Tender

Provision of pension governance services

LEGAL SERVICES BOARD

This public procurement record has 1 release in its history.

Tender

11 Aug 2023 at 15:40

Tender Notice
Summary of the contracting process

The Legal Services Board (LSB) is inviting tenders for the provision of pension governance services. The services required include preparing annual reports, presentations to committees, and answering queries regarding pension schemes. The tender deadline is 31 August 2023, with the contract period starting from 1 November 2023 and lasting for three years. The procurement method is an open procedure, and the location for service delivery is in London, WC1A 1DE. The industry category for this tender is pension fund consultancy services, suitable for small and medium-sized enterprises.

This tender by the LSB presents an opportunity for businesses specialising in pension fund consultancy services to partner with a reputable organisation and provide governance services. Companies with expertise in pension schemes, annual reporting, and interaction with internal committees are well-suited to compete. The contract duration of three years offers a stable revenue stream for successful applicants. Interested businesses should submit their fully costed proposals, including VAT, and describe how they meet the service specifications by the deadline of 31 August 2023.

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Notice Information

Notice Title

Provision of pension governance services

Notice Description

The Legal Services Board (LSB) is looking to appoint a suitably qualified provider of pension governance services. As a very small organisation, we do not have in-house pension expertise. We are looking for a supplier who can work in partnership with the LSB to deliver pension governance and associated services to a high standard. Our aim is to appoint a supplier to provide pension governance services to the LSB for an initial term of three years, from 1 November 2023 and 31 October 2026 with the potential for an extension. Specification of services required (this will form part of the Contract) * Annual Pension Governance report including: (a) Evaluation of pension scheme performance in the past year (to 30 June) and benchmarking to comparator performance in the pension market, and (b) Recommendation of external pension provider. * Remuneration Committee (RNC) presentation in February annually. * Meeting with the executive pension committee in January (CEO, Director of Enabling Services, Head of Finance and IT, and HR lead). * Available to answer queries once the Pension Governance report has been prepared (approx.one/two hours needed). * Annual Pensions presentation to all LSB colleagues (annually in March). * Annual one-to-one sessions with LSB colleagues on request (annually in March). * Review and update of LSB pensions booklet and admin forms periodically (approximately every two years). * Participate in any internal or external audit of LSB pension arrangements as required A tender is required which should include method statements, but not be limited to: * A description of how you would work with us. * A description of how you will meet the service specification requirements listed above. A fully costed proposal with fixed and variable costs, including VAT. Where possible this should be broken down into annual or one-off costs, including any set up fees. * Completion of the Supplier form and EDI form. All tender submissions should be submitted by 23.59pmon 31 August 2023 to tenders@legalservicesboard.org.uk . Submissions submitted to other addresses or beyond this time will not be accepted. The full ITT is attached to this notice.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-21b6d5f4-0130-4d33-a44e-f38feb4b5cd9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6c2524da-b73c-4d4d-8956-e9909cfb35e7
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
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£10,750 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Aug 20232 years ago
Submission Deadline
31 Aug 2023Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
1 Nov 2023 - 31 Oct 2026 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LEGAL SERVICES BOARD
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
WC2B 4AN
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Further Information

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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