Provision of Actuarial Services for the Sponsoring Employer of the UoDSS Pension Scheme
A practical guide to understanding what the University of Dundee is really looking for in their actuarial adviser and how to build a winning response.
Don't just promise expertise. Show it.
The University of Dundee isn't just looking for any actuarial adviser.
They're looking for someone who can truly support them through the valuation process of the UoDSS Pension Scheme.
It's not just about knowing numbers.
It's about understanding the University's specific needs and challenges.
A professionally qualified actuarial adviser is a given.
What sets you apart is how you apply that expertise to their unique context.
The contract covers providing independent actuarial services to guide the University as a sponsoring employer for the pension scheme.
That's what I'd focus on.
Think about the University's worries
Universities have distinct concerns.
They need stability and assurance in managing their pension schemes.
If I were in their shoes, I'd worry about financial sustainability, regulatory compliance and the impact on staff benefits.
Your response should reflect these worries.
Show you understand the pressures they face and how your expertise can alleviate them.
Evidence always beats promises
One thing I noticed when I worked in the public sector was that almost every bidder promised excellent service.
Few proved it.
If you have evidence, use it.
Showcase previous work with similar organisations or schemes.
- Case studies of past valuations
- Testimonials from satisfied clients
- Data-driven outcomes from previous advisory roles
- Any awards or recognitions in actuarial services
These elements will make your bid stand out.
Pay attention to what they say
The University is clear about needing an independent, professionally qualified adviser.
Independence means impartial advice.
They're not just looking for any actuarial services.
They want someone who will guide them without bias, ensuring the best outcomes for their pension scheme.
If I were writing this tender, I'd emphasise how my services maintain objectivity and why that matters.
Keep an eye on the whole term
Consistency is key.
It's not just about the initial valuation process.
The University will be looking for someone who can provide ongoing support throughout the contract.
Think about how you'll manage this over time.
- How will you handle staff changes?
- What processes ensure continuity of service?
- How will you keep the University updated on changes in regulations or best practices?
These are the questions I'd want answers to if I were evaluating bids.
Show how you'll make life easier for the University
Every contract creates work for the client.
The best advisers reduce that workload.
Explain how your processes will ease the University's burden.
Whether it's through clear communication, regular updates or streamlined processes, make it clear how you simplify their life.
Remember who you're trying to convince
The decision-makers at the University are likely familiar with actuarial services.
But they're not actuaries themselves.
Avoid jargon and overly technical language.
Explain your processes and outcomes in a way that's accessible and relevant to their roles.
They need to understand not just what you do, but why it matters to them.
Common mistakes
Avoid submissions that:
- Lack concrete evidence of past success
- Ignore the specific needs of a university pension scheme
- Focus solely on technical expertise without context
- Use jargon-heavy language that alienates non-specialists
- Fail to demonstrate ongoing support and adaptability
- Overlook the importance of independent, unbiased advice
- Neglect to address regulatory compliance and financial sustainability
My Final Thoughts
Universities like Dundee need more than actuarial expertise.
They need assurance, reliability and understanding.
This contract is about guiding the University through a complex process with confidence.
While the documents don’t specify the contract's duration or value, it’s clear the emphasis is on quality support.
Remember, quality outweighs cost.
That means your written submission must clearly demonstrate your value.
Thanks for reading.
I hope this guide has helped make public procurement feel a little less daunting. If it has, then it's done its job.
P.S. Got a question?
If you've got a question about anything you've read, or you're stuck on a tender, just send me an email.
Whether it's a quick question or you simply need pointing in the right direction, I'm always happy to help if I can.
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Our guides are written using publicly available procurement information, including contract notices and published tender documents where available. They are designed to help suppliers understand the buyer's likely priorities and think more strategically about their approach. They are not based on any bidder's confidential submission, bespoke bid strategy or non-public procurement information.