Source: https://tendernation.io/opportunities/01a13bfd-f200-71ee-b2ca-bf7ac80ffb81/the-provision-of-actuarial-services-to-equalise-guaranteed-minimum-pensions-gmp

awarded GB open procedure Suitable for SMEs

# The Provision of Actuarial Services to Equalise Guaranteed Minimum Pensions (GMP) for Members GMP Implementation Phase III

[Pension Protection Fund](https://tendernation.io/buyers/pension-protection-fund)

Estimated value

£200,000 to £400,000

Published

18 Nov 2016

Deadline

Closed

18 May 2016

## Who can bid

- Buyer says suitable for SMEs

    The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid.
- Open procedure

    Anyone can submit a full tender; there is no shortlisting stage.

[More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses)

## About this tender

Actuarial services to equalise guaranteed minimum pensions for Members and the application of a Statutory Minimum. A service to calculate the uplift in benefits (if any), plus any arrears due (where relevant) in respect of GMP equalisation (and the underpin) for the remaining members of the â&#128;&#156;backbookâ&#128;&#157; of the PPF. The backbook comprises members of schemes which transferred to the PPF prior to 1 June 2013 and contracted out via the GMP method. A small number of schemes that transferred after 1 June 2013 that were given permission to transfer before equalising for GMPs are also included in the scope. The following optional services may be provided by the Service Provider upon written agreement by the Parties; Average Approaches, Extra Data Validation, Additional Calculations and Amendments to the Build. Full details of the PPF's requirements are set out in the procurement documentation. Procurement documentation can be accessed here [ppf.bravosolution.co.uk](https://ppf.bravosolution.co.uk)

## CPV classification

Engineering, auxiliary, average, loss, actuarial and salvage insurance services

Source

Contracts Finder (UK)

[View official notice](https://www.contractsfinder.service.gov.uk/notice/99602147-adc9-11e6-9901-0019b9f3037b)

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