Planning

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

POWYS COUNTY COUNCIL

This public procurement record has 1 release in its history.

Planning

09 Jun 2026 at 08:49

Summary of the contracting process

The procurement process, initiated by Powys County Council, is currently in the planning stage for hiring an Independent Member or Chair for the Dyfed Pension Fund and Powys Pension Fund. The tender targets industry sectors related to pension investment, pension fund management, and business management consultancy, reflecting a broader category of public and insurance services. This planned procurement, classified under Welsh devolved regulations, involves an open competition method and is endorsed by Carmarthenshire County Council. Key deadlines include an enquiry period ending on 10th July 2026, and a tender submission deadline set for 17th August 2026. The contracts, valued cumulatively at £162,000, are expected to commence at the end of September 2026, with potential extensions, creating stable long-term engagements.

This tender represents a significant opportunity for businesses within the pension and insurance services industry, particularly those offering consultancy and management expertise. Small and medium-sized enterprises (SMEs) are encouraged to participate, indicating accessible competition criteria for various business scopes. Firms specialising in government employee pension schemes and public services could particularly benefit from this tender. The contracts, designed around achieving 'Most Advantageous Tender' criteria, heavily weigh technical quality over cost, at a ratio of 70% to 30%. This indicates an emphasis on expertise and quality service delivery, paving the way for potential market growth and sustained partnerships within the Welsh public service sector.

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How relevant is this notice?

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

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06b076
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/054086-2026
Current Stage
Planning
All Stages
Planning

Procurement Classification

Notice Type
UK3 - Planned Procurement 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
9 Jun 20262 days ago
Submission Deadline
17 Aug 20263 months to go
Future Notice Date
1 Jul 20263 weeks to go
Award Date
Not specified
Contract Period
29 Sep 2026 - 29 Sep 2030 4-5 years
Recurrence
Not specified

Notice Status

Tender Status
Planned
Lots Status
Planned
Awards Status
Not Specified
Contracts Status
Not Specified

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
Post Town
Llandrindod Wells
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
Not specified

Local Authority
Carmarthenshire
Electoral Ward
Carmarthen Town North and South
Westminster Constituency
Caerfyrddin

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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