Award

Pensions Administration Shared Service Preferred Partner

LONDON BOROUGH OF HACKNEY

This public procurement record has 1 release in its history.

Award

13 Mar 2025 at 09:17

Summary of the contracting process

The London Borough of Hackney has completed its tender process for the "Pensions Administration Shared Service Preferred Partner" contract, classified under industry category 66523100 for pension fund administration services. This selective procurement using a restricted procedure concluded with an award on 30 July 2024, with the contract commencing from 1 January 2025 and ending on 1 January 2028. The total contract value is £805,845, and it focuses on delivery within the London region, United Kingdom.

This tender offers a substantial growth opportunity for businesses specialising in pension fund administration services. The selective nature of the procurement process indicates a preference for experienced and capable partners. Companies of various scales, particularly SMEs, will find this contract especially beneficial as it supports their expansion into new public sector markets. Enterprises with the requisite expertise in delivering comprehensive pension administration services are well-suited for such collaborative engagements with public sector entities like the London Borough of Hackney.

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Notice Title

Pensions Administration Shared Service Preferred Partner

Notice Description

Preferred partner for the delivery of the Fund's pensions administration service via a shared service arrangement.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-6e0a8e63-de5c-4616-aff9-3e157571be66
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/dbda57fd-996b-4412-8e08-5bf444c2792b
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Restricted procedure
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
£805,845 £500K-£1M
Lots Value
Not specified
Awards Value
£805,845 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Mar 202511 months ago
Submission Deadline
12 Jul 2024Expired
Future Notice Date
Not specified
Award Date
29 Jul 20241 years ago
Contract Period
1 Jan 2025 - 1 Jan 2028 3-4 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
LONDON BOROUGH OF HACKNEY
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HACKNEY
Postcode
E8 1DY
Post Town
East London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI4 Inner London - East
Small Region (ITL 3)
TLI41 Hackney and Newham
Delivery Location
TLI London

Local Authority
Hackney
Electoral Ward
Hackney Central
Westminster Constituency
Hackney South and Shoreditch

Supplier Information

Number of Suppliers
1
Supplier Name

LOCAL PENSIONS PARTNERSHIP ADMINISTRATION

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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