Tender

Provision of advice regarding the sourcing of an employer administered defined contribution pension scheme

OLDHAM COUNCIL

This public procurement record has 1 release in its history.

Tender

05 Mar 2018 at 15:54

Tender Notice
Summary of the contracting process

The Oldham Council is currently seeking proposals for the provision of advice regarding the sourcing of an employer-administered defined contribution pension scheme. This tender falls within the financial and insurance services industry, specifically aiming for consultancy services. The tender was published on 5 March 2018 and is open until 21 March 2018, with the contract period expected to commence on 6 April 2018 and last until 2 July 2018. The services are required for a company with approximately 100-150 potential scheme members, based in the North West region of the United Kingdom.

This tender presents a valuable opportunity for businesses specialising in financial consulting and employee benefits management, particularly those familiar with pension schemes and regulatory compliance. SMEs and voluntary, community, and social enterprises (VCSEs) are encouraged to participate, as their specific insights could be advantageous for the Council's requirements. Businesses well-versed in evaluating pension options and crafting competitive employee remuneration packages will find this tender particularly suitable for their expertise.

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Notice Information

Notice Title

Provision of advice regarding the sourcing of an employer administered defined contribution pension scheme

Notice Description

The Council is seeking advice regarding employer administered Defined Contribution pension schemes. The current provider of such a scheme for employees in a private sector company in which the Council has an interest is withdrawing provision. The assistance of a specialist is required to provide advice to the Council so it is able to: * Determine which firms are likely to be interested in providing a Defined Contribution (DC) pension scheme arrangement for a company employing c100-150 potential scheme members and what the fees/costs associated with such an arrangement are likely to be; * Identify what legal/regulatory issues are pertinent to the selection and appointment of a reputable company capable of providing a DC pension scheme arrangement (e.g. new requirements regarding minimum contribution rates). The company concerned is also in a Teckal arrangement (which may change in future) and the Council requires advice as to whether this has any implications for the sourcing of a DC pension scheme; * Identify alternative options if there is little or no market appetite for provision (for example, Nest); * Determine what would constitute a reasonable 'package' to offer to employees in terms of pension provision including but not limited to employer contribution rates, the extent to which employer and employee contributions should be matched, whether additional items such as life cover should be included and the extent to which employees can access and manage their pension scheme details via the web. In the context of employee remuneration, advice is sought regarding what package represents a reasonable and competitive offer. Additional information: Please register on https://procontract.due-north.com/ and search for DN327102 to find details of the opportunity.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-41e97ab3-efa6-425b-9a34-874e9b068d65
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f2ae15b3-8d95-430c-9383-2bb0f0d28bde
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66000000 - Financial and insurance services

79400000 - Business and management consultancy and related services

Notice Value(s)

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

Notice Dates

Publication Date
5 Mar 20187 years ago
Submission Deadline
21 Mar 2018Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
5 Apr 2018 - 2 Jul 2018 1-6 months
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
OLDHAM 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
OLDHAM
Postcode
OL1 1DZ
Post Town
Oldham
Country
England
Major Region (ITL 1)
TLD North West (England)
Basic Region (ITL 2)
TLD3 Greater Manchester
Small Region (ITL 3)
TLD37 Greater Manchester North East
Delivery Location
TLD North West (England)
Local Authority
Oldham
Electoral Ward
St Mary's
Westminster Constituency
Oldham East and Saddleworth

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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