PENSION PROTECTION FUND · Awarded contract

Awarded

Provision of Actuarial Services for GMP Equalisation Phase III by Spence & Partners

Awarded 03 Aug 2016

View live tenders

Awarded03 Aug 2016

Value£200,000.00

SupplierSpence & Partners Limited

AgencyPENSION PROTECTION FUND

RegionLondon

CategoryFinance & Insurance

Ended 9y 3mo ago12mo term

Awarded 3 Aug 2016Expired 2 Aug 2017

About

PENSION PROTECTION FUND awarded a contract to Spence & Partners Limited for actuarial services to equalise guaranteed minimum pensions (GMP) for members and apply a Statutory Minimum.

The service calculates the uplift in benefits (if any) plus any arrears due in respect of GMP equalisation and the underpin for remaining members of the PPF's backbook, comprising members of schemes transferred to the PPF prior to 1 June 2013 that contracted out via the GMP method, and a small number of schemes transferred after 1 June 2013 with permission to transfer before equalising for GMPs.

Optional services include Average Approaches, Extra Data Validation, Additional Calculations and Amendments to the Build.

The contract value is AUD 200,000.

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