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Salary Sacrifice Shared Cost Additional Voluntary Contributions (AVCs)

Cambridgeshire County Council

This public procurement record has 1 release in its history.

Award

04 Sep 2026 at 13:07

Award Notice
Summary of the contracting process

Cambridgeshire County Council procured a fully managed salary sacrifice shared-cost Additional Voluntary Contribution (AVC) scheme. The service includes administration and delivery of the shared-cost AVC arrangement, together with a range of financial wellbeing resources provided through an online platform. This is a pension-related service for council employees and is intended to replicate the existing offering provided by My Money Matters. The work is delivered in England, United Kingdom. The procurement is classified as pension services and falls within the wider services category. The named buyer is Cambridgeshire County Council, based at New Shire Hall, Alconbury Weald, Huntingdon. The selected supplier is AVC Wise Limited, trading as My Money Matters, an SME.

The procurement has been completed and the contract was awarded to AVC Wise Limited (trading as My Money Matters) on 21 August 2026. The award value is £240,000. The contract period runs from 5 September 2026 to 4 September 2028. The estimated procurement range was £180,000 to £240,000. Cambridgeshire County Council used a direct award procedure, rather than an open competition, under the Portsmouth City Council Salary Sacrifice Shared Cost Framework for additional voluntary contributions. The requirement was assessed as suitable for small and medium-sized enterprises. The procurement had a submission deadline of 13 July 2026, although the award outcome is now recorded and the tender status is complete.

This award confirms demand for a specialist provider able to operate a salary sacrifice shared-cost AVC scheme on a fully managed basis for a local authority. A credible competitor for a future requirement would need the operational capability to administer AVC arrangements reliably, support employees through the relevant pension and contribution processes, and provide accessible financial wellbeing content through an online platform. The successful supplier’s SME status indicates that delivery at this scale is within reach of a focused specialist rather than only a large financial services group. Providers should be able to combine scheme management with clear digital communications and employee-facing resources, while understanding the governance and service expectations of a public-sector employer.

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Notice Information

Notice Title

Salary Sacrifice Shared Cost Additional Voluntary Contributions (AVCs)

Notice Description

This procurement is for the provision of a fully managed salary sacrifice shared cost Additional Voluntary Contribution (AVC) Scheme provider. Our current contract is with My Money Matters (formerly AVC wise and was procured in 2023. We are seeking to replicate the offering provided by My Money Matters under the new contract, which includes provision of the shared cost AVC Scheme as well as provision of a range of financial wellbeing resources via an online platform. Additional information: Portsmouth City Council Salary Sacrifice Shared Cost Framework for additional voluntary contributions (SSAVCs)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-c39363c7-d518-43d4-b3d4-a97d1376008f
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/612d08c7-a529-444a-adeb-6928632bd360
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
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£240,000 £100K-£500K
Lots Value
Not specified
Awards Value
£240,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Sep 20261 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
21 Aug 20263 weeks ago
Contract Period
5 Sep 2026 - 4 Sep 2028 2-3 years
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
Cambridgeshire County Council
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
HUNTINGDON
Postcode
PE28 4YE
Postcode Area
Peterborough
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
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
Huntingdonshire
Electoral Ward
The Stukeleys
Westminster Constituency
Huntingdon

Supplier Information

Number of Suppliers
1
Supplier Name

AVC Wise Limited

Further Information

Notice Documents

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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