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Devon Pension Fund Independent Person

Devon County Council

This public procurement record has 2 releases in its history.

Award

28 Aug 2026 at 16:13

UK7 - Contract Details Notice
Award

18 Aug 2026 at 11:39

UK6 - Contract Award Notice
Summary of the contracting process

Devon County Council appointed an independent person for the Devon Pension Fund. The service provides independent advice and support to the Investment and Pension Fund Committee, helping it oversee the administration of pensions, investment and funding arrangements, investment strategy, performance monitoring and risk management. The fund is managed by Devon County Council as administering authority and has more than 270 participating employers and over 100,000 scheme members, including contributors, pensioners and deferred pensioners. The fund’s stated value is £6.8 billion. This is a professional pension and investment advisory service delivered for the Devon Pension Fund in Devon. The procurement’s main category is services, with the relevant classification covering insurance and pension services.

The procurement is complete and has been awarded following a below-threshold limited competition. It comprised one lot. Four bids were received, three reached the final stage, and all three final-stage bids were from small and medium-sized enterprises. Apex Investment Advisers Limited was awarded the contract on 17 August 2026. The contract was signed on 28 August 2026 and runs from 1 October 2026 to 30 September 2029. Its value is £90,000 excluding VAT and £108,000 including VAT. The award was made under a limited procedure; the available outcome data does not state a separate scoring breakdown or evaluation weighting. The contract is active and the award is active.

This requirement demonstrates demand from a county council pension fund for senior independent advice spanning pension administration, investment strategy, funding, performance oversight, governance and risk management. Suppliers suited to a future requirement would need credible expertise across public-sector pension funds and institutional investment, with the independence to advise an investment and pension fund committee rather than manage assets directly. Relevant experience should include interpreting pension regulations, assessing investment performance and funding positions, advising on strategy and risk, and supporting effective governance. The scale of the underlying fund and its broad employer and membership base indicate that advisers must be able to handle complex, high-value institutional arrangements, communicate clearly with committee members and provide impartial, evidence-based recommendations.

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Notice Information

Notice Title

Devon Pension Fund Independent Person

Notice Description

Devon County Council needs to appoint an Independent Person for the Devon Pension Fund. The Devon Pension Fund is PS6.8 billion fund, with over 270 employers paying into the fund and over 100,000 members of the Pension Scheme (contributors, pensioners and deferred pensioners). The fund is managed by Devon County Council, who act as the administering authority, in accordance with regulations approved by Parliament. The Independent Person will provide independent advice and support to the Investment and Pension Fund Committee to enable them to provide effective governance and management of the Fund's administration of pensions, and the Fund's investments and funding, including investment strategy, performance monitoring and effective risk management.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-h6vhtk-06e66b
Publication Source
Find A Tender Service
Latest Notice
https://www.find-tender.service.gov.uk/Notice/082337-2026
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
UK7 - Contract Details Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Below threshold - limited competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£90,000 Under £100K
Contracts Value
£90,000 Under £100K

Notice Dates

Publication Date
28 Aug 20266 days ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
17 Aug 20262 weeks ago
Contract Period
1 Oct 2026 - 30 Sep 2029 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
Devon 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
EXETER
Postcode
EX2 4QD
Postcode Area
Exeter
Country
England
Major Region (ITL 1)
TLK South West (England)
Basic Region (ITL 2)
TLK4 Devon
Small Region (ITL 3)
TLK43 Devon CC
Delivery Location
Not specified
Local Authority
Exeter
Electoral Ward
Newtown and St Leonard's
Westminster Constituency
Exeter

Supplier Information

Number of Suppliers
1
Supplier Name

MJ Hudson Investment Advisers Ltd

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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