Award

Pension Services - Scheme Actuary and Actuarial Consultant, Investment Consultant and Administrator and Secretary to The Trustees - AWARD

THE UNIVERSITY OF NOTTINGHAM

This public procurement record has 2 releases in its history.

AwardUpdate

04 Jun 2020 at 08:39

Award Notice
Award

05 May 2020 at 10:10

Award Notice
Summary of the contracting process

The University of Nottingham is seeking to appoint a Scheme Actuary, Actuarial Consultant, Investment Adviser, and an Administrator and Secretary to the Trustees for its Contributory Pension and Assurance Scheme. This procurement falls under the services category, specifically pension services, and is currently complete. The contract period is set to run from 1st April 2020 to 31st March 2025, with active suppliers including Mercer Limited and XPS Pensions Group. The procurement was conducted through an open procedure, with the tender period ending on 20th December 2019.

This tender represents a significant opportunity for firms specialising in pension services, consultancy, and fund administration, particularly those with a strong reputation and capability in managing pension schemes and related financial services. Businesses well-equipped to deliver these specialised services will be strategically positioned to benefit from the long-term contract, potentially expanding their client base and enhancing their market presence within the pension services community.

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Notice Information

Notice Title

Pension Services - Scheme Actuary and Actuarial Consultant, Investment Consultant and Administrator and Secretary to The Trustees - AWARD

Notice Description

The Trustees of the University of Nottingham Contributory Pension and Assurance Scheme (CPAS) are seeking applications for the appointment of: o Scheme Actuary and actuarial consultant (Lot 1) o Investment Adviser (Lot 2) o Administrator and Secretary to the Trustees (Lot 3) The initial appointment would be for a term of 5 years with an option to extend for a further 1+1 years.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-4bc6dedc-6029-41ee-8908-bfd0cf213e3b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f7887cab-9e6b-4423-885a-d4bae90ec370
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

66131100 - Pension investment services

66141000 - Pension fund management services

66500000 - Insurance and pension services

66520000 - Pension services

66523000 - Pension fund consultancy services

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£413,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Jun 20205 years ago
Submission Deadline
20 Dec 2019Expired
Future Notice Date
Not specified
Award Date
20 Mar 20205 years ago
Contract Period
31 Mar 2020 - 31 Mar 2025 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
THE UNIVERSITY OF NOTTINGHAM
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
NOTTINGHAMSHIRE
Postcode
NG7 2RN
Post Town
Nottingham
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF14 Nottingham
Delivery Location
Not specified
Local Authority
Nottingham
Electoral Ward
Radford
Westminster Constituency
Nottingham South

Supplier Information

Number of Suppliers
2
Supplier Names

MERCER

XPS PENSIONS GROUP

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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