Award

Pensions Investment Consultant

LONDON BOROUGH OF SUTTON

This public procurement record has 1 release in its history.

Award

04 Oct 2021 at 13:06

Summary of the contracting process

The London Borough of Sutton, in collaboration with the Royal Borough of Kingston, has completed a procurement process for the role of Pensions Investment Consultant. The tender began on 1st July 2021 and is set to run for four years, with an optional two-year extension. The contract, valued at £139,000 per council, was awarded to Mercer on 28th June 2021, and covers services in the insurance and pension sector across England. The procurement method employed was a further competition under the National LGPS Framework for Investment Management Consultancy Services.

This tender presents a significant opportunity for businesses in the financial consultancy sector, particularly small and medium-sized enterprises (SMEs) that specialise in investment strategies and pension management. Companies well-versed in the public sector's regulatory framework and those with experience in local government contracts would find suitable grounds to compete effectively. This is a chance for businesses to engage with councils, helping them to manage their pension assets more efficiently while expanding their own market presence.

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Notice Title

Pensions Investment Consultant

Notice Description

The London Borough of Sutton in partnership with the Royal Borough of Kingston are appointing a contractor to provide Investment Consultancy services. The contract is for a period of four years with the option to extend for a further 2 years (24 months). The contract value is estimated to be PS139,000 for each council. But this may vary depending on future requirements.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7158df1d-c243-414d-8a0c-e2f5729d6c30
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/46b05028-2a76-498c-8265-c53f5620e033
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
£278,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Oct 20214 years ago
Submission Deadline
14 May 2021Expired
Future Notice Date
Not specified
Award Date
27 Jun 20214 years ago
Contract Period
30 Jun 2021 - 30 Jun 2025 4-5 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
LONDON BOROUGH OF SUTTON
Contact Name
Steve Hoy
Contact Email
steve.hoy@sutton.gov.uk
Contact Phone
+44 2087705911

Buyer Location

Locality
SUTTON
Postcode
SM1 1EA
Post Town
Sutton
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI6 Outer London - South
Small Region (ITL 3)
TLI63 Merton, Kingston upon Thames and Sutton
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)

Local Authority
Sutton
Electoral Ward
Sutton Central
Westminster Constituency
Sutton and Cheam

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

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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