Award

CPU 8044 Shared Cost Additional Voluntary Contributions (SCAVC) Scheme

NOTTINGHAM CITY COUNCIL

This public procurement record has 1 release in its history.

Award

06 Jan 2026 at 13:33

Summary of the contracting process

The procurement process, initiated as a tender, has been completed with Nottingham City Council as the buying organisation. The contract titled "CPU 8044 Shared Cost Additional Voluntary Contributions (SCAVC) Scheme" falls under the pension investment services category. The procurement targeted the East Midlands in the United Kingdom, and the award stage concluded on 17th December 2025. The contract spans from 5th January 2026 to 4th January 2029 with a total value of £63,000, using a selective procurement method via a call-off from a framework agreement.

This procurement presents growth opportunities for businesses specialising in pension services, particularly those structured as small or medium-sized enterprises (SMEs), as the scheme accommodates SME suitability. The nature of the tender suggests potential for collaborations that provide long-term pension savings solutions tailored for Local Government Pension Scheme members. Companies like MyMoneyMatters, which successfully secured this contract as a supplier, highlight the prospects for SMEs adept in pension and benefit services to penetrate this sector.

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Notice Title

CPU 8044 Shared Cost Additional Voluntary Contributions (SCAVC) Scheme

Notice Description

LGPS members are currently permitted to contribute to a standard AVC scheme and receive Income Tax relief on their contributions. AVCs are a long-term pension savings plan that runs alongside the main LGPS scheme and allows members to build up a 100% tax free capital sum. On retirement, they can access the benefits through a range of options including the ability to receive the lump sum in most cases.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d14ff209-d6b5-4c1e-b3ed-23804493a541
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/97f26ce2-2bd6-4992-b398-7cc72672d6a4
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Selective
Procurement Method Details
Call-off from a framework agreement
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

75 - Administration, defence and social security services


CPV Codes

66131100 - Pension investment services

66520000 - Pension services

75310000 - Benefit services

Notice Value(s)

Tender Value
£63,000 Under £100K
Lots Value
Not specified
Awards Value
£63,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
6 Jan 20261 months ago
Submission Deadline
17 Dec 2025Expired
Future Notice Date
Not specified
Award Date
17 Dec 20252 months ago
Contract Period
5 Jan 2026 - 4 Jan 2029 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
NOTTINGHAM CITY 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
NOTTINGHAM
Postcode
NG2 3NG
Post Town
Nottingham
Country
England

Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF1 Derbyshire and Nottinghamshire
Small Region (ITL 3)
TLF14 Nottingham
Delivery Location
TLF East Midlands (England)

Local Authority
Nottingham
Electoral Ward
Castle
Westminster Constituency
Nottingham East

Supplier Information

Number of Suppliers
1
Supplier Name

MYMONEYMATTERS

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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