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LUV01197 Sole Trustee for PAS

University of Leicester

This public procurement record has 2 releases in its history.

Award

15 Nov 2024 at 10:05

Award Notice
Tender

22 Mar 2024 at 16:05

Tender Notice
Summary of the contracting process

The University of Leicester has completed the procurement process for the "LUV01197 Sole Trustee for PAS" under the services category, specifically focusing on pension services. The awarded contract is for the provision of Sole Trustee and Secretary Services for the University of Leicester Pension Assurance Scheme (PAS). Dalriada Trustees Limited has been selected as the supplier, with the contract valued at £370,000 and officially signed on 11th November 2024. The procurement was conducted via an open procedure, adhering to the legal basis of the 2014 EU Directive 24/EU, with a standstill period applied as per UK regulations.

This tender presents significant opportunities for businesses specialising in pension and financial services, particularly those experienced in managing defined benefit pension schemes. Firms that can offer high-quality advisory services and have expertise in sole trusteeship will find this contract especially relevant for business growth. Small and medium-sized enterprises (SMEs) are particularly well-suited to compete, as demonstrated by the substantial number of SME bids received during the procurement process. Such contracts can help businesses expand their portfolio by securing roles in high-value, long-term engagements with established educational institutions.

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Notice Information

Notice Title

LUV01197 Sole Trustee for PAS

Notice Description

Sole Trustee and Secretary Services for University of Leicester Pension Assurance Scheme (PAS). The University of Leicester is seeking to move to a sole trustee model for its legacy defined benefit pension scheme, the Pension and Assurance Scheme (PAS), during 2024.

Lot Information

Lot 1

Sole Trustee and Secretary Services for University of Leicester Pension Assurance Scheme (PAS). The University of Leicester is seeking to move to a sole trustee model for its legacy defined benefit pension scheme, the Pension and Assurance Scheme (PAS), during 2024. Additional information: N/A

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-044bfe
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/036956-2024
Current Stage
Award
All Stages
Tender, Award

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
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

66522000 - Group pension services

Notice Value(s)

Tender Value
£250,000 £100K-£500K
Lots Value
£250,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£370,000 £100K-£500K

Notice Dates

Publication Date
15 Nov 20241 years ago
Submission Deadline
24 Apr 2024Expired
Future Notice Date
Not specified
Award Date
11 Nov 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
December 2028

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
University of Leicester
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
LEICESTER
Postcode
LE1 7RH
Postcode Area
Leicester
Country
England
Major Region (ITL 1)
TLF East Midlands (England)
Basic Region (ITL 2)
TLF2 Leicestershire, Rutland and Northamptonshire
Small Region (ITL 3)
TLF21 Leicester
Delivery Location
TLF21 Leicester
Local Authority
Leicester
Electoral Ward
Castle
Westminster Constituency
Leicester South

Supplier Information

Number of Suppliers
1
Supplier Name

Dalriada Trustees Limited

Further Information

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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