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Pensions - Investment Advice Services

Scottish Enterprise

This public procurement record has 2 releases in its history.

Award

21 Jul 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

Scottish Enterprise is the contracting authority seeking proposals for "Pensions - Investment Advice Services" as part of a tender process. This initiative is set to provide investment advisory services for the Scottish Enterprise Pension and Life Assurance Scheme from 1st April 2017 to 31st March 2020, with a potential extension to 31st March 2021. The tender was issued under an open procedure, with submissions accepted electronically through the Public Contracts Scotland portal. The deadline for submissions was 22nd February 2017, and the services will be delivered in Scotland.

This contract presents significant business growth opportunities for firms specializing in financial services, particularly those with experience in pension schemes and investment advice. Companies with a robust background in actuarial, administrative, and ancillary services would be well-suited to participate, especially those that can demonstrate relevant experience and meet the financial requirements outlined in the tender. With the potential for annual turnover requirements and comprehensive quality management policies, businesses that meet these criteria are encouraged to engage with this procurement opportunity.

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Notice Information

Notice Title

Pensions - Investment Advice Services

Notice Description

The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of pensions investment advices 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 actuarial, administrative and ancillary services under a separate tender. Interested parties may tender for either or both of the contracts, however an individual submissions is required for each.

Lot Information

Lot 1

The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of pensions investment advices 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 actuarial, administrative and ancillary 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 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-r6ebe6-0000474102
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUL290260
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

66520000 - Pension services

66522000 - Group pension services

66523000 - Pension fund consultancy services

66523100 - Pension fund administration services

Notice Value(s)

Tender Value
£500,000 £500K-£1M
Lots Value
£1,900,000 £1M-£10M
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
21 Jul 20179 years ago
Submission Deadline
22 Feb 2017Expired
Future Notice Date
Not specified
Award Date
28 Jun 20179 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)

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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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