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Provision of Pension Bond

Helena Partnerships Ltd

This public procurement record has 1 release in its history.

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28 Sep 2017 at 10:09

Award Notice
Summary of the contracting process

The procurement process for the provision of a Pension Bond was conducted by Helena Partnerships Limited, a Local Government Pension Scheme (LGPS) Admitted Body based in St Helens, UK. The tender was part of an open procurement process and concluded on 18 September 2017. The contract is valued at £375,000 and covers a period from 1 October 2017 to 31 March 2020. The industry category for this contract falls under corporate finance and venture capital services, specifically addressing a pension deficit with a required bond amount of £20 million.

This tender presents an opportunity for financial services and investment firms experienced in pension management and corporate finance. Businesses that specialise in providing structured finance solutions or managing pension schemes would be particularly well-suited to engage with this contract. The backing of a Local Government Pension Scheme indicates stable long-term engagements, which can be advantageous for companies seeking to expand their portfolios in the public sector. Firms should consider leveraging their expertise in structured finance to seize such opportunities offered through local government contracts.

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Notice Information

Notice Title

Provision of Pension Bond

Notice Description

Helena Partnerships ("Helena") is an Admitted Body in the Merseyside Pension Fund ("MPF"). This is a Local Government Pension Scheme(LGPS) and Helena became an Admitted Body on transfer of the housing stock from St Helens Council in July 2002. MPF provides Defined Benefit pensions for its members. The LGPS has been closed to new entrants by Helena. There is currently a deficit in the scheme and the pension administrator is requiring Helena to provide a pension bond of PS20m for a period up to 31 March 2020

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-254ab3a5-5ebb-48cb-89b8-b553030e430d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/37622a9c-8473-4aea-b9e4-520bec2063b6
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66122000 - Corporate finance and venture capital services

Notice Value(s)

Tender Value
£375,000 £100K-£500K
Lots Value
Not specified
Awards Value
£375,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
28 Sep 20178 years ago
Submission Deadline
18 Sep 2017Expired
Future Notice Date
Not specified
Award Date
18 Sep 20178 years ago
Contract Period
1 Oct 2017 - 31 Mar 2020 2-3 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Helena Partnerships Ltd
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
ST HELEN'S
Postcode
WA9 1LD
Postcode Area
Warrington
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD7 Merseyside
Small Region (ITL 3)
TLD71 East Merseyside
Delivery Location
TLD North West (England)
Local Authority
St. Helens
Electoral Ward
Peasley Cross & Fingerpost
Westminster Constituency
St Helens South and Whiston

Supplier Information

Number of Suppliers
1
Supplier Name

Abbey National Treasury Services plc C/O Santander UK PLC

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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