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Independent Member / Chair of the Dyfed Pension Fund and/or Powys Pension Fund

Powys County Council

This public procurement record has 2 releases in its history.

Tender

24 Jul 2026 at 15:09

UK4 - Tender Notice
Planning

09 Jun 2026 at 09:49

UK3 - Planned Procurement Notice
Summary of the contracting process

Carmarthenshire County Council and Powys County Council are seeking independent Members or Chairs for their separate Pension Boards. The appointments concern the Dyfed Pension Fund, administered by Carmarthenshire County Council, and the Powys Pension Fund, administered by Powys County Council. This is a professional pension and public-sector governance service, covering independent oversight and representation for local government employee pension schemes. Work will be delivered in Carmarthenshire and Powys, in South-West and Mid Wales. The procurement is divided into two separate opportunities: one for the Dyfed Pension Fund and one for the Powys Pension Fund. Suppliers may therefore be relevant if they can provide suitably independent pension board leadership or membership services to either council.

The councils invited offers through a below-threshold open competition. The enquiry deadline was 24 August 2026 at 12:00, and tenders were due by 31 August 2026 at 12:00. Both lots were expected to start on 1 October 2026. The Carmarthenshire lot was valued at £75,000 excluding VAT (£90,000 including VAT) for an initial period ending 30 September 2029, with an option to extend by up to two years, potentially to 30 September 2031. The Powys lot was valued at £60,000 excluding VAT (£80,000 including VAT), with a contract period ending 30 September 2030. Each lot is suitable for SMEs. Awards are based on the Most Advantageous Tender: 70% technical and quality, and 30% cost and price.

This opportunity suits independent pension professionals, pension governance specialists and experienced chairs or board members able to provide oversight for local government pension funds. Relevant suppliers should be comfortable operating independently for a public-sector administering authority and representing stakeholder interests within a Pension Board. The requirement covers two distinct council funds, so organisations with experience across pension investment, fund management, insurance and pension services, government employee pension schemes, business and management consultancy, or stakeholder representation may be well placed to compete. Both lots are identified as suitable for SMEs, making the opportunity accessible to smaller specialist practices as well as larger consultancies. Bids will need to demonstrate stronger technical and quality merit than competitors, alongside competitive pricing.

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Notice Information

Notice Title

Independent Member / Chair of the Dyfed Pension Fund and/or Powys Pension Fund

Notice Description

Carmarthenshire County Council and Powys County Council (the 'Councils') are unitary local authorities in South-West/Mid Wales and as the administering authorities of the Dyfed Pension Fund and Powys Pension Fund respectively, are both seeking an Independent Member / Chair for their separate Pension Boards.

Lot Information

Carmarthenshire County Council

Independent Member / Chair of the Dyfed Pension Fund

Renewal: The contract will be let for an initial period of three (3) years, with the option to extend for a further period of up to two (2) years. Any extension will be at the sole discretion of the Contracting Authority and will be subject to: -satisfactory performance, including achievement of agreed KPIs; -continued availability of funding and approval; -the ongoing requirement for the services; and -no material changes to the scope or value that would require a new procurement exercise. The Contracting Authority may exercise the extension in whole or in part (e.g. in annual increments), by providing written notice to the contractor in advance of the contract expiry date.

Powys County Council

Independent Member / Chair of the Powys Pension Fund

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06b076
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/070394-2026
Current Stage
Tender
All Stages
Planning, Tender

Procurement Classification

Notice Type
UK4 - Tender Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Below threshold - open competition
Tender Suitability
SME
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

75 - Administration, defence and social security services

79 - Business services: law, marketing, consulting, recruitment, printing and security

CPV Codes

66131100 - Pension investment services

66141000 - Pension fund management services

66500000 - Insurance and pension services

75110000 - General public services

75320000 - Government employee pension schemes

79112100 - Stakeholders representation services

79400000 - Business and management consultancy and related services

Notice Value(s)

Tender Value
£135,000 £100K-£500K
Lots Value
£135,000 £100K-£500K
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
24 Jul 20262 months ago
Submission Deadline
31 Aug 2026Expired
Future Notice Date
1 Jul 2026Expired
Award Date
Not specified
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Active
Lots Status
Active
Awards Status
Not Specified
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Powys County Council
Additional Buyers

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
LLANDRINDOD WELLS
Postcode
LD1 5LG
Postcode Area
Llandrindod Wells
Country
Wales
Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL4 Mid and South West Wales
Small Region (ITL 3)
TLL41 Mid Wales
Delivery Location
TLL14 South West Wales, TLL24 Powys
Local Authority
Powys
Electoral Ward
Llandrindod South
Westminster Constituency
Brecon, Radnor and Cwm Tawe

Further Information

Notice Documents

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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