Award

Shared Cost AVCs

SOUTHEND-ON-SEA BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

01 Apr 2026 at 15:21

Award Notice
Summary of the contracting process

Southend-on-Sea City Council has completed the procurement process for the "Shared Cost AVCs" initiative, focusing on pension investment services within the industry category of pension services. The Council aims to introduce Shared Cost Additional Voluntary Contributions through salary sacrifice for employees who are part of the Local Government Pension Scheme, facilitating tax and National Insurance savings while promoting employee financial wellbeing. This awarded contract, valued at £43,593, was announced on 1st April 2026, with a contract period starting on 1st May 2026 and ending on 30th May 2029. The procurement method was selective, executed as a call-off from a framework agreement, at Southend-on-Sea with postal code SS2 6ER.

This procurement process presents avenues for business growth particularly suitable for small to medium-sized enterprises (SMEs) specialising in pension investment services. By engaging in this type of initiative, businesses can leverage their expertise in government employee pension schemes and contribute to enhancing financial benefits for both the organisation and its workforce. As Southend-on-Sea Borough Council prioritises financial wellbeing and employee engagement, businesses proficient in these services would be well-positioned to compete in similar procurement opportunities, fostering sustainable growth in sectors associated with financial management and public sector pensions.

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Notice Information

Notice Title

Shared Cost AVCs

Notice Description

Southend-on-Sea City Council are looking to introduce Shared Cost Additional Voluntary Contributions (AVCs) via salary sacrifice for employees who are members of the Local Government Pension Scheme (LGPS). The scheme offers significant financial benefits to both employees and the organisation, including tax and National Insurance savings and supports employee financial wellbeing as well as long-term retention and engagement.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-31d536e7-6eeb-4468-bf33-dacdea4d0f29
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/9fada9dc-e02e-4ea7-9270-047586156521
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

75 - Administration, defence and social security services

CPV Codes

66131100 - Pension investment services

66520000 - Pension services

75320000 - Government employee pension schemes

Notice Value(s)

Tender Value
£43,593 Under £100K
Lots Value
Not specified
Awards Value
£43,593 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
1 Apr 20262 days ago
Submission Deadline
17 Dec 2025Expired
Future Notice Date
Not specified
Award Date
31 Mar 20263 days ago
Contract Period
30 Apr 2026 - 30 May 2029 3-4 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
SOUTHEND-ON-SEA BOROUGH COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
SOUTHEND-ON-SEA
Postcode
SS2 6EN
Post Town
Southend-on-Sea
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH3 Essex
Small Region (ITL 3)
TLH31 Southend-on-Sea
Delivery Location
Not specified
Local Authority
Southend-on-Sea
Electoral Ward
Victoria
Westminster Constituency
Southend East and Rochford

Supplier Information

Number of Suppliers
1
Supplier Name

AVC WISE LIMITED (T/A MY MONEY MATTERS

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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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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