Award

Ask AI about this notice

Summarise, research or assess it with AI

View Markdown

Share this notice

Send this contract to a colleague

SE Pension Scheme - Administrative, Actuarial and Ancillary Services (LOT1) and Investment Consulting Services (LOT2)

Scottish Enterprise

This public procurement record has 2 releases in its history.

Award

21 Dec 2020 at 00:00

OJEU - F3 - Contract Award Notice
Tender

15 Sep 2020 at 01:00

OJEU - F2 - Contract Notice
Summary of the contracting process

The Scottish Enterprise is seeking tenders for the provision of Administrative, Actuarial, and Ancillary Services (LOT 1) and Investment Consulting Services (LOT 2) for the SE Pension Scheme. This procurement falls under the services category and will take place in Glasgow with contracts set for the period from 01 April 2021 to 31 March 2024, with an option to extend for an additional year. The procurement method is open, allowing interested parties to submit bids until the deadline of 26 October 2020, which is when the tender period concludes.

This tender offers significant opportunities for consulting firms with expertise in pension schemes and investment consulting. Businesses that specialise in actuarial services, pension administration, and investment advice, particularly those with experience in public sector schemes, would be well-suited to participate. The competitive landscape may be limited, providing a prime chance for established firms, especially those with the necessary qualifications and experience in servicing open defined benefit pension schemes, to secure long-term contracts with Scottish Enterprise.

How relevant is this notice?

Notice Information

Notice Title

SE Pension Scheme - Administrative, Actuarial and Ancillary Services (LOT1) and Investment Consulting Services (LOT2)

Notice Description

The purpose of this Invitation to Tender is to appoint one supplier to each of 2 Lots. The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of Actuarial, Administration and Ancillary Services (LOT 1) and Investment Consulting Services (LOT 2) for the period of 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months. - LOT 1 - Pensions - Administrative, Actuarial and Ancillary Services o Actuarial, including Scheme Actuary o Pension Administration o Scheme Accounting o General Consulting o Governance o Scheme Communications - LOT 2 - Pensions - Investment Consulting Service o Investment Consulting Interested parties may tender for either or both of the lots, however an individual submissions is required for each lot.

Lot Information

LOT 1 - Pensions - Administrative, Actuarial and Ancillary Services

The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of Actuarial, Administration and Ancillary Services (LOT 1) for the period of 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months to 31 March 2025. This lot specifically covers the following services: o Actuarial, including Scheme Actuary o Pension Administration o Scheme Accounting o General Consulting o Governance o Scheme Communications

Renewal: Contract period of 36 months from 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months to 31 March 2025.

LOT 2 - Pensions - Investment Consulting Service

The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of Investment Consulting Services (LOT 2) for the period of 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months to 31 March 2025. This lot specifically covers the following services: o Investment Consulting

Renewal: Contract period of 36 months from 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months to 31 March 2025.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000629558
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC403243
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
Large

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
£2,650,000 £1M-£10M
Lots Value
£2,650,000 £1M-£10M
Awards Value
Not specified
Contracts Value
£2,094,220 £1M-£10M

Notice Dates

Publication Date
21 Dec 20205 years ago
Submission Deadline
26 Oct 2020Expired
Future Notice Date
Not specified
Award Date
4 Dec 20205 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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
Scottish Enterprise
Additional Buyers

Scottish Government

Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
EDINBURGH
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

Supplier Information

Number of Suppliers
2
Supplier Names

Hymans Robertson LLP

Isio Group Limited

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

JSON Markdown

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.

Loading OCDS record...