Award

Additional Voluntary Contribution Services (AVC)

LEICESTERSHIRE COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

02 Jun 2025 at 09:35

Award Notice
Summary of the contracting process

Leicestershire County Council has completed the procurement process for Additional Voluntary Contribution Services under the National LGPS Framework, targeting the industry category of pension services. The opportunity was classified under CPV code 66520000. The contract is set to commence on 1st July 2025 and will conclude on 30th June 2035, serviced by Prudential Assurance Company. This procurement covers asset classes with diverse investment options, including lifestyle and ethically sustainable funds. This award phase marks the successful culmination of the tender initiated by this process, focusing on services within England, United Kingdom.

The provision of Additional Voluntary Contribution Services by Prudential Assurance Company presents growth opportunities for businesses specialising in pension services, especially those offering innovative investment solutions across different risk levels and environmental considerations. SMEs are particularly encouraged to explore similar future collaborations with public sector buyers like Leicestershire County Council. Enterprises offering unique financial products, including sharia-compliant and green funds, would be well-suited to compete in this sector, fostering diversified service offerings to public bodies.

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Notice Information

Notice Title

Additional Voluntary Contribution Services (AVC)

Notice Description

Leicestershire County Council Pension Fund (the fund) to appoint a Provider to supply the following services under Lot 1 - Additional Voluntary Contribution Services (AVC) under the National LGPS Framework reference NCCT42646 as set out in the Framework tender documents. The fund would like offered a mix of asset classes, active and passive options, investment risks (high/medium/low risk funds), a default fund, lifestyle funds, preferably including a sharia compliant fund, and green and ethically sustainable funds.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-39eed0ae-2c46-4f52-95a6-67226a029ffc
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/197c8a6a-095b-475e-8684-b42638c035fb
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jun 20258 months ago
Submission Deadline
17 Mar 2025Expired
Future Notice Date
Not specified
Award Date
1 Jun 20258 months ago
Contract Period
30 Jun 2025 - 30 Jun 2035 Over 5 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
LEICESTERSHIRE COUNTY 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
LEICESTER
Postcode
LE3 8RA
Post Town
Leicester
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF22 Leicestershire CC and Rutland
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
Blaby
Electoral Ward
Glenfield Faire
Westminster Constituency
Mid Leicestershire

Supplier Information

Number of Suppliers
1
Supplier Name

PRUDENTIAL ASSURANCE

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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