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CA300 (2025) – Provision of Pension Accounting Advisory Services and management of pension liabilities, including advising the company in relation to triennial scheme funding valuations

Northern Ireland Electricity Networks

Buyer Contact Info

Buyer Name: Northern Ireland Electricity Networks

Buyer Address: 120 Malone Road,, Belfast,, UKN, BT9 5HT, United Kingdom

Contact Email: Charlotte.Mercier@nienetworks.co.uk

Status
complete
Procedure
selective
Value
890000.0 GBP
Published
09 Jan 2026, 15:12
Deadline
n/a
Contract Start
n/a
Contract End
n/a
Category
services
CPV
66522000 - Group pension services
Region
n/a
Awarded To
Mercer Limited
Official Source
Open Find a Tender

Description

NIE Networks wishes to enter into a Framework Agreement with one suitably qualified and experienced organisation to provide management of pension liabilities, including advising the company in relation to triennial scheme funding valuations. The service provider will provide a primary point of contact for NIE Networks. The Framework will be established for an initial period of 5 years with an option (exercisable entirely at NIE Network’s Discretion) to extend for up to 3 further years (a maximum of 8 years).

Linked Documents

No linked documents found for this notice.

Opportunity Context

Lots

Lot Description: NIE Networks wishes to enter into a Framework Agreement with one suitably qualified and experienced organisation to provide management of pension liabilities, including advising the company in relation to triennial scheme funding valuations. The service provider will provide a primary point of contact for NIE Networks. NIE Networks have a requirement for an experienced pension advisor to provide the following services (assignments) to the company three times in each annual period to meet International Accounting Standard 19 ‘Employee Benefits’ (IAS 19) requirements for a) annual published accounts, b) interim published accounts and c) published regulatory accounts: • Formal terms of reference for each exercise, • Provision of advice and methodology in relation to financial and demographic assumptions to be used in IAS19 exercises, • Discussion with the company of approach to each exercise including assumption setting and accounting treatment of various items, • Provision of IAS19 calculations and disclosure requirements, • Preparation of formal reports to meet all IAS19 reporting and disclosure requirements In addition to the pension accounting services, additional advisory services are required so that the company can meet its requirements in managing pension liabilities, including advice in relation to triennial scheme funding valuations, reviewing the investment strategy of the scheme and implementing the scheme’s long-term funding objectives. The Framework will be established for an initial period of 5 years with an option (exercisable entirely at NIE Network’s Discretion) to extend for up to 3 further years (a maximum of 8 years).

Lot 1 Status: cancelled

Lot 1 Has Options: Yes

Lot 1 Options: The Framework Agreement period is 5 (five) years with the option, exercisable exclusively by NIE Networks, to extend the Framework Agreement for up to a further 3 (three) years.

Lot 1 Award Criterion (quality): Quality

Contracts

Contract Title: CA300 (2025) Provision of Pension Accounting Advisory Services and management of pension liabilities, including advising the company in relation to triennial scheme funding valuations

Awards

Award Title: CA300 (2025) Provision of Pension Accounting Advisory Services and management of pension liabilities, including advising the company in relation to triennial scheme funding valuations

Raw Notice JSON

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