Tender

Advisor for the Local Pensions Board

NOTTINGHAMSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Tender

27 Feb 2025 at 15:42

Summary of the contracting process

Nottinghamshire County Council is inviting tenders for an "Advisor for the Local Pensions Board" within the realm of pension investment services, insurance, and pension services in England, United Kingdom. The Council seeks an external adviser to aid its Local Pensions Board in adhering to regulations, and ensuring effective governance and administration of the Pension Fund. The tendering procedure is an open process below threshold, and submissions are due by 31st March 2025. The contract is expected to start on 8th June 2025 and end on 7th June 2028, with an estimated contract value of £105,000 GBP.

This tender presents a substantial opportunity for SMEs and voluntary, community, and social enterprises (VCSEs) specialised in pension investment and management services. By participating, businesses can expand their client portfolio within the public sector and gain expertise in providing consulting services to a significant government pension scheme. The open competition ensures that suitable businesses have a fair chance to demonstrate their capabilities and win the contract, fostering potential business growth and long-term partnerships with a reputable public entity like Nottinghamshire County Council.

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Notice Title

Advisor for the Local Pensions Board

Notice Description

Nottinghamshire County Council is the administering authority for the Local Government Pension Scheme (LGPS) within Nottinghamshire. The LGPS is a statutory scheme administered by individual pension funds. As required by the Public Service Pensions Act 2013, the Council has a Local Pensions Board ("the Board") which assists with ensuring compliance with the regulations and the requirements of the Pensions Regulator and ensuring the effective and efficient governance and administration of the Pension Fund. The Council is looking for an external adviser to provide reports, advice and training to the Board.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-070942e1-c435-4397-bdec-13de6d620d55
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/3185cc3d-488a-448c-8655-571bbdaee71e
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66131100 - Pension investment services

66141000 - Pension fund management services

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£105,000 £100K-£500K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
27 Feb 202512 months ago
Submission Deadline
31 Mar 2025Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
7 Jun 2025 - 7 Jun 2028 3-4 years
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
NOTTINGHAMSHIRE COUNTY COUNCIL
Contact Name
Fraser Walker
Contact Email
fraser.walker@nottscc.gov.uk
Contact Phone
+44 1158044631

Buyer Location

Locality
NOTTINGHAMSHIRE
Postcode
NG2 7QP
Post Town
Nottingham
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF16 South Nottinghamshire
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Rushcliffe
Electoral Ward
Trent Bridge
Westminster Constituency
Rushcliffe

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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