Award

Provision of Pension consulting & advisory services

THE FINANCIAL REPORTING COUNCIL LIMITED

This public procurement record has 2 releases in its history.

Award

27 Jun 2022 at 08:44

Award Notice
Tender

01 Apr 2022 at 11:24

Tender Notice
Summary of the contracting process

The Financial Reporting Council (FRC) has recently completed a tender process for the "Provision of Pension consulting & advisory services" as part of their commitment to public interest and high standards in corporate governance. The procurement, classified under group pension services and pension fund consultancy services, followed an open procedure and was published on 1st April 2022, concluding on 21st April 2022. The awarded contract, valued at £25,101, commenced on 30th June 2022 and will extend until 30th June 2026. The delivery location for services is within London, with the postal code EC2Y 5AS.

This procurement offers valuable opportunities for businesses specialising in pension consultancy and advisory services. Companies that are small and medium-sized enterprises (SMEs) or voluntary, community, and social enterprises (VCSEs) would be well-suited to compete for such contracts, leveraging their expertise in managing pension schemes and supporting organisational financial wellbeing. Engaging with the FRC could not only enhance service delivery capabilities but also foster long-term partnerships and growth within the public sector.

Find more tenders on our Open Data Platform.
How relevant is this notice?

D3 Tenders Premium

Win More Public Sector Contracts

AI-powered tender discovery, pipeline management, and market intelligence — everything you need to grow your public sector business.

Start Free Trial Book a Demo
All Features Pricing

Notice Information

Notice Title

Provision of Pension consulting & advisory services

Notice Description

***THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE*** The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them. The aim of this project was to engage a specialist for the provision of pension consulting and advisory services. We are seeking Pensions Consulting and Advisory Services to support the FRC in relation to our obligation to administer the Pension Scheme, to maintain and/or enhance the Staff Benefit pension proposition and to encourage future financial wellbeing. Further details were available in the attached Invitation to Tender (ITT) and associated documents. The process of applying was to see the Invitation to Tender (ITT) for the scope of the project requirements and application details. Bidders were required to submit one proposal (using the provided Tender response document) addressing how they met / propose to meet the FRC's requirements. Additional information: THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-5159b232-9811-416b-8030-8fb829a19f93
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/a6e5c947-6111-40b7-b210-c55f5dbf09c4
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66522000 - Group pension services

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£40,000 Under £100K
Lots Value
Not specified
Awards Value
£25,101 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
27 Jun 20223 years ago
Submission Deadline
21 Apr 2022Expired
Future Notice Date
Not specified
Award Date
30 May 20223 years ago
Contract Period
29 Jun 2022 - 30 Jun 2026 4-5 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 FINANCIAL REPORTING COUNCIL LIMITED
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
EC2Y 5AS
Post Town
Central London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified
Local Authority
City of London
Electoral Ward
Bassishaw
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

PREMIER BENEFIT SOLUTIONS

Further Information

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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. 

