Award

Pension fund: Governance consultancy

ISLE OF WIGHT COUNCIL

This public procurement record has 1 release in its history.

Award

03 Apr 2025 at 17:38

Award Notice
Summary of the contracting process

The Isle of Wight Council has completed the procurement process for a 12-month governance consultancy contract for their pension fund. This contract, valued at £75,000, falls under the category of Pension Fund Consultancy Services (CPV code: 66523000). The direct award procurement method was used, and the contract was awarded to Hymans Robertson LLP. The service will be provided in the South East region of the United Kingdom, starting on 2nd January 2025 and ending on 1st January 2026. The award notice was published on 3rd April 2025, following the tender period which ended on 25th November 2024.

This tender offers opportunities for large consultancy firms specialising in pension fund governance to showcase their expertise and potentially secure similar contracts in the future. Medium and large consultancies with experience in financial services consultancy are well-suited to compete for such contracts. Collaborating with a public sector organisation like Isle of Wight Council could provide extensive experience and visibility in the market, paving the way for substantial business growth.

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Notice Information

Notice Title

Pension fund: Governance consultancy

Notice Description

Pension fund Governance consultancy for a short term 12-month contract.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-8bce9837-c9c3-4eaf-a333-dc7b3130d55b
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/7ab5e7de-3bef-4e44-8cca-15e8de581fbd
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£75,000 Under £100K
Lots Value
Not specified
Awards Value
£75,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
3 Apr 202510 months ago
Submission Deadline
25 Nov 2024Expired
Future Notice Date
Not specified
Award Date
27 Nov 20241 years ago
Contract Period
2 Jan 2025 - 1 Jan 2026 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
Vanessa Squibb
Contact Email
vanessa.squibb@iow.gov.uk
Contact Phone
+44 1983821000

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)

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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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