Source: https://tendernation.io/opportunities/01a13c23-a4fa-719b-89d3-d8b81f5464ed/targeted-review-of-defined-benefit-pensions-and-financial-resilience awarded GB restricted procedure Suitable for SMEs # Targeted Review of Defined Benefit Pensions and Financial Resilience [Water Services Regulation Authority](https://tendernation.io/buyers/water-services-regulation-authority) Estimated value Not stated Published 17 May 2018 Deadline Closed 19 Feb 2018 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender The targeted review will consider: • How do pension scheme deficits as calculated under International Financial Reporting Standards (IFRS) compare to actuarial deficits calculated under a triennial actuarial valuation in absolute terms and variability? • Have companies used customer funding to the extent provided for at PR09 (and reaffirmed at PR14) to meet deficit repair costs since 2010? • What range of actions have companies taken to manage their exposures to pension liabilities, how effective have these measures been in managing risks and what else could companies have done? • How does the management of the pension deficit in the water sector compare with best practice approaches in other sectors? • What evidence is there that pension schemes have or are moving to CPI or CPIH as the inflation linkage? • Pension costs impact on financial resilience as they reduce the free cash available to meet a company's statutory obligations. A short repair period increases the pressure on free cash while a long period may result in action by the Pension Regulator. Does the essential service provided by water companies and economic regulation underpin the water sector's covenant for pension obligations and strengthen pension scheme resilience? • Rating agencies consider deficits when assessing credit ratings and effectively treat deficits as debt. How should deficits be considered when assessing a company's financial resilience? • Hypothetically, how would pension liabilities be considered under a special administration pursuant to the Water Industry Act 1991 (as amended)? • We would welcome additional comments from the contractors on areas to consider not covered by the above. ### Scope The scope of this work includes assessing published information on all 17 English and Welsh water and waste water companies' pension schemes and preparing an information request for all companies. Following this review selecting a number of companies which display a variety of actions in managing pension liabilities for further engagement and lead tele-conferences with the selected companies. The number of companies will not exceed 5. To consider and report on the specific questions set out in this ITT, relating to company behaviours and actions associated with pension deficits which have since 2009 been funded in part by customers. Read full description ## CPV classification Pension fund consultancy services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/5a1aedae-4331-43ce-a897-e116a035f796) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. [Track tenders free](https://tendernation.io/register) [Buyer profile Water Services Regulation Authority: past awards and live tenders](https://tendernation.io/buyers/water-services-regulation-authority) [Sector More Financial & insurance services tenders](https://tendernation.io/sectors/financial-insurance-services) ## More tenders like this [Financial and insurance services – Udbud af delkontrakter vedrørende administration af selvforsikringsordninger · Danish Ministry of Defence Acquisition and Logistics Organisation · 27 days left · 16 Nov 2026](https://tendernation.io/opportunities/01a156a9-9f2a-72f8-9d86-29b05755fb83/denmark-financial-and-insurance-services-udbud-af-delkontrakter-vedrorende-a) [Property insurance services – Prestations de services d’assurances · Ville de Baud (56) · 7 days left · 26 Oct 2026](https://tendernation.io/opportunities/01a156a9-eacd-7321-8a56-9e3a7fc387c0/france-property-insurance-services-prestations-de-services-dassurances) [Insurance services – Marché de service relatif à la prestation d'assurance pour les besoins de Labocéa · Labocéa · 30 days left · 18 Nov 2026](https://tendernation.io/opportunities/01a156a9-6d89-707c-8006-6aaea9baf8b7/france-insurance-services-marche-de-service-relatif-a-la-prestation-dassura) [Health insurance services – Hospitalisatieverzekering · Gemeente Kontich · 14 days left · 3 Nov 2026](https://tendernation.io/opportunities/01a156a9-8bc1-720a-9e1f-3592335b31e6/belgium-health-insurance-services-hospitalisatieverzekering) [Damage or loss insurance services – procedura aperta EX ART. 71 del codice degli appalti (d.lgs. N. 36/2023) PER l’affidamento del servizio DI assicurazione ALL risks (patrimonio) della durata DI 24 MESI (dalle ORE 24.00 del 31/12/2026 ALLE ORE 24.00 del 31/12/2028) prorogabile DI ulteriori 24 MESI DA aggiudicare CON IL criterio dell’offerta economicamente PIÙ vantaggiosa, in modalità telematica · Comune di Piove di Sacco · 37 days left · 25 Nov 2026](https://tendernation.io/opportunities/01a156aa-174b-7271-8223-dd3559df50eb/italy-damage-or-loss-insurance-services-procedura-aperta-ex-art-71-del-codi) [Liability insurance services – Prestation d'assurance pour les besoins de la Communauté de Communes Des Savanes 2027-2030 · Communauté des communes des Savanes (973) · 32 days left · 20 Nov 2026](https://tendernation.io/opportunities/01a156a9-6375-70c6-83f3-2673aade0342/france-liability-insurance-services-prestation-dassurance-pour-les-besoins)