Retirement consultancy Framework
Awarded
Key facts
- Closing date
- Not stated by the buyer
- Buyer's estimated value
- Not stated The buyer's own estimate, not income to you.
- Procedure
- Award under framework
- Notice type
- Contract award notice (UK6)
Decision brief
Taken from the buyer's published notice (shown as written, shortened where long). Tenderpatch has not added to or interpreted it. Always read the official documents before bidding.
- How bids will be scored
- Not stated in the notice.
- Conditions of participation (what you must show)
- None published in the notice. They may be in the tender documents.
- Contract length and extensions
- Period not stated.
- How to submit
- Not stated in the notice.
- Tender documents
- No document links in the notice. Use the official notice link.
New to public tenders? Plain-English guide to this page
- Framework
- An agreement that sets terms for work the buyer may order later, often from several suppliers. The value shown usually covers the whole agreement, not one job.
- Open for bids / closing date
- You must submit by the closing date and time, normally through the buyer's own online portal. Late bids are normally refused.
- Clarification questions
- A deadline for asking the buyer questions about the tender. It is earlier than the closing date.
- Conditions of participation
- What the buyer asks suppliers to show before they can be considered, such as experience, insurance or accreditations.
- Bids are scored on
- How the buyer will compare bids, usually a split between price and quality. A 60/40 split in favour of quality means the cheapest bid will not necessarily win.
- Lots
- A tender can be split into parts. You can often bid for only the lots that suit you.
- Area (ITL)
- The buyer names an official statistical area for where the work is, not a street address. Check the tender documents for the actual sites.
- UK4 and other notice codes
- Official codes for the type of notice. A "tender notice" means bids are being invited.
General explanations written by Tenderpatch, not part of this notice.
Description
The Supplier will provide the services outlined below:
Critical path items for FY2026/27 (ending 31 March)
• Drawn from Co-design phase 2 project plan:
o Review of relevant provisions of draft Umbrella Terms with insurer (first pass)
o Complete design of annual process for determining income payable from 67-84
o Exits and entrants
o Premium payment and price-lock (liaising with Hymans, Rothesay and nest to confirm appropriateness of proposal)
o Cohort annuity purchase process
• Supporting the TCS build:
o NGRF closure and initial cohort set-up
o Income initiation pricing process
o Wider WTW support on engagement with TCS (e.g. alternatives to the dummy member approach for setting mid-year cohort pricing)
o Umbrella terms (second pass)
• Modelling support
o Regular calls with Will on latest modelling, including methodology discussions and point estimate reviews