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A Multi Provider Framework Agreement for the Provision of Transition Management Services Primarily in Support of the Local Government Pension Scheme

NORFOLK COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

11 Mar 2025 at 15:34

Award Notice
Tender

10 Oct 2024 at 15:09

Tender Notice
Summary of the contracting process

Norfolk County Council has completed the procurement process for a Multi Provider Framework Agreement aimed at providing Transition Management Services primarily in support of the Local Government Pension Scheme. This framework is set within the pension services industry category and covers various UK regions. The procurement was conducted through an open procedure, with significant involvement from regional authorities such as the City of Bradford Metropolitan District Council, City of Wolverhampton Council, LGPS Central Limited, and others. Contracts were signed on 10 February 2025, with an estimated value of £15,000,000. The services include Transition Management and Implementation Services and Transition Management Advisory Services, with key suppliers like BlackRock Investment Management (UK) Ltd, Macquarie Capital (Europe) Limited, and Mercer Ltd being awarded contracts.

This tender represents a substantial opportunity for firms specialised in pension and investment services to expand their business. Suitable candidates include large investment management firms and advisory companies, given the scope and financial scale of the framework. The structured nature of services demanded, such as implementation and advisory management, offers a platform for firms to demonstrate their expertise and win significant contracts within the public pension sector. Businesses with capabilities in providing high-quality, competitive pension services would be best positioned to benefit from such framework agreements.

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Notice Information

Notice Title

A Multi Provider Framework Agreement for the Provision of Transition Management Services Primarily in Support of the Local Government Pension Scheme

Notice Description

In addition to Norfolk County Council, the Founder Authorities listed in this Contract Notice have established a multi-provider Framework Agreement for Transition Management Services to be available to all LGPS Funds and other bodies as listed in the Contract Notice.

Lot Information

Transition Management and Implementation Services

To provide a wide range of services in relation to Transition and Implementation Services.

Transition Management Advisory Services

To provide a wide range of services in relation to Transition Management Advisory Services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04a7a9
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/008789-2025
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
Large, SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66131100 - Pension investment services

66520000 - Pension services

Notice Value(s)

Tender Value
£15,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£15,000,000 £10M-£100M

Notice Dates

Publication Date
11 Mar 20251 years ago
Submission Deadline
18 Nov 2024Expired
Future Notice Date
Not specified
Award Date
10 Feb 20251 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

City of Bradford Metropolitan District Council (As Administering Authority of the West Yorkshire Pension Fund)

City of Bradford Metropolitan District Council (As Administering Authority of the West Yorkshire Pension Fund),

City of Wolverhampton Council (As Administering Authority of the West Midlands Pension Fund)

LGPS Central Limited

Staffordshire County Council (As Administering Authority of the Staffordshire Pension Fund)

West Sussex County Council (As administering authority of the West Sussex Pension Fund)

Wirral Council (As Administering Authority for Merseyside 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
BRADFORD
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
6
Supplier Names

BlackRock Investment Management (UK) Ltd

Hymans Robertson LLP

Macquarie Capital (Europe) Limited

Mercer Ltd

Russell Investments Implementation Services Limited

The Northern Trust 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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