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Dyfed Pension Fund Independent Investment Adviser

Carmarthenshire County Council

This public procurement record has 3 releases in its history.

Award

28 Jan 2026 at 11:16

UK7 - Contract Details Notice
Tender

16 Apr 2025 at 10:46

UK4 - Tender Notice
Planning

20 Mar 2025 at 14:19

UK3 - Planned Procurement Notice
Summary of the contracting process

Carmarthenshire County Council, a sub-central government public authority situated in Wales, has recently completed the procurement process for the role of Dyfed Pension Fund Independent Investment Adviser. The contract was awarded to Apex Investment Advisers Limited, a London-based SME, following an open procedure under UK devolved regulations. This engagement falls under the financial and insurance services category, targeting the region of Carmarthenshire (UKL14). The contract initiation began on 1st October 2025, lasting until 30th September 2028, with possibilities for a 24-month extension. The procurement process employed an open method, classified as a below-threshold open competition.

The opportunity with the Dyfed Pension Fund focuses on strategic financial advice, opening avenues for businesses specialising in financial consultancy, particularly those proficient in pension fund management. SMEs with expertise in delivering high-quality investment advisory services can leverage this contract to enhance their portfolio and market presence. The criteria for selection were strongly weighted towards quality (70%) over cost (30%), indicating an emphasis on the supplier’s capability to provide nuanced and informed guidance. This procurement represents a growth opportunity for businesses that can offer adept financial services and adjust to the nuances of governmental protocols and objectives in pension fund advisory roles.

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Notice Information

Notice Title

Dyfed Pension Fund Independent Investment Adviser

Notice Description

THIS IS NOT A TENDERING OPPORTUNITY. Carmarthenshire County Council, as the administering authority for the Dyfed Pension Fund, has renewed the contract of the Independent Investment Adviser.

Lot Information

Lot 1

Renewal: There is an option to extend by up to 24 months

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-04efbb
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/007497-2026
Current Stage
Award
All Stages
Planning, Tender, Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
£150,000 £100K-£500K
Awards Value
Not specified
Contracts Value
£150,000 £100K-£500K

Notice Dates

Publication Date
28 Jan 20267 months ago
Submission Deadline
16 May 2025Expired
Future Notice Date
15 Apr 2025Expired
Award Date
1 Oct 202511 months ago
Contract Period
1 Oct 2025 - 30 Sep 2028 3-4 years
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Carmarthenshire County 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
CARMARTHEN
Postcode
SA31 1JP
Postcode Area
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
TLL14 South West Wales
Local Authority
Carmarthenshire
Electoral Ward
Carmarthen Town North and South
Westminster Constituency
Caerfyrddin

Supplier Information

Number of Suppliers
1
Supplier Name

Apex Investment Advisers Limited

Further Information

Notice Documents

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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