Public sector outsourcing: Winning tactics for pricing pensions risks

Friday 11 June 2010
Le Meridien Piccadilly, 21 Piccadilly, London, W1J 0BH
8:30-10:30am

Programme

8:30am - Registration and refreshments
9:00am - Event begins
10:30am - Event closes*

Topic

It is currently estimated that around £80bn of public sector spending is outsourced. This total is bound to increase significantly once the hiatus caused by the general election has passed, as government will see outsourcing as a relatively pain-free way of reducing overall public spending. Contractors need to be ready to take maximum advantage of this opportunity, without losing sight of the fact that the associated pensions obligations and risks can, if not managed and priced for properly, wipe out any expected profits (and more) from what are often low-margin contracts.

With this is mind, guests were invited to attend a breakfast seminar where experts from Punter Southall’s specialist public sector outsourcing team shared our latest research on local authority outsourcing contracts and explained how you could optimise your approach to pensions on public sector contracts. As well as providing a reminder of the main pension requirements and risks of public sector contracts, the seminar focused on:

1. Pricing for or passing-back pension risks but still winning contracts
2. Improving the competitiveness of bids with regard to pensions
3. Streamlining bid processes in order to reduce costs and improve compliance

The seminar included an informal Q&A session during which attendees were able to put questions to our panel.

*Members of Punter Southall’s Public Sector Outsourcing team were available immediately after the event to discuss any issues in more detail over coffee.

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