Award

LUV01197 Sole Trustee for PAS

UNIVERSITY OF LEICESTER

This public procurement record has 1 release in its history.

Award

15 Nov 2024 at 09:55

Summary of the contracting process

The University of Leicester has completed the procurement process for "LUV01197 Sole Trustee for PAS," which falls under the pension services category. The contract concerns Sole Trustee and Secretary Services for the University of Leicester Pension Assurance Scheme (PAS). The awarded contract, valued at £370,000, began on 1st December 2024 and will run until 30th November 2029. The tender followed an open procurement method and was situated in the East Midlands, United Kingdom, with the tender period closing on 11th November 2024. The award was granted to Dalriada Trustees Limited.

This tender presents significant opportunities for businesses specialising in pension and assurance services, particularly small and medium-sized enterprises (SMEs), which were deemed suitable for this project. The long-term contract duration offers a steady stream of work and the potential for ongoing collaboration with a prominent educational institution, facilitating business growth through a stable and reputable client relationship. Businesses with expertise in managing defined benefit pension schemes are well-suited to such contracts.

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Notice Title

LUV01197 Sole Trustee for PAS

Notice Description

Sole Trustee and Secretary Services for University of Leicester Pension Assurance Scheme (PAS). The University of Leicester is seeking to move to a sole trustee model for its legacy defined benefit pension scheme, the Pension and Assurance Scheme (PAS), during 2024.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6d9e8464-658a-4e9f-83ac-a7edc3669fe6
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/2b79b7b9-26a3-48ec-b211-48d49af19e71
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
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£370,000 £100K-£500K
Lots Value
Not specified
Awards Value
£370,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
15 Nov 20241 years ago
Submission Deadline
11 Nov 2024Expired
Future Notice Date
Not specified
Award Date
11 Nov 20241 years ago
Contract Period
1 Dec 2024 - 30 Nov 2029 Over 5 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF LEICESTER
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
LE1 7RH
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)
TLF21 Leicester
Delivery Location
TLF East Midlands (England)

Local Authority
Leicester
Electoral Ward
Castle
Westminster Constituency
Leicester South

Supplier Information

Number of Suppliers
1
Supplier Name

DALRIADA TRUSTEES

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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