Lambeth Council's retendering process for actuarial services remains stalled, a critical issue marked as red
on the council's Business Plan Tracker for 2025/26. The delay stems from difficulties in accessing essential files, exacerbated by the departure of officers previously involved in the retender.
Officers explained that while the contract is currently operating on a rolling basis, establishing a longer-term arrangement through the appropriate framework is a priority. However, the departure of previous officers has made it difficult to access their files
, complicating the retender process.
Should the previous work on the actuarial services contract prove unverifiable, the council faces the potential for financial penalties
and officers would need to restart the process entirely
. To mitigate this, a target date has been set to resolve the file access issues, with the goal of having them addressed by December 1, 2025. The meeting information does not specify a timeline for setting this target date beyond the December 1, 2025 resolution goal.
Further details on the council's business plan and ongoing projects can be found in the Public reports pack Wednesday 07-Jan-2026 18.30 Pensions Committee.