Award

HIE Pension Scheme and Local Government Scheme Support

HIGHLANDS AND ISLANDS ENTERPRISE

This public procurement record has 1 release in its history.

Summary of the contracting process

Highlands and Islands Enterprise, based in Inverness, has awarded a contract for the provision of HIE Pension Scheme and Local Government Scheme support services to Spence & Partners. This contract covers the period from 3rd February 2025 to 31st October 2027. The procurement process has been completed, with the award made on 12th November 2024. The services fall under the CPV code 66520000, related to financial services and are crucial for managing the HIE Superannuation Scheme where Spence & Partners has already established expertise.

This tender offers substantial opportunities for businesses in the financial services sector, particularly those with strong technical expertise in pension schemes. Spence & Partners was selected due to their specialised knowledge and the efficiency their existing data handling offers, preventing redundancy and additional costs. This would be highly relevant for large-scale companies already operating in the finance or pension administration industry, considering the specific nature of the data accessibility and integration required for this contract.

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Notice Title

HIE Pension Scheme and Local Government Scheme Support

Notice Description

This contract award notice refers to spend relating to the provision of HIE Pension Scheme and Local Government support services covering the period 03/02/25 to 31/10/27. The delivery is fully reliant upon accessing data held by the supplier to the Board of the Trustees of the HIE Superannuation Scheme, currently Spence and Partners Limited. Spence and Partners Ltd have specialist technical knowledge and gained important insight to the work required from their current Pension Board of Trustees contract. A change in supplier would not deliver any efficiencies and is considered to result in substantial duplication of costs due to the double data handling costs that another supplier may experience and pass back to HIE.

Lot Information

Lot 1

This contract award notice refers to spend relating to the provision of HIE Pension Scheme and Local Government support services covering the period 03/02/25 to 31/10/27. The delivery is fully reliant upon accessing data held by the supplier to the Board of the Trustees of the HIE Superannuation Scheme, currently Spence and Partners Limited. Spence and Partners Ltd have specialist technical knowledge and gained important insight to the work required from their current Pension Board of Trustees contract. A change in supplier would not deliver any efficiencies and is considered to result in substantial duplication of costs due to the double data handling costs that another supplier may experience and pass back to HIE.

Procurement Information

The delivery is fully reliant upon accessing data held by the supplier to the Board of the Trustees of the HIE Superannuation Scheme, currently Spence and Partners Limited. Spence and Partners Ltd have specialist technical knowledge and gained important insight to the work required from their current Pension Board of Trustees contract. A change in supplier would not deliver any efficiencies and is considered to result in substantial duplication of costs due to the double data handling costs that another supplier may experience and pass back to HIE.

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000783084
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV519001
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
PCS Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Limited
Procurement Method Details
Award procedure without prior publication of a call for competition
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
£57,600 Under £100K

Notice Dates

Publication Date
25 Nov 20241 years ago
Submission Deadline
Not specified
Future Notice Date
Not specified
Award Date
12 Nov 20241 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
HIGHLANDS AND ISLANDS ENTERPRISE
Contact Name
Not specified
Contact Email
hieprocurement@hient.co.uk
Contact Phone
Not specified

Buyer Location

Locality
INVERNESS
Postcode
IV2 5NA
Post Town
Inverness
Country
Scotland

Major Region (ITL 1)
TLM Scotland
Basic Region (ITL 2)
TLM2 Highlands and Islands
Small Region (ITL 3)
TLM20 Highlands and Islands
Delivery Location
TLM6 Highlands and Islands

Local Authority
Highland
Electoral Ward
Inverness South
Westminster Constituency
Inverness, Skye and West Ross-shire

Supplier Information

Number of Suppliers
1
Supplier Name

SPENCE & PARTNERS

Further Information

Notice Documents

  • https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=NOV519001
    HIE Pension Scheme and Local Government Scheme Support - This contract award notice refers to spend relating to the provision of HIE Pension Scheme and Local Government support services covering the period 03/02/25 to 31/10/27. The delivery is fully reliant upon accessing data held by the supplier to the Board of the Trustees of the HIE Superannuation Scheme, currently Spence and Partners Limited. Spence and Partners Ltd have specialist technical knowledge and gained important insight to the work required from their current Pension Board of Trustees contract. A change in supplier would not deliver any efficiencies and is considered to result in substantial duplication of costs due to the double data handling costs that another supplier may experience and pass back to HIE.

Open Contracting Data Standard (OCDS)

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