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    ContractsActuarial Valuation Software for Public Sector Pensions
    Open tender

    Actuarial Valuation Software for Public Sector Pensions

    Contract value
    £1.4m
    Published 17 Aug 2026

    GAD is engaging with software suppliers to understand market solutions for actuarial valuation and pension scheme modelling ahead of a planned procurement in 2028.

    🇬🇧United Kingdom· LondonPublished 17 Aug 2026· 1 months agoviaFind a Tender
    Contract value
    £1.4m
    Published 17 Aug 2026

    Decision brief

    4 fields
    • Contract value
      £1,400,000indicative
      Pounds sterling
    • Closing date
      Rolling
      No closing date published
    • Sector
      IT & Software
      Browse related listings
    • Location
      🇬🇧United Kingdom
      London

    Lifecycle

    Open

    Open tender — no closing date published. Opened 1 months ago.

    17 August 2026
    Open tender · no closing date published

    Brief

    The Government Actuary's Department (GAD), a non-ministerial department of His Majesty's Treasury, is seeking market engagement for an actuarial valuation software solution. GAD provides actuarial services to UK public sector organisations, helping them manage financial risk and make informed decisions about pensions and public finances. GAD's current software contract expires in February 2028. The department is conducting early market engagement to understand available solutions and prepare for a future procurement. Suppliers should be able to provide an off-the-shelf software platform with associated implementation services that supports: • Pension scheme valuation calculations for active, deferred, and pensioned members • Final Salary and Career Average Revalued Earnings scheme analysis • Cashflow, funding, and Asset Liability Modelling • Scenario testing and sensitivity analysis • Data import, validation, management, and migration • Reporting, audit trails, and security features • Implementation, training, and transition support • Exit capability from current systems This market engagement aims to understand the supplier landscape, develop procurement requirements, identify innovation opportunities, and assess commercial models and contracting approaches. Participation does not provide any advantage in future procurement processes.

    Track record

    5 awards · 5 winners
    Open field

    No single supplier dominates the field.

    In it software, Government Actuary's Department has awarded 5 contracts to 5 suppliers.

    Who wins here
    1. ZELLIS UK LIMITED1× · 20%
    2. Towers Watson Limited1× · 20%
    3. BLOOMBERG FINANCE L.P.1× · 20%
    4. MHR International UK Ltd1× · 20%
    5. JBA RISK MANAGEMENT LIMITED1× · 20%

    Across it software, the most active winners are SOFTCAT PLC, PHOENIX SOFTWARE LTD, CIVICA UK LIMITED — the field to beat, or your route in as a partner.

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    Take action
    View tender on sourceFind a Tender

    Full notice and submission process on the publisher's site

    Publisher
    UK Cabinet Office
    Licence
    OGL v3.0
    Source
    find-tender.service.gov.uk
    Record ID
    ocds-h6vhtk-06e5c6

    Track

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    Your fit

    Could you win this?

    A straight answer for your business — bid, partner or pass — based on who wins Government Actuary's Department's work like this.

    5 awards · 5 firms

    Check my fit

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    GA
    Buyer
    Government Actuary's Department
    Sector
    IT & Software