AWARD OUTCOME
What happened
Pension Protection Fund awarded Hymans Robertson LLP a contract for actuarial work reviewing the levy methodology for Alternative Covenant Schemes. The work covers an interim review for the 2027/28 levy year and a longer-term review for 2028/29 onwards.
Published outcomeThe published contract record shows award 1 and contract 1 as active. It explicitly records a contract signature date of 8 October 2026, with delivery from 9 October 2026 to 31 March 2027.
Market significanceThis is a below-threshold, limited-competition actuarial-services engagement supporting Pension Protection Fund policy and levy-methodology development.
AWARDED SUPPLIERS AND LOTS
1 supplier record analysed
HYMANS ROBERTSON LLP
99% confidenceAward 1 · Lots 1 · £65,787 excluding VAT; £78,945 including VAT GBP · Verified legal supplier; award and contract active
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Verified company name supplied for award 1; contract 1 is linked to award 1 and reports amount £65,787 and amountGross £78,945.
LIFECYCLE
Award or contract stage
Notice type
99% confidenceContract details notice on Find a Tender
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Process notice_type and contract document description.
Procurement status
98% confidenceComplete
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Tender status is "complete".
Award status
98% confidenceActive
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Award 1 status is "active".
Contract status
98% confidenceActive
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Contract 1 status is "active".
Contract signature
99% confidenceSigned on 8 October 2026
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Contract 1 dateSigned is 2026-10-08.
Contract commencement
99% confidence9 October 2026
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Contract 1 period.startDate is 2026-10-09.
VALUES
Published values explained
Contract value excluding VAT
99% confidence£65,787
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Contract 1 value.amount is 65787 GBP.
Contract value including VAT
99% confidence£78,945
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Contract 1 value.amountGross is 78945 GBP.
Value allocation
96% confidenceThe published contract value is linked to award 1 and its sole listed supplier and lot.
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Contract 1 links to awardID 1; award 1 names one supplier and relates to lot 1.
TIMELINE
Procurement timeline
Contract details notice published
99% confidence8 October 2026, 13:43 BST
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Notice document datePublished is 2026-10-08T13:43:41+01:00.
Contract signed
99% confidence8 October 2026
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Contract 1 dateSigned is 2026-10-08.
Contract start
99% confidence9 October 2026
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Contract 1 period.startDate is 2026-10-09.
Contract end
99% confidence31 March 2027
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Contract 1 period.endDate is 2027-03-31.
Published initial term
94% confidenceApproximately 174 days
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Calculated from the explicit contract start and end dates.
SCOPE
What was awarded
Requirement
99% confidenceReview the methodology used to calculate levies for Alternative Covenant Schemes (ACSs).
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Published tender description.
Stage 1
99% confidenceInterim review to determine appropriate changes for levy year 2027/28, including consideration of pre-97 indexation.
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Published tender description.
Stage 2
99% confidenceFundamental review to determine the approach for levy year 2028/29 onwards.
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Published tender description.
Service classification
99% confidenceActuarial services (CPV 66519600)
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Award item additional classification.
Delivery location
95% confidenceUKI62
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Award item delivery address region is UKI62.
PROCEDURE
Procedure and competition
Procurement method
99% confidenceLimited
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Tender procurementMethod is "limited".
Method detail
99% confidenceBelow threshold - limited competition
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Tender procurementMethodDetails.
Above-threshold status
99% confidenceNo
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Contract 1 aboveThreshold is false.
Competition information
98% confidenceNumber of invited suppliers, tenders received and evaluation results are not published in the supplied notice.
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No bid-count, bidder, score or evaluation fields are supplied.
CONTRACT TERMS
Published contract terms
Contract period
99% confidence9 October 2026 to 31 March 2027
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Contract 1 period.startDate and period.endDate.
Extension or renewal terms
99% confidenceUnknown
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No extension or renewal provision is supplied.
Pricing detail
98% confidenceOnly total contract values excluding and including VAT are published; rate card, milestones and payment terms are not supplied.
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Contract value fields contain totals only.
COMMERCIAL VIEW
Commercial observations
Engagement structure
94% confidenceThe scope combines a near-term levy-year review with a longer-term methodological review, while the published contract ends on 31 March 2027.
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Tender description specifies work for 2027/28 and 2028/29 onwards; contract period ends 31 March 2027.
Market route
99% confidenceThe buyer used a below-threshold limited-competition route for specialist actuarial services.
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Procurement method details and CPV classification.
DATA QUALITY
Gaps and source limitations
Award date
99% confidenceInformation not supplied in the published notice.
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Award record has no award_date.
Lot detail
99% confidenceLot 1 has no published title, description or separate value.
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Lot 1 title, description and value fields are null.
Competition and evaluation
99% confidenceInformation not supplied in the published notice.
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No bid counts, bidder list, scores, award rationale or evaluation data are supplied.
Contract terms
98% confidenceExtension, renewal, pricing-breakdown and payment-term information is not supplied.
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No such fields are present in the supplied contract data.
SOURCE DATA LIMITATIONS
Information not supplied in the published notice
- The published notice does not provide an award decision date, bidder count, evaluation methodology, scores, award rationale or unsuccessful suppliers.
- Lot 1 is identified but has no published title, description or standalone value.
- No extension, renewal, pricing breakdown, milestone, payment-term or performance information is supplied.
MARKET THEMES
Relevant award themes
Pension Protection FundHymans Robertson LLPACS risk methodologyAlternative Covenant Schemesactuarial servicesPPF levy methodology
COMMON QUESTIONS
About this award
Who won the PPF ACS Risk Methodology contract?
HYMANS ROBERTSON LLP, verified against Companies House number OC310282.
What is the contract value?
£65,787 excluding VAT and £78,945 including VAT.
When does the contract run?
The published contract period is 9 October 2026 to 31 March 2027.
What is the work about?
It concerns review of Pension Protection Fund levy methodology for Alternative Covenant Schemes, covering 2027/28 changes and a longer-term approach for 2028/29 onwards.
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.