Award

Contract Award for the Pension Consultancy Service for the British Embassy The Hague

FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE

This public procurement record has 1 release in its history.

Award

04 Aug 2022 at 12:29

Summary of the contracting process

The Foreign Commonwealth and Development Office has awarded a contract for Pension Consultancy Services to Bell Pension Consultants & Actuaries. This procurement process, conducted via an open procedure, focused on securing expert advice on local staff pension matters, estimating pension costs, and maintaining compliance with pension legislation. The contract commenced on 14th July 2022 and runs until 30th June 2025, with a value of £72,156. The procurement, categorised under CPV code 66523000 for pension fund consultancy services, involved service delivery across various locations, including the United Kingdom and British Overseas Territories.

This contract presents significant opportunities for businesses specialising in pension consultancy, particularly those that can offer comprehensive services such as pension cost estimation, legislative compliance support, and advisory communications to staff. Smaller enterprises and SMEs with experience in pension management and consultancy would be well-suited to compete in similar future tenders due to their ability to provide tailored services that meet the nuanced needs of organisations like the Foreign Commonwealth and Development Office.

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Notice Title

Contract Award for the Pension Consultancy Service for the British Embassy The Hague

Notice Description

The objective of the procurement is to find a Pension Consultancy Service provider that is expected to deliver value for money and to offer high quality of services. The main features of services required: - assistance and advice on local staff pension matters; - estimating pension costs for the FY; - presentations in English to all local staff on the changes to pension legislation; - liaising with the pension provider and carrying out monthly checks; - supporting with the pension tender every 3-5 years; - creating excel sheets for local staff incorporating salary, social security, employer and employee pension costs; - a Pension calculator; - a yearly overview of the pension situation in the Netherlands and updates when applicable on changes to pension legislation in English. Changes affecting local staff should be presented via a presentation to local staff; - calculation of pay uplift scenarios; - other consultations related to the pension actuary services. The contract duration is three years thereafter with optional extension of another two years (option to renew annually).

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-f52a965c-ab58-4adb-b0fe-31758846015e
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/b08331e2-5d9a-4c23-b867-d6872aedc546
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 (below threshold)
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£72,156 Under £100K
Lots Value
Not specified
Awards Value
£72,156 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
4 Aug 20223 years ago
Submission Deadline
18 Feb 2022Expired
Future Notice Date
Not specified
Award Date
13 Jul 20223 years ago
Contract Period
13 Jul 2022 - 30 Jun 2025 2-3 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
FOREIGN COMMONWEALTH AND DEVELOPMENT OFFICE
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LONDON
Postcode
SW1A 2AN
Post Town
South West London
Country
England

Major Region (ITL 1)
TLI London
Basic Region (ITL 2)
TLI3 Inner London - West
Small Region (ITL 3)
TLI35 Westminster and City of London
Delivery Location
Not specified

Local Authority
Westminster
Electoral Ward
St James's
Westminster Constituency
Cities of London and Westminster

Supplier Information

Number of Suppliers
1
Supplier Name

BELL PENSION CONSULTANTS & ACTUARIES

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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