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Pensions Covenant Monitoring

Wolverhampton City Council Published 18 Nov 2016 Contracts Finder

key details

Value£100,000
Statuscomplete
Category (CPV) 66000000
RegionWest Midlands
Deadline2 Dec 2015
Contract start1 Feb 2016
Contract end31 Jan 2018
SME suitableNo
OCIDocds-b5fd17-3f602d68-adc9-11e6-9901-0019b9f3037b

Awards (2)

This procurement was awarded to 2 suppliers. Values shown are per-award; the notice total is £100,000.

SupplierValueDateStatus
Deloitte LLP shared £100,000 29 Dec 2015 active
PwC LLP shared £100,000 29 Dec 2015 active

description

The Local Government Pension Scheme (LGPS) is a national scheme administered on a local basis by Wolverhampton City Council as Administrating Authority of the West Midlands Pension Fund (WMPF) and West Midlands Integrated Transport Authority Pension Fund (WMITA), providing current and future benefits for 280,000 scheme members. Both Funds are referred to as ‘the Fund’ throughout this report.

The Fund has implemented a framework for the monitoring of its participating employers with regards to covenant strength. Whilst this framework constitutes baseline data upon which to assess the high level covenant strength of each employer, there will be instances where more detailed analysis will be required, for instance:

As an independent review of a specific employer’s covenant strength is required
For “critical cases” whereby the baseline data analysis flags a concern
As a funding strategy/contribution setting aid
To support negotiation with specific employers around the triennial actuarial valuation

notice history

1 notice published against this procurement.

PublishedTypeRegimeNotice
18 Nov 2016 Award (award) · c3d0e8f0-8dee-4007-bc46-d4e26be05c80-86025

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