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Investment Pooling Advice

ISLE OF WIGHT COUNCIL

This public procurement record has 1 release in its history.

Award

01 Jul 2026 at 11:49

UK7 - Contract Details Notice
Summary of the contracting process

The Isle of Wight Council has awarded a contract for "Investment Pooling Advice" within the business services sector, particularly focused on legal aspects of pension fund investments. The contract was awarded under a direct procurement method, characterised as below threshold and without competition, indicating a tailored approach given the urgent and specialised legal requirements. The procurement process progressed through the award and contract stages, with the contract starting on 1st July 2026 and expected to conclude by 14th September 2026, with a possible extension until 14th October 2026. This process engages parties in Newport, Isle of Wight, aligning with the needs of sub-central governmental operations in the UKJ34 region.

This tender presents significant growth opportunities for businesses offering specialised legal consulting services, particularly those adept in handling complex legal issues in public sector procurement and investment disputes. Companies like "Keystone Law," which have existing expertise and capacity to manage intricate cases involving governmental bodies, would find this contract beneficial due to its specialised nature and requirement for continuity. Firms proficient in providing strategic advice for public-private investment collaborations and possessing experience in legal compliance within public authority frameworks are well-positioned to leverage similar opportunities for growth and influence in the public sector landscape.

How relevant is this notice?

Notice Information

Notice Title

Investment Pooling Advice

Notice Description

Legal advice needed urgently on the 2026 Pension Bill and requirement to pool pension fund investments, via a pool company, with other pension funds. We are in dispute with the investment pool company we wish to join over the status of our participation (shareholder or client only status). We have reached a critical point with KC advice needed but will be in breach of the law on 30 June 2026. The case is complex and we need to retain the lawyer who has worked on this for several months with us whilst she moves law firms (from Gowling to Keystone) on 1 July. This is essential to support the pension committee in critical decisions and reduce risk to the pension fund from its breach of the law and provide a link to KC advice. It will also need to go back to at least the Policy and Finance Committee for a final decision to join the company - and legal input is likely to be crucial to that decision.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06c12e
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/061695-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Direct
Procurement Method Details
Below threshold - without competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

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

CPV Codes

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£30,000 Under £100K

Notice Dates

Publication Date
1 Jul 20262 weeks ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
30 Jun 20262 weeks ago
Contract Period
30 Jun 2026 - 14 Sep 2026 1-6 months
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
ISLE OF WIGHT 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
NEWPORT
Postcode
PO30 1UD
Post Town
Portsmouth
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ3 Hampshire and Isle of Wight
Small Region (ITL 3)
TLJ34 Isle of Wight
Delivery Location
Not specified
Local Authority
Isle of Wight
Electoral Ward
Newport Central
Westminster Constituency
Isle of Wight West

Supplier Information

Number of Suppliers
1
Supplier Name

KEYSTONE LAW

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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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