Award

Tender for the provision of Pension Advisory Services

S4C

This public procurement record has 2 releases in its history.

Award

17 Apr 2024 at 16:51

S2W Notice - Website Contract Award Notice
Tender

09 Feb 2024 at 11:55

S2W Notice - Website Invitation to Tender Notice
Summary of the contracting process

S4C is seeking to appoint a provider for Pension Advisory Services, with the procurement period ending on 1st March 2024. The services involve various aspects of pension management, including advising on pension options, conducting site visits, and compliance with legislative provisions. The tender is targeted at providers experienced in offering pension advisory services.

This opportunity for business growth is ideal for companies specialising in pension investment services, fund management, and consultancy. The procurement process, initiated by S4C, is currently in the tender stage, aiming to award the contract by 11th March 2024. Potential bidders should have a track record of delivering pension services and must comply with S4C's eligibility criteria outlined in the tender documents.

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Notice Information

Notice Title

Tender for the provision of Pension Advisory Services

Notice Description

S4C is looking to appoint a provider of pension services from 5 April 2024 to provide the services described below across its three locations (the "Services"):2.2.1. providing the interface between S4C/its employees and the group scheme and its provider from time to time;2.2.2. dealing with group scheme administration, such as enrolling new members in the group scheme where required by S4C and providing them with scheme documentation and processing changes in members' personal details or instructions;2.2.3. advising new Employees of S4C on their pension options and processing any pension switches or transfers;2.2.4. providing investment advice to S4C Employee members on their choice of funds within the group scheme and processing any fund switches;2.2.5. providing individual reviews as required, such as existing fund review reports, retirement options reports and lifetime allowance reports;2.2.6. advising and assisting S4C Employee members on their pension options when leaving S4C and processing their options where applicable;2.2.7. advising and assisting S4C Employee members in connection with their retirement from S4C, including advising on the drawing of benefits and processing the payment of benefits;2.2.8. providing general pension regulatory updates to S4C Employees on matters which may affect them;2.2.9. alerting S4C to any pension regulatory changes which may affect it, advising on their implications and assisting with implementing any changes which may be required;2.2.10. ensuring that any group scheme documentation issued to S4C Employees are updated and remain compliant with tax and legislative provisions;2.2.11. assisting S4C Employee members with miscellaneous pension enquiries and assisting in resolving any pension-related problems;2.2.12. assisting S4C with compliance with the auto-enrolment requirements; and2.2.13. from time to time, reviewing and benchmarking the provider of S4C's group scheme, making recommendations to S4C and assisting with implementing any change of provider.Any reference to 'advice' or 'advising' in the services above refers to making formal specific recommendations to a member, which would constitute FCA regulated advice.The Services will include attending site visits at all S4C's offices from time to time, including its offices in Cardiff, Carmarthen and Caernarfon, and conducting one-to-one meetings with S4C Employee members, as well as providing general S4C Employee presentations where appropriate. Written material will include individual written reports as well as issuing standard scheme packs to S4C Employee members. The Services will also include attending meetings with S4C personnel responsible for S4C's pension matters.The successful provider is not expected to advise S4C Employees in relation to the DB Scheme, but a working knowledge of members' entitlement under the DB Scheme may be required in order to provide holistic advice to S4C Employee members on their pension situation. For the avoidance of doubt, the successful provider will not be required to provide advice in respect of transfers from the DB Scheme.The successful provider will be required to advise those retiring or leaving S4C on their pension options and on the claiming of benefits, but otherwise will not be expected to advise any members who are no longer employed by S4C.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-138921
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=138921
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
S2W Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66131100 - Pension investment services

66141000 - Pension fund management services

66520000 - Pension services

66522000 - Group pension services

66523000 - Pension fund consultancy services

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
17 Apr 20241 years ago
Submission Deadline
1 Mar 2024Expired
Future Notice Date
Not specified
Award Date
11 Mar 20241 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
S4C
Contact Name
Elin Morris
Contact Email
Not specified
Contact Phone
+44 3305880402

Buyer Location

Locality
CAERFYRDDIN
Postcode
SA31 3EQ
Post Town
Swansea
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 West
Westminster Constituency
Caerfyrddin

Supplier Information

Number of Suppliers
1
Supplier Name

BURLEY FOX

Further Information

Notice URLs

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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