Award

Pension Administration Support

ISLE OF WIGHT COUNCIL

This public procurement record has 1 release in its history.

Award

15 Nov 2024 at 14:14

Award Notice
Summary of the contracting process

The Isle of Wight Council has completed the award stage for a contract titled "Pension Administration Support" in the South East region of the United Kingdom. This procurement falls under the industry category of staff supply services and pension fund administration services. The contract is valued at £349,800 and spans from 5th June 2024 to 31st May 2025. The procurement method was limited, with Hymans Robertson LLP being awarded the contract without prior publication of a contract notice. This urgent need arose due to staff shortages within the Council's pension fund administration team.

This tender presents a significant opportunity for businesses specialising in pension fund administration, particularly those with expertise in Local Government Pension Schemes (LGPS). The awarded supplier, Hymans Robertson LLP, was selected for their dedicated specialist knowledge and prior experience with the Isle of Wight Council's Pension scheme. Businesses capable of providing high-quality, specialised administrative support services stand to benefit from this type of contract, especially those that can offer flexible service delivery to meet urgent organisational needs.

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Notice Information

Notice Title

Pension Administration Support

Notice Description

Pension Administration Support for 12 month period in relation to the Isle of Wight Council Pension Fund. Provision of up to 120 hours of senior pension administrator per month, to be used as required, to support business-as-usual administration tasks and/or project administration and/or training in relation to the pension fund over the next twelve months. This urgent need has been created due to several experienced members of staff from the Authority's pension fund administration team leaving the authority over the last 12 months. A recruitment campaign has been carried out however this was unsuccessful. This contract is needed whilst an internal review and re-structure takes place. During this time specialist knowledge of Local Government Pension Schemes (LGPS) is required. There are very few suppliers that can provide LGPS support services and this supplier has a dedicated team and already understand the Isle of Wight Council's Pension scheme as have been proving temporary support under an existing contract. A VEAT notice was published in Find a Tender Service (2024/S 000-016446)and the Isle of Wight Council observed a 10 day standstill period which ended at midnight on 3 June 2024. An award notice was also published: 2024/S 000-017343

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-682c9bd0-de4a-40e3-a27b-4fd0a5a0cb40
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/41d4baa5-c730-42fc-a7b4-abe9eb1fcf49
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award of contract without prior publication of a contract notice
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

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

CPV Codes

66523100 - Pension fund administration services

79620000 - Supply services of personnel including temporary staff

Notice Value(s)

Tender Value
£349,800 £100K-£500K
Lots Value
Not specified
Awards Value
£349,800 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Nov 20241 years ago
Submission Deadline
3 Jun 2024Expired
Future Notice Date
Not specified
Award Date
3 Jun 20241 years ago
Contract Period
4 Jun 2024 - 31 May 2025 6-12 months
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
ISLE OF WIGHT 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
NEWPORT
Postcode
PO30 1UD
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
TLJ South East (England)
Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
1
Supplier Name

HYMANS ROBERTSON

Further Information

Notice Documents

Notice URLs

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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