Tender

Third Party Pension Administration Services

LONDON BOROUGH OF HAMMERSMITH & FULHAM

This public procurement record has 1 release in its history.

Tender

20 Nov 2020 at 16:30

Tender Notice
Summary of the contracting process

The London Borough of Hammersmith and Fulham is currently seeking a third-party provider for Pension Administration Services, specifically to address backlog services within their Local Government Pension Scheme. This open tender process falls under the 'services' category and is headquartered in London (postal code: W6 9JU). Interested bidders must submit their proposals by the deadline of 7 December 2020, with the contract anticipated to commence on 4 January 2021 and continue until 3 July 2021. The procurement method for this tender is an open procedure, allowing for broad participation.

This tender presents a unique opportunity for firms specialising in pension administration and consultancy services, particularly those with experience in managing local government pension schemes and familiarisation with the Altair administration system. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations are encouraged to participate, as the buying authority prioritises financial efficiency and value in delivering essential services to a constituency of approximately 15,300 members.

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Notice Information

Notice Title

Third Party Pension Administration Services

Notice Description

The London Borough of Hammersmith and Fulham (LBHF) is one of London's leading councils. We aim to be the best. We are radically reforming the council to modernise the way services are run and ensure we provide good value for money. Being ruthlessly financially efficient is one of our key priorities. Our Local Government Pension Scheme (LGPS) caters for around 15,300 members (split between c. 4,000 active members; c. 6,000 deferred members; and c. 5,300 pensioner members) and includes council employees as well as around 50 admitted bodies. The LBHF require support from a third party pension administration firm to undertake backlog services relating to frozen refund, refund, deferred members and aggregated cases. Surrey County Council (SCC) provide pension administration services to LBHF through a shared service agreement. As such, the chosen provider will need to work closely with SCC and be familiar with the Altair administration system. The number of backlog cases are highlighted below - please note that these figures are estimates and were accurate as of February 2020. - Frozen Refunds - 557 - Refunds - 202 - Deferred Members - 338 - Aggregations - 592 - Total - 1.689

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-7638bb4c-2a6c-4f64-abfd-a8a4a79199d9
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7be75c2b-abca-47a6-a767-5a67e992d8a5
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure (below threshold)
Tender Suitability
SME, VCSE
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
20 Nov 20205 years ago
Submission Deadline
7 Dec 2020Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
4 Jan 2021 - 3 Jul 2021 6-12 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
LONDON BOROUGH OF HAMMERSMITH & FULHAM
Contact Name
Not specified
Contact Email
procurement@lbhf.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
LONDON
Postcode
W6 9JU
Post Town
West London
Country
England
Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI33 Kensington & Chelsea and Hammersmith & Fulham
Delivery Location
TLI London
Local Authority
Hammersmith and Fulham
Electoral Ward
Hammersmith Broadway
Westminster Constituency
Hammersmith and Chiswick

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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