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    ContractsSpecialist Actuarial Consultancy Services for Pension Protection Fund Reviews
    Awarded contract

    Specialist Actuarial Consultancy Services for Pension Protection Fund Reviews

    Status
    Awarded
    Published 7 Oct 2026

    Specialist actuarial consultancy to review the Pension Protection Fund's Funding Framework and Long-Term Risk Model to ensure alignment with current operating environment and strategic objectives.

    🇬🇧United Kingdom· LondonPublished 7 Oct 2026· 1 weeks agoviaFind a Tender
    Status
    Awarded
    Published 7 Oct 2026

    Decision brief

    4 fields
    • Contract value
      Not disclosed
      Source did not declare a figure
    • Closing date
      Not published
      No closing date published
    • Sector
      Financial Services
      Browse related listings
    • Location
      🇬🇧United Kingdom
      London

    Suppliers

    1 supplier
    • AS
      Aon Solutions UK Ltd
    Lead contractor

    Lifecycle

    Awarded

    Contract awarded. Originally published 1 weeks ago.

    7 October 2026
    Awarded — no open tender advertised

    Brief

    The Pension Protection Fund (PPF) seeks specialist actuarial consultancy services for two independent reviews: CS1039 A - Funding Framework Review: Conduct an independent assessment of the PPF's Pension Protection Fund Funding Framework, including its objectives, risk thresholds, methodology, and governance arrangements. This review will account for significant changes in the operating environment since the framework's last update in September 2022 and will support the development of an updated funding strategy and governance framework. CS1039 E - Long-Term Risk Model (LTRM) Review: Perform an independent review of the PPF's Long-Term Risk Model, a critical tool used to assess the fund's long-term financial position and associated risks. The review will evaluate the model's methodology, implementation, controls, and governance arrangements to ensure it remains robust, reliable, and fit for purpose. The model has undergone significant evolution, including a 2019 transition from Excel/VBA to the Tyche platform. The successful consultant will provide assurance that both the funding framework and risk model adequately support the PPF's funding strategy and risk management objectives. Suppliers should have extensive experience in pension fund actuarial analysis, risk modeling, and governance framework assessment.

    Track record

    6 awards · 6 winners
    Open field

    No single supplier dominates the field.

    In financial services, PENSION PROTECTION FUND has awarded 6 contracts to 6 suppliers.

    Who wins here
    1. PAYMASTER (1836) LIMITED1× · 17%
    2. Aon Solutions UK Ltd1× · 17%
    3. PA CONSULTING SERVICES LIMITED1× · 17%
    4. QUANTWISDOM LABS LTD1× · 17%
    5. Hymans Robertson1× · 17%
    6. Frontier Economics1× · 17%

    Across financial services, the most active winners are ARTHUR J GALLAGHER INSURANCE BROKERS LTD, ECCLESIASTICAL INSURANCE OFFICE PUBLIC LIMITED COMPANY, ALLPAY LTD — the field to beat, or your route in as a partner.

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    Take action
    View on sourceFind a Tender

    Award notice and full record on the publisher's site

    Publisher
    UK Cabinet Office
    Licence
    OGL v3.0
    Source
    find-tender.service.gov.uk
    Record ID
    ocds-h6vhtk-0782d3

    Your fit

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    PP
    Buyer
    PENSION PROTECTION FUND
    Sector
    Financial Services