Award

2019-2020-174 Defined Contribution Pension Provider

METROPOLITAN THAMES VALLEY (MTVH)

This public procurement record has 1 release in its history.

Award

13 Aug 2020 at 14:30

Summary of the contracting process

The procurement process for the contract titled "2019-2020-174 Defined Contribution Pension Provider" was conducted by Metropolitan Thames Valley (MTVH) situated in London, United Kingdom. This process falls under the services category, specifically dealing with pension services (CPV code 66520000). The procurement was carried out via an open procedure, and the contract, valued at £548,000, has been awarded to Aviva. The contract commenced on 8th July 2020 and is set to conclude on 30th June 2024. The award notice was published on 13th August 2020, highlighting the completion of the tender stage.

This tender represents a significant opportunity for businesses specialising in pension services, particularly those that can offer innovative solutions within a Master Trust arrangement. Companies that are well-acquainted with the regulatory frameworks related to pensions, especially those accredited by the Pensions Regulator, would be aptly positioned to compete. Given the growing emphasis on employee benefits, firms venturing into this sector may find avenues for growth, collaborating with large organisations like MTVH to enhance their service offerings.

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Notice Title

2019-2020-174 Defined Contribution Pension Provider

Notice Description

We are looking for a provider to partner us in offering a single defined contribution pension arrangement to our employees. This arrangement is to be in the form of a Master Trust arrangement that is authorised by the Pensions Regulator.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-afdccb7e-8ba9-4809-b87f-288fd72a1d49
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/6364143a-e9a1-4b49-9a06-3a78623564dc
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
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£548,000 £500K-£1M
Lots Value
Not specified
Awards Value
£548,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
13 Aug 20205 years ago
Submission Deadline
6 Jul 2020Expired
Future Notice Date
Not specified
Award Date
6 Jul 20205 years ago
Contract Period
7 Jul 2020 - 30 Jun 2024 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
METROPOLITAN THAMES VALLEY (MTVH)
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
N14 6PW
Post Town
North London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI5 Outer London - East and North East
Small Region (ITL 3)
TLI54 Enfield
Delivery Location
TLI London

Local Authority
Enfield
Electoral Ward
Southgate
Westminster Constituency
Southgate and Wood Green

Supplier Information

Number of Suppliers
1
Supplier Name

AVIVA

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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