Published date: 5 March 2024

Awarded contract - This means that the contract has been awarded to a supplier.


Closing: 7 February 2024, 12pm

Contract summary

Industry

  • Actuarial services - 66519600

Location of contract

Scotland

Value of contract

£60,500

Procurement reference

2024-TR-0016

Published date

5 March 2024

Closing date

7 February 2024

Closing time

12pm

Contract start date

29 February 2024

Contract end date

28 February 2026

Contract type

Service contract

Procedure type

Single tender action (below threshold)

A direct contract with a single supplier, without competition.

This procedure can be used for procurements below the relevant contract value threshold.

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

We require an authorised Supplier to provide us with an actuarial valuation of the pension scheme as at 31 March 2024 in line with International Accounting Standard 19. This is a requirement for the Annual Report & Accounts (ARA).

Mercer are the SLC pension scheme administrators. The scheme is closed to new entrants and SLC transferred active members into the Civil Service Pension Scheme in 2020. Deferred members were due to transfer in October 2023 but this has been paused due to a legal case impacting UK pension schemes. Until this is resolved, there is a requirement for Mercer to provide this information for the ARA.

Award information

Awarded date

28 February 2024

Contract start date

29 February 2024

Contract end date

28 February 2027

Total value of contract

£60,500

This contract was awarded to 1 supplier.

Mercer

Address

1 Tower Place West
Tower Place
London
EC3R 5BU

Reference

Companies House number: 984275

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

susan butcher

Address

MEMPHIS BUILDING,LINGFIELD POINT,MCMULLEN ROAD
DARLINGTON
G27JD
Scotland

Telephone

01412433482 ext 33482

Email

susan_butcher@slc.co.uk