Award

SYPA - Appointment of Independent Financial Adviser

SOUTH YORKSHIRE PENSIONS AUTHORITY

This public procurement record has 1 release in its history.

Award

06 Dec 2024 at 15:08

Award Notice
Summary of the contracting process

South Yorkshire Pensions Authority (SYPA) has concluded the procurement process for appointing an Independent Financial Adviser to oversee the South Yorkshire Pension Fund, valued at over £11bn. This tender falls under the Financial and insurance services industry category (CPV 66000000), with specific focus on Pension investment services (CPV 66131100). The process began with an open procedure and is now at the award stage. The procurement period started on 1st October 2024 and will extend until 30th September 2034. The final contract value is £280,000, and the selected independent adviser is Jonathan Hunt.

This tender presents significant business opportunities, particularly for firms specialising in pension investment advisory services. The open procurement method ensured a competitive and transparent process, providing a robust chance for qualified small and medium-sized enterprises (SMEs) to participate. Businesses with a solid track record in financial advisory services would find this contract lucrative, given the substantial monetary value and the long-term engagement with SYPA, a reputable public body. The contract, covering diverse geographical locations from the UK to other international regions, offers potential for expanding business footprints.

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Notice Information

Notice Title

SYPA - Appointment of Independent Financial Adviser

Notice Description

South Yorkshire Pensions Authority is the public body responsible for the stewardship of the PS11bn+ South Yorkshire Pension Fund which is part of the Local Government Pension Scheme. The Authority is now seeking to appoint an independent investment adviser to the Authority to take up the role with effect from December 2024.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-cb646ad9-d3ac-48e2-a431-e68178c3d30d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/f24130f7-5a36-4452-991e-4e7cb9951507
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
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

66131100 - Pension investment services

Notice Value(s)

Tender Value
£280,000 £100K-£500K
Lots Value
Not specified
Awards Value
£280,000 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Dec 20241 years ago
Submission Deadline
23 Sep 2024Expired
Future Notice Date
Not specified
Award Date
17 Oct 20241 years ago
Contract Period
30 Sep 2024 - 30 Sep 2034 Over 5 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
SOUTH YORKSHIRE PENSIONS AUTHORITY
Contact Name
Annie Palmer
Contact Email
apalmer@sypa.org.uk
Contact Phone
01226666404

Buyer Location

Locality
BARNSLEY, SOUTH YORKSHIRE
Postcode
S71 1HG
Post Town
Sheffield
Country
England
Major Region (ITL 1)
TLE Yorkshire and The Humber
Basic Region (ITL 2)
TLE3 South Yorkshire
Small Region (ITL 3)
TLE33 Barnsley
Delivery Location
Not specified
Local Authority
Barnsley
Electoral Ward
Central
Westminster Constituency
Barnsley North

Supplier Information

Number of Suppliers
1
Supplier Name

JONATHAN HUNT

Further Information

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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