Tender

Pension Administration Services

UNIVERSITY OF WALES TRINITY SAINT DAVID

This public procurement record has 1 release in its history.

Tender

24 Feb 2021 at 16:40

Summary of the contracting process

The University of Wales Trinity Saint David (UWTSD) is seeking suppliers for the provision of Pension Administration Services, specifically actuarial, investment consulting, secretarial/consultancy, and administration services for its defined benefit pension schemes. This procurement is classified under the services category, with an estimated contract value of £800,000. The tender process, which is currently active, employs an open procedure and is set to close for submissions on 26 March 2021. The geographical area for this service is the UK, and the complete contract period can extend over five years, with further options for renewal.

This tender presents a lucrative opportunity for businesses specialising in pension fund management and consultancy services, particularly those with experience in handling defined benefit schemes. Companies equipped with expertise in actuarial services, investment consulting, and administrative support for pension schemes will find this contract aligns well with their capabilities. Engaging in this process could significantly enhance business growth for providers in the finance and consultancy sectors, given the essential nature of these services in supporting educational institutions like UWTSD.

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Notice Title

Pension Administration Services

Notice Description

The University of Wales Trinity Saint David (hereinafter referred to as UWTSD, or the University) through its Corporate Trustee Company, UW Pensions Scheme Ltd (hereafter referred to as UWPS or the Trustee) wish to appoint an experienced provider for the provision of actuarial, investment consulting, secretarial/consultancy and administration services to its in-house defined benefit pension schemes the University of Wales Superannuation Scheme and the University of Wales, Lampeter Pension and Assurance Scheme ('the Schemes').

Lot Information

Lot 1

The University of Wales Trinity Saint David (hereinafter referred to as UWTSD, or the University) through its Corporate Trustee Company, UW Pensions Scheme Ltd (hereafter referred to as UWPS or the Trustee) wish to appoint an experienced provider for the provision of actuarial, investment consulting, secretarial/consultancy and administration services to its in-house defined benefit pension schemes the University of Wales Superannuation Scheme and the University of Wales, Lampeter Pension and Assurance Scheme ('the Schemes').

Options: services that may fall outside of the core fee

Renewal: The initial contract period will be for 5 years. With an annual review and with an option to extend for 1 + 1 Years.

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-0295e9
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/003713-2021
Current Stage
Tender
All Stages
Tender

Procurement Classification

Notice Type
Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66131100 - Pension investment services

66141000 - Pension fund management services

66500000 - Insurance and pension services

66520000 - Pension services

66522000 - Group pension services

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£800,000 £500K-£1M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Feb 20214 years ago
Submission Deadline
26 Mar 2021Expired
Future Notice Date
Not specified
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Contracting Authority (Buyer)

Main Buyer
UNIVERSITY OF WALES TRINITY SAINT DAVID
Contact Name
Not specified
Contact Email
heidi.davies@uwtsd.ac.uk
Contact Phone
+44 1267676767

Buyer Location

Locality
CARMARTHEN
Postcode
SA31 3EP
Post Town
Swansea
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL4 Mid and South West Wales
Small Region (ITL 3)
TLL42 South West Wales
Delivery Location
TLL Wales

Local Authority
Carmarthenshire
Electoral Ward
Carmarthen Town West
Westminster Constituency
Caerfyrddin

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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