Q2403 - TENDER FOR THE PROVISION OF ACTUARIAL VALUATION SERVICES FOR THE NILGOSC PENSION FUND OF THE NORTHERN IRELAND HOUSING EXECUTIVE

Concepts

• insurance services
• belfast
• insurance and pensions
• pension disclosures
• housing executive
• nilgosc
• actuarial valuation services
• ias 19 compliant pension disclosures
• the northern ireland housing executive
• the nilgosc pension fund

Location

Belfast

Description

The Housing Executive invites suitable Contractors for the provision of actuarial valuation services for the NILGOSC Pension fund of the Housing Executive. The Housing Executive participates in the Northern Ireland Local Government Officers’ Superannuation Committee (NILGOSC) pension scheme, a multi-employer defined benefit scheme. The Housing Executive is obliged to prepare its accounts in accordance with the UK Government Financial Reporting Manual (FReM) which applies and adapts the International Financial Reporting Standards to the UK public sector. Pension disclosures within the annual accounts must be prepared in accordance with the provisions of International Accounting Standard (IAS) 19 ‘Employee Benefits’. The Housing Executive requires the services of an actuary who will assist the Housing Executive in preparing IAS 19 compliant pension disclosures, and associated information, in respect of each year-end in the Contract period.

Renewal Options

It is anticipated, but not guaranteed, that a new procurement procedure may be initiated during the extension period, if used, or during the final year of the initial contract period.

Award Criteria

CPV Codes

• 66510000 - Insurance services
• 66500000 - Insurance and pension services

Indicators

• Bids should cover the whole contract.
• Renewals are available.
• Award on basis of price.