Pensions Actuarial Advisory Services Framework

What the buyer is asking for

National Grid is seeking to establish a multi-supplier framework agreement for the provision of Pensions Actuarial Advisory Services and related pensions, employee benefits, risk management, governance, and advisory support services across its UK pension arrangements. The framework will support both business-as-usual activities and project-based requirements and will be available for use by National Grid and its associated entities. The framework is intended to provide access to suitably qualified suppliers capable of delivering specialist advice and support across a range of areas, including but not limited to: Pensions actuarial and accounting advice. Pension scheme funding and investment strategy support. Governance and regulatory advisory services. Pension benefit design and reward strategy. Corporate transactions, mergers and acquisitions support. Pension risk management and financial wellbeing advisory services. Employee benefits and related consultancy services. National Grid intends to appoint up to nine (9) suppliers to the framework. The framework will operate through individual call-off engagements awarded either through direct award or mini-competition, depending on the nature of the requirement and the capabilities required. National Grid does not guarantee any minimum volume or value of work under the framework. The estimated value of the framework is £5.2 million over its full potential term, comprising an initial five (5) year term with the option to extend for up to three (3) additional one-year periods. Services will be supplied on an as-needed basis in accordance with the framework agreement and the requirements of individual call-off engagements.

How this is scored

Published by the buyer. A winning response is written to these weightings, not to the question.

• 60%qualityTechnical capability
• 40%costCommercial capability

What you must already have

Conditions of participation. These are pass or fail, so check them before writing anything.

• technical

  Technical capabilities that will require demonstration through the tender process will include: • Corporate advisory skills supporting multi-billion pound schemes and/or FTSE 100 companies on corporate pension matters. • Capabilities & knowledge in advising in Regulated corporate sector

How contested is this?

Buyers publish how many bids they received. Across 24 comparable procurements we can tell you the typical field size, how often one of these goes uncontested, and whether the buyer awards on price or on quality.

Timeline

3 published dates · Europe/London

1. Tender notice published11 days ago

   10 Sept 2026, 18:40 BST
2. Submission deadlinein 16 days

   7 Oct 2026, 16:00 BST
3. Award decision expected byin 64 days

   24 Nov 2026, 23:59 GMT

Commercial outcome and contract awards

Nothing awarded yet

Notice history

2 events · 2 releases on Find a Tender

1. Pipeline or early engagement notice13 Jul 2026, 16:12 BST065758-2026
2. Tender notice10 Sept 2026, 18:40 BST086154-2026

Payment terms

42 days

Documents

• biddingDocuments
• Tender notice on Find a Tender