AWARD OUTCOME
What happened
Waste & Resources Action Programme (WRAP) awarded its Pensions Advisor requirement to FIRST ACTUARIAL LLP following a below-threshold open competition. The published contract record states that the contract was signed on 16 October 2026 and starts on 19 October 2026.
Published outcomeAward 1 covers lot 1 for pension services. FIRST ACTUARIAL LLP is the verified supplier. The published gross contract value is £101,960.
Market significanceThis is a specialist pensions-advisory engagement supporting governance, compliance, value for members and member engagement for WRAP’s Group Personal Pension arrangement. A single optional two-year extension could extend the arrangement to September 2030.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
FIRST ACTUARIAL LLP
99% confidenceAward 1 · Lots 1 · 101,960 GBP · active
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Award 1 names First Actuarial LLP as supplier; supplier verification matched Companies House number OC348086 and verified legal name FIRST ACTUARIAL LLP. The contract linked to award 1 has a gross value of £101,960.
LIFECYCLE
Award or contract stage
Procurement status
99% confidenceComplete
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Tender status is "complete"; lot 1 status is "complete".
Award status
99% confidenceActive
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Award 1 status is "active".
Contract status
99% confidenceActive
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Contract 1 status is "active".
Contract signature
99% confidenceSigned on 16 October 2026
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Contract 1 dateSigned is 2026-10-16.
Contract start
99% confidence19 October 2026
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Contract 1 period startDate is 2026-10-19.
VALUES
Published values explained
Published contract value
99% confidence£101,960 gross
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Contract 1 value amountGross is 101960 GBP.
Published opportunity value ceiling
95% confidenceUp to £120,000 gross
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Opportunity value_max is 120000 GBP with gross value basis.
Value relationship
95% confidenceThe published contract value is £18,040 below the published £120,000 opportunity ceiling.
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£120,000 opportunity value ceiling less £101,960 published contract value.
TIMELINE
Procurement timeline
Tender notice published
99% confidence4 August 2026
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Release history records tender notice 073797-2026 on 2026-08-04.
Submission deadline
99% confidence4 September 2026, 23:45 BST
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Opportunity submission_deadline is 2026-09-04T23:45:00+01:00.
Award date
99% confidence29 September 2026
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Award 1 award_date is 2026-09-29.
Contract award notice published
99% confidence15 October 2026
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Release history records contract award notice 097501-2026 on 2026-10-15.
Contract signed
99% confidence16 October 2026
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Contract 1 dateSigned is 2026-10-16.
Contract start
99% confidence19 October 2026
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Contract 1 period startDate is 2026-10-19.
Contract details notice published
99% confidence20 October 2026
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Contract document 098744-2026 datePublished is 2026-10-20.
Initial contract end
99% confidence30 September 2028
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Contract 1 period endDate is 2028-09-30.
SCOPE
What was awarded
Requirement
99% confidenceIndependent pensions advice for WRAP's Group Personal Pension arrangement.
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Tender description states WRAP sought an experienced, independent pensions adviser for its Group Personal Pension arrangement.
Service areas
99% confidenceStrategic advice, governance and member-engagement support.
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Tender description explicitly identifies strategic, governance and member engagement support.
Expected outcomes
99% confidenceSupport scheme governance, legislative and regulatory compliance, value for members, and employee financial wellbeing.
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Tender description sets out these intended outcomes.
Service classification
99% confidencePension services (CPV 66520000).
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Award item additional classification is CPV 66520000, Pension services.
Lot structure
99% confidenceOne lot (lot 1).
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Tender data lists only lot 1; award 1 is related to lot 1.
PROCEDURE
Procedure and competition
Procedure
99% confidenceBelow-threshold open competition.
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Tender procurementMethod is "open" and procurementMethodDetails is "Below threshold - open competition".
Legal basis
99% confidenceProcurement Act 2023 (2023/54).
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Tender legalBasis identifies UKPGA 2023/54.
Competition information
99% confidenceNumber of bids and evaluation results not supplied in the published notice data.
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No bid-count, bidder-list or evaluation-score field is supplied.
CONTRACT TERMS
Published contract terms
Initial term
99% confidence19 October 2026 to 30 September 2028.
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Contract period startDate is 2026-10-19 and endDate is 2028-09-30.
Extension option
99% confidenceOne optional extension of two years.
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Contract renewal description states "1x 2 year optional extension, if utilised."
Maximum stated end date
99% confidence30 September 2030.
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Contract maxExtentDate is 2030-09-30.
Above-threshold status
99% confidenceNo.
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Contract aboveThreshold is false.
COMMERCIAL VIEW
Commercial observations
Supplier opportunity
99% confidenceThe requirement calls for proactive pensions-market insight, innovation and best practice alongside governance and compliance support.
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Tender description asks the successful supplier to bring market insight, innovation and best practice rather than solely responding to requests.
Commercial structure
99% confidenceA single-supplier, single-lot award with a published gross contract value of £101,960.
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One award is linked to one supplier and lot 1; contract 1 linked to award 1 has gross value £101,960.
DATA QUALITY
Gaps and source limitations
Contract evidence quality
99% confidenceStrong: published contract data identifies a signed date, active status, start and end dates, extension option, supplier and gross value.
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Contract 1 includes dateSigned, active status, period, renewal, supplier-linked award and value.
Supplier identity quality
99% confidenceStrong: legal supplier identity was verified by Companies House number OC348086.
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supplierVerification status is verified with matchMethod company_number.
Lot value allocation
97% confidenceThe published value is contract-level and applies to the single awarded lot; no separate lot-value breakdown is supplied.
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Contract value is supplied for award 1; lot 1 has no value_amount.
Maximum end-date field
99% confidenceSource data contains a discrepancy in the generated renewal outlook entry and should be read against the contract source, which states 30 September 2030.
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Contract 1 maxExtentDate is 2030-09-30.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- Information not supplied in the published notice: bid count, named unsuccessful bidders, evaluation methodology, scores, award rationale and pricing breakdown.
- Information not supplied in the published notice: a title or description for lot 1 and an individual lot-value field.
- The published £101,960 is a gross contract-level value; detailed pricing, payment profile and extension value are not supplied.
MARKET THEMES
Relevant award themes
WRAP Pensions AdvisorFIRST ACTUARIAL LLPpensions advisory contractpension servicesWaste & Resources Action ProgrammeProcurement Act 2023
COMMON QUESTIONS
About this award
Who won WRAP's Pensions Advisor contract?
FIRST ACTUARIAL LLP won award 1 for lot 1. Its legal identity was verified using Companies House number OC348086.
What is the value of the WRAP Pensions Advisor contract?
The published gross contract value is £101,960.
When does the contract run?
The published contract starts on 19 October 2026 and ends on 30 September 2028. WRAP has an optional two-year extension, with a stated maximum end date of 30 September 2030.
Was the contract signed?
Yes. The published contract data records a signature date of 16 October 2026.
ProcuraAxis award analysis supplements, but does not replace, the official award notice, contract data or procurement documents. “Awarded” does not by itself prove that a contract has been signed.