Award

Additional Voluntary Contribution Scheme

SOUTH TYNESIDE BOROUGH COUNCIL

This public procurement record has 1 release in its history.

Award

03 Feb 2026 at 14:03

Summary of the contracting process

The procurement process conducted by South Tyneside Borough Council for the "Additional Voluntary Contribution Scheme" falls under the services category, specifically focusing on pension investment services. The procurement method was limited, executed through an award procedure without prior publication, as it falls outside the usual scope of a directive. The location for this procurement is the UKC region, with a contract awarded to AVC Wise Limited (Trading as My Money Matters) on 15th December 2025. The procurement is now complete and active, with the contract valued at £3,347,110. The project is related to a salary sacrifice scheme for additional voluntary contributions and was directly called off from a Portsmouth Council Framework.

This tender presents significant opportunities for businesses specialising in financial services and pension management, particularly those familiar with salary sacrifice schemes and public sector frameworks. Large-scale companies like AVC Wise Limited, which can offer comprehensive and tailored pension investment services, would be well-suited to compete in such procurement processes. Businesses looking to expand their portfolio in managing public sector employee benefits or those possessing the capacity to deliver large-scale financial services effectively would find this contract beneficial for growth. Given the specialised nature of the procurement, firms with expertise in direct-award processes would find it advantageous.

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Notice Title

Additional Voluntary Contribution Scheme

Notice Description

salary sacrifice scheme for additional voluntary contributions.

Procurement Information

Direct Call off from Portsmouth Council Salary sacrifice additional voluntary contributions Framework

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06156c
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/009479-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66131100 - Pension investment services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£3,347,110 £1M-£10M

Notice Dates

Publication Date
3 Feb 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
15 Dec 20252 months ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SOUTH TYNESIDE BOROUGH COUNCIL
Contact Name
Shona Mac Daid
Contact Email
strategic.procurement@southtyneside.gov.uk
Contact Phone
Not specified

Buyer Location

Locality
SOUTH SHIELDS
Postcode
NE33 2RL
Post Town
Newcastle upon Tyne
Country
England

Major Region (ITL 1)
TLC North East (England)
Basic Region (ITL 2)
TLC4 Northumberland, Durham and Tyne & Wear
Small Region (ITL 3)
TLC43 Tyneside
Delivery Location
TLC North East (England)

Local Authority
South Tyneside
Electoral Ward
Beacon and Bents
Westminster Constituency
South Shields

Supplier Information

Number of Suppliers
1
Supplier Name

AVC WISE LIMITED (T/A MY MONEY MATTERS

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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