{
    "tag": [
        "compiled"
    ],
    "id": "ocds-b5fd17-5159b232-9811-416b-8030-8fb829a19f93-2022-06-27T09:44:22+01:00",
    "date": "2022-06-27T09:44:22+01:00",
    "ocid": "ocds-b5fd17-5159b232-9811-416b-8030-8fb829a19f93",
    "language": "en",
    "initiationType": "tender",
    "tender": {
        "id": "FRC2022-046",
        "title": "Provision of Pension consulting & advisory services",
        "description": "***THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE*** The purpose of the Financial Reporting Council (FRC) is to serve the public interest by setting high standards of corporate governance, reporting and audit and by holding to account those responsible for delivering them. The aim of this project was to engage a specialist for the provision of pension consulting and advisory services. We are seeking Pensions Consulting and Advisory Services to support the FRC in relation to our obligation to administer the Pension Scheme, to maintain and/or enhance the Staff Benefit pension proposition and to encourage future financial wellbeing. Further details were available in the attached Invitation to Tender (ITT) and associated documents. The process of applying was to see the Invitation to Tender (ITT) for the scope of the project requirements and application details. Bidders were required to submit one proposal (using the provided Tender response document) addressing how they met / propose to meet the FRC's requirements. Additional information: THIS OPPORTUNITY IS CLOSED. THIS IS A CONTRACT AWARD NOTICE.",
        "datePublished": "2022-04-01T12:24:55+01:00",
        "status": "complete",
        "classification": {
            "scheme": "CPV",
            "id": "66522000",
            "description": "Group pension services"
        },
        "additionalClassifications": [
            {
                "scheme": "CPV",
                "id": "66523000",
                "description": "Pension fund consultancy services"
            }
        ],
        "items": [
            {
                "id": "1",
                "deliveryAddresses": [
                    {
                        "postalCode": "EC2Y 5AS"
                    },
                    {
                        "postalCode": "EC2Y 5AS"
                    }
                ]
            }
        ],
        "minValue": {
            "amount": 20000,
            "currency": "GBP"
        },
        "value": {
            "amount": 40000,
            "currency": "GBP"
        },
        "procurementMethod": "open",
        "procurementMethodDetails": "Open procedure (below threshold)",
        "tenderPeriod": {
            "endDate": "2022-04-21T12:00:00+01:00"
        },
        "contractPeriod": {
            "startDate": "2022-07-01T00:00:00+01:00",
            "endDate": "2026-06-30T23:59:59+01:00"
        },
        "suitability": {
            "sme": true,
            "vcse": true
        },
        "mainProcurementCategory": "services",
        "documents": [
            {
                "id": "1",
                "documentType": "tenderNotice",
                "description": "Opportunity notice on Contracts Finder",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/3891857a-7d8a-4dd6-8262-7fcfea8553be",
                "datePublished": "2022-04-01T12:24:55+01:00",
                "format": "text/html",
                "language": "en"
            },
            {
                "id": "2",
                "documentType": "technicalSpecifications",
                "description": "Provision of Pension consulting & advisory services ITT",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/e9e650c7-a4e3-486e-a002-99d5cafe9332",
                "format": "application/pdf"
            },
            {
                "id": "3",
                "documentType": "biddingDocuments",
                "description": "Tender Response Document (with Terms)",
                "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/8a1125e6-176b-442f-bd3a-45df8595186f",
                "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
            }
        ]
    },
    "parties": [
        {
            "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/Z4T88dvU",
            "name": "THE FINANCIAL REPORTING COUNCIL LIMITED",
            "identifier": {
                "legalName": "THE FINANCIAL REPORTING COUNCIL LIMITED",
                "scheme": "GB-SRS",
                "id": "sid4gov.cabinetoffice.gov.uk/Z4T88dvU"
            },
            "address": {
                "streetAddress": "8th Floor, 125 London Wall",
                "locality": "LONDON",
                "postalCode": "EC2Y5AS",
                "countryName": "England"
            },
            "contactPoint": {
                "name": "Head of Procurement",
                "email": "Procurement@frc.org.uk",
                "telephone": "020 7492 2300"
            },
            "details": {
                "url": "http://www.frc.org.uk"
            },
            "roles": [
                "buyer"
            ]
        },
        {
            "id": "GB-COH-06036012",
            "name": "Premier Benefit Solutions Ltd",
            "identifier": {
                "legalName": "Premier Benefit Solutions Ltd",
                "scheme": "GB-COH",
                "id": "06036012"
            },
            "address": {
                "streetAddress": "AMP House Dingwall Road Croydon CR0 2LX"
            },
            "details": {
                "scale": "large",
                "vcse": false
            },
            "roles": [
                "supplier"
            ]
        }
    ],
    "buyer": {
        "id": "GB-SRS-sid4gov.cabinetoffice.gov.uk/Z4T88dvU",
        "name": "THE FINANCIAL REPORTING COUNCIL LIMITED"
    },
    "awards": [
        {
            "id": "ocds-b5fd17-5159b232-9811-416b-8030-8fb829a19f93-1",
            "status": "active",
            "date": "2022-05-31T00:00:00+01:00",
            "datePublished": "2022-06-27T09:44:22+01:00",
            "value": {
                "amount": 25101,
                "currency": "GBP"
            },
            "suppliers": [
                {
                    "id": "GB-COH-06036012",
                    "name": "Premier Benefit Solutions Ltd"
                }
            ],
            "contractPeriod": {
                "startDate": "2022-06-30T00:00:00+01:00",
                "endDate": "2026-06-30T23:59:59+01:00"
            },
            "documents": [
                {
                    "id": "1",
                    "documentType": "awardNotice",
                    "description": "Awarded contract notice on Contracts Finder",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/a6e5c947-6111-40b7-b210-c55f5dbf09c4",
                    "datePublished": "2022-06-27T09:44:22+01:00",
                    "format": "text/html",
                    "language": "en"
                },
                {
                    "id": "4",
                    "documentType": "technicalSpecifications",
                    "description": "Provision of Pension consulting & advisory services ITT",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/e9e650c7-a4e3-486e-a002-99d5cafe9332",
                    "format": "application/pdf"
                },
                {
                    "id": "3",
                    "documentType": "biddingDocuments",
                    "description": "Tender Response Document (with Terms)",
                    "url": "https://www.contractsfinder.service.gov.uk/Notice/Attachment/8a1125e6-176b-442f-bd3a-45df8595186f",
                    "format": "application/vnd.openxmlformats-officedocument.wordprocessingml.document"
                }
            ]
        }
    ]
}