk is working closely with the following authorities, who have expressed an intention to procure services under the framework.
• Norfolk County Council
• Cambridgeshire County Council
• Northamptonshire County Council
• Lincolnshire County Council
• Buckinghamshire County Council
• Derbyshire County Council
• London Borough of Croydon

Initial discussions have been held with a number of other Funds, including NILGOSC.
The framework may also be used by:
• any administering authorities and any of their participating employing authorities as defined in the Local Government Pension Scheme (Administration) Regulations 2008/239 and the Local Government Pension Scheme (Administration) (Scotland) Regulations 2008 as amended by SSI 2011/349; and
• the Committee (the NILGOSC) and employing authorities as defined in the Local Government Pension Scheme (Administration) Regulations (Northern Ireland) 2009 / SRNI 2009/33.

Please note:
Conditions for obtaining specifications and additional documents or descriptive document
Time limit for receipt of requests for documents or for accessing documents: 26.1.2012 – 14:00
Time limit for receipt of tenders or requests to participate
1.2.2012 – 14:00

Applicants are invited to complete this PQQ so that we may select appropriate providers to take to Invitation to Tender Stage.

Lot No: 1 Lot title: Actuarial Services
Actuarial advice including but not limited to advice about outsourcing / reshaping service delivery, actuarial advice to new or existing participating employers, advice on fund governance, attendance at meetings as required by Administering Authorities or participating employers, support for and supply of scheme communication and advice for scheme members and employers as required, completion of the triennial Actuarial Valuation exercise in accordance with the LGPS governing regulations (to include preparation of individual valuation positions for each participating employer),Funding Strategy Statement preparation and advice, providing responses to auditors of administering authorities and participating employer bodies in respect of the financial reporting of Pensions and any other matters arising, undertaking Asset Liability Studies (every three years or more frequently if required), completion of Actuarial Valuation at the date of cessation of an admission body to assess any termination liabilities arising, Annual accounting valuations of pension liabilities (in accordance with FRS17 / IAS19 requirements or any such standard as is in force) – including the calculation of opening positions for new employers,preparation of pensions information on behalf of participating employers for inclusion in tender documentation when letting services that includes the transfer of staff who are members of the LGPS, calculation of opening positions (level of assets and liabilities) for new participating employers and the calculation of the appropriate employer contribution rate at commencement, calculation and actuarial advice relating to the consideration of an appropriate bond or other guarantee either where an authority is entering into a transferee admission agreement with a contracting party or other circumstance and Provision of appropriate actuarial factors as prescribed by the LGPS governing regulations e.g. strain costs on early retirement.

Lot No: 2 Lot title: Benefits Consultancy
The provision of benefits advice including but not limited to advice about outsourcing / reshaping service delivery, benefit advice to new or existing participating employers, advice on fund governance, attendance at meetings as required by Administering Authorities or participating employers and support for and supply of scheme communication and advice for scheme members and employers as required.

Please note that there is a bidders day at 11:30am on 10th January 2012
Venue : Henderson Global Investors
201 Bishopsgate
LONDON
EC2M 3AE
Please note that a maximum of two representatives from each potential tenderer are invited to attend. Please confirm your attendance by email to: sourcingteam@norfolk.gov.uk.

Full Details can be found here:
http://ted.europa.eu/udl?uri=TED:NOTICE:387579-2011:TEXT:EN:HTML&src=0

Additional information
Contract Type     One off
Procurement Process     Restricted Tender
Estimated ValueText Description     between £15,000,000 and £350,000 000
Category     Pension Funds,
CPV codes     66000000,
Suitable for SME     YES
Document Available Until
26 January 2012
about 1 month
Submission Return By
1 February 2012
about 1 month
Contact Details

Norfolk County Council
Julie Ward 01603 223342
County Hall,
Martineau Lane,
Norwich,
NR1 2DH
sourcingteam@norfolk.gov.uk

This contract is being managed by Cambridgeshire County Council . To request documentation contact sourcingteam@norfolk.gov.uk

Full Details can be found here:
http://ted.europa.eu/udl?uri=TED:NOTICE:387579-2011:TEXT:EN:HTML&src=0
http://www.sourcederbyshire.co.uk/contracts/show/id/6349