This public procurement record has 1 release in its history.

Award

17 Jul 2026 at 08:40

Summary of the contracting process

The Isle of Wight Council has completed the procurement process for the provision of Investment Consultancy Advisory Services under the Local Government Pension Scheme (LGPS) framework. This service falls under the category of insurance and pension services, with additional qualifications in financial consultancy and related services. The procurement was carried out through a direct award method within the South East region of the United Kingdom. The procurement process has reached the 'Award' stage, with a contract value of £540,000. The contract period starts on 17th July 2026 and will run until 16th July 2029, following an initial tender period that ended on 15th July 2026. Hymans Robertson LLP, a large company, has been awarded the contract.

This tender offers considerable opportunities for businesses in the financial consultancy and investment management sectors, including those offering insurance and pension services. It is particularly well-suited to small and medium-sized enterprises, despite the award to a large firm. Companies looking to expand in the South East region, specifically those with expertise in managing pension schemes or financial transactions, may find similar opportunities appealing in upcoming tenders. Through participating in such public procurement frameworks, businesses can enhance their portfolio and gain significant contracts that may aid in regional growth and service diversification.

How relevant is this notice?

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)

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 weeks ago
Submission Deadline
15 Jul 2026Expired
Future Notice Date
Not specified
Award Date
15 Jul 20263 weeks ago
Contract Period
16 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

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
Post Town
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

Further Information

Notice Documents

Notice URLs

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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