The Supplier will provide the services outlined below: • Review of key judgement decisions made by Rothesay in their approach to setting longevity assumptions for pricing, including: o Weight applied to Nest mortality experience data when setting pricing basis. o Approach to mortality experience adjustments across ages. o Approach to treating untraced members in mortality experience data when performing analysis. • Review of LexisNexis tracing results and consideration of alternative approaches to treating untraced members. • Review of mortality experience data and consideration of alternative approaches to applying mortality experience adjustments. • Analysis of Rothesay's approach of using Mosaic and advice on the suitability of Mosaic to rank and categorise members into different affluence groups. • Analysis of Rothesay's pricing compared to pricing observed in the wider bulk annuity market. • Providing an independent view on the value for money of Rothesay's pricing terms, as applied to the unique LLPI solution. • Assisting in work undertaken to improve Nest data quality.

Procurement Act 2023

Below threshold - award under framework

Framework — ocds-h6vhtk-06085f — https://www.find-tender.service.gov.uk/api/1.0/ocdsReleasePackages/ocds-h6vhtk-06085f