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Actuarial, Benefits and Governance Consultancy Services Framework

The Actuarial, Benefits and Governance Consultancy Services Framework is the flagship service of the National LGPS Frameworks, having been the first Framework launched when the programme began in 2012. This is the third iteration of the Actuarial Framework, launched in 2021, and has been streamlined and improved upon since the original.

Overview

The Actuarial, Benefits and Governance Consultancy Services Framework is available for Further Competition and Direct Award until 30th June 2025. Contracts awarded under the Framework may be let up for a maximum contract length of ten years and up to 30th June 2035 at the latest. Please remember if you are using a Framework, your contract award must be completed by the expiry date of the Framework (although contracts let under the Framework can be for longer periods).

Lots

The Framework is split across 5 Lots:

  • Lot 1 - Actuarial Services
  • Lot 2 - Benefits Consultancy
  • Lot 3 - Governance Consultancy
  • Lot 4 - Funding Risk Advisory Services
  • Lot 5 - Consultancy Services to Support Specialist Projects

There are 10 providers on the Framework split across the 5 Lots:

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Provider
Aon Investments Ltd
Barnett Waddingham LLP
BDO LLP
Deloitte LLP
Equiniti
Government Actuary Department (GAD)
Hymans Robertson LLP
Mercer Limited
Muse Advisory Limited (MAL)
PricewaterhouseCoopers LLP

FAQs

Procurement can take significant time and money both for the awarding Authority and the Service Provider. The National LGPS Frameworks are fully compliant with the Public Contracts Regulations 2015. It reduces the time and costs associated with the procurement process by offering a facility that has already been competitively tendered. It aims to deliver access at the best possible price to high-quality, efficient and effective Actuarial, Benefits & Governance Consultancy Services Providers. Benefits include:

  • Shortened timescales
  • Reduced procurement and legal costs
  • Robust and transparent process with high level of due diligence and specialist support
  • Agreed Terms and Conditions of contract with providers
  • Enable access to specialist providers whose experience and quality has been tested
  • Comprehensive user documentation and support from Frameworks team
  • Provider ceiling prices established
  • Possibility to benefit from cumulative rebates

The Framework may also be used by:

  • Any LGPS Administering Authorities as defined in the Local Government Pension Scheme Regulations 2013 (SI 2013/2356) (as amended) including the Firefighters’ Pension Scheme and Police Pension Schemes and any of their participating Employing Authorities, or in relation to the LGPS in Scotland, any Administering Authority and any of their Scheme employers as defined in the Local Government Pension Scheme (Scotland) Regulations 2018 (SSI 2018/141) (as amended);
  • NILGOSC in Northern Ireland and Employing Authorities as defined in the Local Government Pension Scheme Regulations (Northern Ireland) 2014 (SRNI 2014/188) (as amended) • The Board of the Pension Protection Fund; (http://www.pensionprotectionfund.org.uk)
  • Any other Administering Authority or organisation of a Public Sector Pension Scheme or any Public Sector body or that requires pension related services;
  • Any common asset pool or collective investment vehicle established by or on behalf of an Administering Authority or group of Administering Authorities; or
  • Any bodies, organisations or companies established by them for the purpose of operating on a collective basis.

The Actuarial, Benefits & Governance Consultancy Services Framework is open from July 2021 until June 2025.

A contract awarded through the Actuarial, Benefits & Governance Consultancy Services Framework can run for a maximum of ten years. No contract will be permitted to extend beyond June 2035.

Further Competition is available through all Lots of the Actuarial, Benefits & Governance Consultancy Services Framework. Direct Award is available via Lot 5 only.

The Actuarial, Benefits & Governance Consultancy Services Framework has been established by the following LGPS funds - the "Founding Authorities":

  • Norfolk County Council (as Administering Authority of the Norfolk Pension Fund)
  • Environment Agency (as Administering Authority of the Environment Agency Pension Fund)
  • Essex County Council (Administering Authority of the Essex Pension Fund)
  • Flintshire County Council (as Administering Authority of the Clwyd Pension Fund)
  • Hampshire County Council (as Administering Authority of the Hampshire Pension Fund)
  • Lincolnshire County Council (as Administering Authority of the Lincolnshire County Council Pension Fund)
  • (The Mayor and Burgesses of the) London Borough of Hackney
  • Middlesbrough Council (as Administering Authority of the Teesside Pension Fund)
  • South Yorkshire Pensions Authority
  • Suffolk County Council (as Administering Authority of the Suffolk Pension Fund)
  • Surrey County Council (as Administering Authority of the Surrey Pension Fund)
  • Tameside Metropolitan Borough Council (as Administering Authority of the Greater Manchester Pension Fund)
  • Wolverhampton City Council (as Administering Authority of the West Midlands Pension Fund)

In addition to the above funds, additional specialist legal and procurement advice was provided from Norfolk County Council.

Additional Resources

Access to Framework Documents - Actuarial

This page provides key details on how to access all the documentation for the Actuarial, Benefits and Governance Consultancy Services Framework.

Additional Documents

This page provides the Specification of Requirements for the Actuarial, Benefits and Governance Consultancy Services Framework, Sample Members Access Agreement and Sample Annex A.

Related Frameworks

Investment Management Consultancy Services Framework

This third iteration of the National LGPS Framework for Investment Management Consultancy Services was expanded to enable Cost Monitoring and Reporting services to also be procured. The Framework offers the LGPS community a quick and efficient route to market for a wide range of investment services.

Stewardship Services Framework

Environmental, Social and Governance-related services have become of increasing importance to the LGPS in recent times. The National LGPS Framework for Stewardship Services provides LGPS Funds and Pools with easy access to a range of highly qualified and experienced Providers within this developing market.