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Investment Consultancy Advisory Services

Isle of Wight Council

This public procurement record has 1 release in its history.

Award

17 Jul 2026 at 09:40

Award Notice
Summary of the contracting process

The Isle of Wight Council procured investment management consultancy and advisory services for its Local Government Pension Scheme. The requirement concerns pension and investment services, including financial consultancy supporting the management of pension investments. It is a services contract delivered for the council in the South East of England. The procurement relates to Lot 3 of an existing LGPS framework agreement, covering investment management consultancy services. The buyer is the Isle of Wight Council, based at County Hall in Newport. The requirement is therefore relevant to firms providing specialist institutional investment consultancy, pension scheme advice and related financial advisory services to local government or other public-sector pension funds.

The procurement has been awarded and the tender is complete. The council used a direct award through the framework agreement. Hymans Robertson LLP was selected on 16 July 2026 for £540,000 including the expected whole-life value. The contract period runs from 17 July 2026 to 16 July 2029. The stated potential whole-life arrangement could extend to five years in total: an initial three-year term with two possible 12-month extensions. The tender submission deadline was 15 July 2026 at 23:59. The opportunity was assessed as suitable for small and medium-sized enterprises. The award was made for the investment management consultancy services requirement, with the award value and contract period applying to the selected supplier.

This award demonstrates established demand from the Isle of Wight Council for specialist investment management consultancy supporting a local government pension scheme. Firms competing when a comparable requirement returns would need credible expertise in institutional investment advice, pension fund governance and financial consultancy, together with the capacity to support a public-sector client over a multi-year engagement. Experience of LGPS investment structures and the ability to advise on investment management would be directly relevant. The route to market is also important: this requirement was fulfilled through Lot 3 of an LGPS framework using a direct award, so suppliers seeking comparable work should understand relevant framework arrangements and how their services align with defined framework lots. The procurement was identified as suitable for SMEs.

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Notice Information

Notice Title

Investment Consultancy Advisory Services

Notice Description

Local Government Pension Scheme (LGPS) framework agreement for the provision of Investment Management Consultancy Services - Lot 3 (NCCT42289). Direct Award via the framework. Additional information: The value is expected for whole life contract, which could be 5 years in total (initial term of 3 years with possible extension(s) of 2x12m)

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-d9d14d42-c5a0-48ab-a8a1-5585a65444bb
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/060f2627-4bd6-4597-ab75-424f2bcfaebd
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Direct award
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66170000 - Financial consultancy, financial transaction processing and clearing-house services

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£540,000 £500K-£1M
Lots Value
Not specified
Awards Value
£540,000 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
17 Jul 20262 months ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
16 Jul 20262 months ago
Contract Period
17 Jul 2026 - 16 Jul 2029 3-4 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
Isle of Wight 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
NEWPORT
Postcode
PO30 1UD
Postcode Area
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 LLP

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

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