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A Multi-Provider Framework Agreement for the Provision of Additional Voluntary Contribution Services and Consultancy Services Associated with Additional Voluntary Contributions Primarily in Support of the Local Government Pension Scheme (LGPS)

NORFOLK COUNTY COUNCIL

This public procurement record has 4 releases in its history.

AwardUpdate

05 Aug 2024 at 08:14

Award Notice
Award

01 Aug 2024 at 10:10

Award Notice
Tender

23 Nov 2023 at 14:42

Tender Notice
Planning

12 Jul 2023 at 13:05

Planning Notice
Summary of the contracting process

Norfolk County Council has initiated a Multi-Provider Framework Agreement to offer Additional Voluntary Contribution (AVC) Services and Consultancy Services related to AVC primarily supporting the Local Government Pension Scheme (LGPS). This procurement falls under the 'Pension Services' category and involves the participation of other regional authorities, including Cheshire West and Chester Council, Dumfries and Galloway Council, Glasgow City Council, and Leicestershire County Council. The contract, currently in the 'Tender' stage, commenced with a submission period ending on 8 January 2024 and has proceeded to the award phase. Two primary lots are involved: Lot 1 for providing AVC services, and Lot 2 for related consultancy services, each with a contract duration of up to 1440 days. This process uses an open procedure covered by the GPA (Government Procurement Agreement), ensuring broad accessibility and transparency.

This tender opens significant business opportunities for firms specialising in pension services and consultancy, particularly those with expertise in managing and advising on AVCs. Companies with experience in public sector pensions, regulatory responsibilities, and multi-employer schemes are well-positioned to compete. Large-scale pension consortia, financial advisory firms, and consultancies offering comprehensive pension-related services can leverage this tender to expand their market presence, enhance collaborative efforts with local authorities, and support the effective administration of LGPS across multiple regions in the UK.

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Notice Information

Notice Title

A Multi-Provider Framework Agreement for the Provision of Additional Voluntary Contribution Services and Consultancy Services Associated with Additional Voluntary Contributions Primarily in Support of the Local Government Pension Scheme (LGPS)

Notice Description

Norfolk County Council (as Administering Authority for the Norfolk Pension Fund), on its own behalf and on behalf of Cheshire West and Chester Council (as Administering Authority of the Cheshire Pension Fund, Dumfries and Galloway Council (as Administering Authority of the Dumfries and Galloway Pension Fund), Glasgow City Council (as Administering Authority of the Strathclyde Pension Fund) and Leicestershire County Council (as Administering Authority of Leicestershire Pension Fund) sought to let a multi-lot, multi-provider framework agreement for the provision of Additional Voluntary Contribution Services and Consultancy Services Associated with Additional Voluntary Contributions primarily in support of the Local Government Pension Scheme (LGPS).

Lot Information

Additional Voluntary Contribution Services

The LGPS has a regulatory responsibility to offer an AVC facility for its scheme members. Each fund administers the LGPS for significant numbers of employers and multiple payroll providers. This lot is provides a replacement or an additional AVC facility for LGPS funds .

Consultancy Services associated with Additional Voluntary Contributions

To provide a wide range of advisory services in relation to Additional Voluntary Contribution Services.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-03e120
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/024415-2024
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
Planning Notice
Procurement Type
Framework
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£3,000,001 £1M-£10M

Notice Dates

Publication Date
5 Aug 20242 years ago
Submission Deadline
8 Jan 2024Expired
Future Notice Date
6 Nov 2023Expired
Award Date
1 May 20242 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Cancelled
Awards Status
Active
Contracts Status
Active

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
NORFOLK COUNTY COUNCIL
Additional Buyers

Cheshire West and Chester Council (as Administering Authority of the Cheshire Pension Fund)

Dumfries and Galloway Council (as Administering Authority of the Dumfries and Galloway Pension Fund)

Glasgow City Council (as Administering Authority of the Strathclyde Pension Fund)

Leicestershire County Council (as Administering Authority of Leicestershire Pension Fund)

Norfolk County Council (as Administering Authority for Norfolk Pension Fund)

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
DUMFRIES
Postcode
NR1 2DH
Postcode Area
Norwich
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH5 Norfolk
Small Region (ITL 3)
TLH51 Norwich and East Norfolk
Delivery Location
Not specified
Local Authority
Norwich
Electoral Ward
Lakenham
Westminster Constituency
Norwich South

Supplier Information

Number of Suppliers
7
Supplier Names

Aon Investments Ltd

Barnett Waddingham LLP

Hymans Robertson LLP

Lane, Clark & Peacock LLP

Legal & General Assurance Society

Mercer Ltd

Prudential Assurance Company

Further Information

Open Contracting Data Standard (OCDS)

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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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