Award

Contract for the provision of a Pensions Advisory Service

SRUC

This public procurement record has 2 releases in its history.

Summary of the contracting process

The SRUC (Scottish Rural College) is currently engaged in a procurement process for the "Contract for the provision of a Pensions Advisory Service," located in Edinburgh, UK. The procurement is at the active tender stage, with electronic submissions accepted until 25 May 2018. This service falls under the Education, Research and Consultancy category, and is intended to support SRUC in the management and assessment of its staff pension schemes in line with its new Strategic Plan for 2018-2023.

This contract presents a significant opportunity for businesses specialising in pension advisory services, particularly those with considerable experience in managing pensions for educational or research institutions. Companies that can demonstrate expertise in negotiations with various pension schemes and provide effective, strategic advice on pension management are well-suited to compete. Suppliers must be prepared to showcase examples of past advisory success and demonstrate their ability to keep SRUC informed of any financial changes that may impact its pension obligations.

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Notice Title

Contract for the provision of a Pensions Advisory Service

Notice Description

With the launch of its new Strategic Plan for 2018 - 2023, SRUC is poised to embark on a period of significant change across all aspects of its business. A key element of this process will be comprehensive assessment and active management of our staff pension schemes.

Lot Information

Lot 1

SRUC seeks a professional service provider who will provide all aspects of pension advice. The successful supplier will be required to support us in any negotiations with the pension schemes we participate in. We require the successful supplier to keep us informed as to potential accounting and financial changes to pension schemes which could affect our business. The successful supplier must also stay up- to-date with key issues and specific changes in SRUC's business through regular liaison with our senior finance personnel. It is therefore essential that our professional service provider is able to demonstrate considerable experience of working with and providing a range of pension advice to similar businesses. Further, as part of the ITT, tenderers must be able to provide examples of advice given to their existing clients, and explain how this advice added value to the client and managed pension risks for that client. Retirement benefits to employees of the SRUC Group are provided by seven superannuation schemes being: - Research Council Pension Scheme (RCPS); - SRUC Group Pension Plan; - Citrus Pension Plan, - Local Government Pension Schemes (LGPS) comprising: Dumfries and Galloway Council Pension Fund (DGCPF), Fife Council Pension Fund (FCPF), Lothian Pensions Fund (LPF); - Scottish Teachers' Superannuation Scheme (STSS).

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000540683
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=JUN321681
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66131100 - Pension investment services

66500000 - Insurance and pension services

66520000 - Pension services

66522000 - Group pension services

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£50,000 Under £100K
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
11 Jun 20187 years ago
Submission Deadline
25 May 2018Expired
Future Notice Date
Not specified
Award Date
11 Jun 20187 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
SRUC
Contact Name
Not specified
Contact Email
procurement@sruc.ac.uk
Contact Phone
+44 01315354384

Buyer Location

Locality
EDINBURGH
Postcode
EH9 3JG
Post Town
Edinburgh
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM1 East Central Scotland
Small Region (ITL 3)
TLM13 City of Edinburgh
Delivery Location
TLM75 City of Edinburgh

Local Authority
City of Edinburgh
Electoral Ward
Southside/Newington
Westminster Constituency
Edinburgh South

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

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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