Decision details

*Re-published: call-in no longer applies* Pensions Actuarial Services

Decision Maker: Corporate Director of Strategic Resources

Decision status: Recommendations Approved

Is Key decision?: Yes

Is subject to call in?: No


The Corporate Director Strategic Resources has approved the procurement of Pensions Actuarial Services. The objective of the procurement is to appoint an actuarial for the North Yorkshire Pension Fund.
The value of the contract is estimated to be £700,000.
The duration of the contract is estimated to be 7 years with options to extend included.

Reasons for the decision:

*PLEASE NOTE This decision was originally published on or near the date of the decision and so call in no longer applies. It has been re-published as part of the change in committee management system that we use.*

The North Yorkshire Pension fund intends to procure a provider to administer pensions actuarial services. The actuary will provide a key services to the pension fund and will help determine contribution rates to ensure the scheme is not in a deficit.

The key decision process applies as this contract is above 500k.

Alternative options considered:

Additional options have not been considered – this is an above OJEU level contract and requires procurement in line with the Public Contract Regulations 2015.

Publication date: 21/04/2021

Date of decision: 03/04/2020