Pension Protection Fund · Awarded contract
Awarded

Provision of Economic Scenario Model Licence and Services to Pension Protection Fund

Awarded 31 Jan 2022

View live tenders
Awarded31 Jan 2022
Value£1,534,253.00
SupplierOrtec Finance Ltd
AgencyPension Protection Fund
RegionLondon
CategoryFinance & Insurance
Expires in 3mo5y term, 95% elapsed
Awarded 31 Jan 2022Expires 30 Jan 2027

About

Pension Protection Fund awarded a contract to Ortec Finance Ltd for the procurement of a licence and associated services for an Economic Scenario Model (ESM) used in assumption-generation for medium and long-term modelling.

The solution provides real-world calibration of an appropriate timeframe, including outputs for a sufficiently broad range of asset classes given the investment strategy of the PPF and the pension schemes it protects, and facilitates the projection of liabilities of the PPF and those schemes.

The contract was awarded for an initial duration of 60 months, with options to extend for up to three further 12-month terms, bringing the total possible duration to 96 months.

The contract value is £1,534,253.

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