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Pensions - Administration and Actuarial Services

Scottish Enterprise

This public procurement record has 2 releases in its history.

Award

29 Sep 2017 at 01:00

OJEU - F3 - Contract Award Notice
Tender

13 Jan 2017 at 00:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The Scottish Enterprise is seeking providers for "Pensions - Administration and Actuarial Services" as part of an open tender process that is currently active. This procurement, categorised under services, will be conducted to appoint a single supplier for the delivery of actuarial, administration, and benefits services from 1st April 2017 to 31st March 2020, with a potential extension until 31st March 2021. The tender submission deadline is set for 22nd February 2017. The procurement is located in Scotland and the total estimated contract value is £1,900,000. Interested parties are invited to submit electronic responses through the Public Contracts Scotland website.

This tender offers significant opportunities for companies specialising in pensions and actuarial services, including consultancies with expertise in benefits administration, actuarial valuations, and scheme communications. Businesses with experience in managing public sector pension schemes, particularly those with a history of working with defined benefits, will find this contract particularly suited to their capabilities. Additionally, firms that meet the financial and insurance requirements outlined in the tender are encouraged to apply, as the contract will not be divided into lots, thereby concentrating the opportunity with a single supplier.

How relevant is this notice?

Notice Information

Notice Title

Pensions - Administration and Actuarial Services

Notice Description

The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of Actuarial, Administration and Benefits services for the period of 1st April 2017 to 31st March 2020 with the option to extend for a further one year to 31st March 2021. An open tender process will be carried out to appoint a single supplier for this service. The Trustees of the Scheme are considering the services of Investment Consulting and Advice services under a separate tender. Interested parties may tender for either or both of the contracts, however an individual submissions is required for each. This tender specifically covers the following services: 1. Pensions and benefits consultancy 2. Actuarial valuations and actuarial advice 3. Pensions Scheme Administration, Cash Management and Accounting 4. Scheme Communications 5. Scheme Secretary and governance support

Lot Information

Lot 1

The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of Actuarial, Administration and Benefits services for the period of 1st April 2017 to 31st March 2020 with the option to extend for a further one year to 31st March 2021. The Trustees of the Scheme are considering the services of Investment Consulting and Advice services under a separate tender. Interested parties may tender for either or both of the contracts, however an individual submissions is required for each. This tender specifically covers the following services: 1. Pensions and benefits consultancy 2. Actuarial valuations and actuarial advice 3. Pensions Scheme Administration, Cash Management and Accounting 4. Scheme Communications 5. Scheme Secretary and governance support This contract will not be divided into Lots as this would make the execution of the contract excessively technically difficult.. Economic operators may be excluded from this competition if they are in any of the situations referred to in regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000473206
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=OCT296949
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
OJEU - F3 - Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
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
£1,900,000 £1M-£10M
Lots Value
£1,900,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
29 Sep 20178 years ago
Submission Deadline
22 Feb 2017Expired
Future Notice Date
Not specified
Award Date
7 Sep 20178 years ago
Contract Period
Not specified - Not specified
Recurrence
Either 3 years or four years time depending on whether the extension is taken up. This information will appear on our forward plan which will be published on our website.

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Enterprise
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
GLASGOW
Postcode
G2 6HQ
Postcode Area
Glasgow
Country
Scotland
Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM3 West Central Scotland
Small Region (ITL 3)
TLM32 Glasgow City
Delivery Location
TLM Scotland
Local Authority
Glasgow City
Electoral Ward
Anderston/City/Yorkhill
Westminster Constituency
Glasgow North

Further Information

Notice Documents

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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