Notice Information
Notice Title
Salary Sacrifice Cost Framework for additional voluntary contributions (SSAVCs)
Notice Description
Portsmouth City Council ('the council') has established a single supplier Framework agreement for the provision of a Salary Sacrifice Additional Voluntary Contribution (AVC) scheme. The Framework will also be open for access by other UK Public Sector Organisations which include UK Public Sector Bodies, including Central Government, Local Authorities, Health, Police, Fire and Rescue, Education and Devolved Administrations. Portsmouth City Council introduced the first Salary Sacrifice Additional Voluntary Contribution (SSAVC) in the UK and currently delivers the service in house. The Authority are now establishing the framework to enable the service to be delivered by an external provider. SSAVCs are currently available to employers with Local Government Pension Scheme (LGPS) and NHS Pension Scheme members (this may be expanded to other organisations at a later date), and it is an employer's decision whether they implement a scheme. The key advantages are that SSAVC members can achieve significant growth figures on their savings whilst at the same time the employer also makes savings. A full list of Authorities able to access the agreement was published in appendix 1 of the tender documents. In setting up the Framework, the Council does not guarantee that any call-offs contracts will be awarded once the Framework is procured, that no form of exclusivity will be created and provides no guarantee of volume of work from either itself of other contracting authorities.
Lot Information
Lot 1
The following is a summary of the requirements, for all information and full details please refer to the Specification given in Schedule 1 of the Framework Terms. The Supplier shall provide a service that includes but is not limited to the following: * Advice and guidance for Salary Sacrifice Additional Voluntary Contributions; * Employee engagement and communication across the workforce; * Integrated payroll reporting; * Automated application and amendment processing; * Seamless processes with investment providers; * Onsite employee presentations; * Interactive employee Webinars promoting all aspects of Financial Wellbeing; * Individual one-to-one sessions for employees to receive guidance from experts; * Provision of a web chat service and telephone helplines to support employees; * Calculators to provide employees with retirement impacts and scenarios * Full compliance with HMRC guidelines and Employment law; * Information Security and Audit Trails Optional Services The following "Optional Services" shall also be made available to Participating Authorities for further information refer to the Specification given in schedule 1 of the Framework Terms: * Standard Additional Voluntary Contributions * Investment Advice * Additional Financial Services
Notice Details
Publication & Lifecycle
- Open Contracting ID
- ocds-h6vhtk-03d31d
- Publication Source
- Find A Tender Service
- Latest Notice
- https://www.find-tender.service.gov.uk/Notice/033430-2023
- Current Stage
- Award
- All Stages
- Tender, Award
Procurement Classification
- Notice Type
- Tender Notice
- Procurement Type
- Framework
- Procurement Category
- Services
- Procurement Method
- Open
- Procurement Method Details
- Open procedure
- Tender Suitability
- Not specified
- Awardee Scale
- SME
Common Procurement Vocabulary (CPV)
- CPV Divisions
-
- CPV Codes
66100000 - Banking and investment services
66500000 - Insurance and pension services
66520000 - Pension services
Notice Value(s)
- Tender Value
- £35,640,000 £10M-£100M
- Lots Value
- £35,640,000 £10M-£100M
- Awards Value
- Not specified
- Contracts Value
- £35,640,000 £10M-£100M
Notice Dates
- Publication Date
- 13 Nov 20232 years ago
- Submission Deadline
- 30 Jun 2023Expired
- Future Notice Date
- Not specified
- Award Date
- 8 Aug 20233 years ago
- Contract Period
- Not specified - Not specified
- Recurrence
- 01/06/2027
Notice Status
- Tender Status
- Complete
- Lots Status
- Cancelled
- Awards Status
- Active
- Contracts Status
- Active
Buyer & Supplier
Contracting Authority (Buyer)
- Main Buyer
- Portsmouth 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
- PORTSMOUTH
- Postcode
- PO1 2AL
- 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)
- TLJ31 Portsmouth
- Delivery Location
- Not specified
-
- Local Authority
- Portsmouth
- Electoral Ward
- Charles Dickens
- Westminster Constituency
- Portsmouth South
Further Information
Notice URLs
Open Contracting Data Standard (OCDS)
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.