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The Pension Protection Fund (PPF) is seeking to procure actuarial services  to equalise guaranteed minimum pensions for members and the application of a Statutory Minimum.
The PPF is required to pay compensation on a basis that is no more or less favourable to either gender for pensionable service on or after 17 May 1990. Therefore we are seeking actuarial services to complete the equalisation of the remaining members in the back book to meet this requirement.
The successful bidder will be required to equalise guaranteed minimum pensions for members and apply the Statutory Minimum for circa 19,000 members.
The PPF expects to appoint the successful bidder in August, with work commencing immediately. 
The procurement process opened on Tuesday 19 April 2016.
Potential applicants should register their interest online at where they will be able to access the PPF’s e-Tendering Portal and download the tender documentation. The deadline for submission of tenders is 17.00, 18 May 2016.
Any questions relating to the tender should be raised through the e-Tendering Portal.