Award

Pension actuarial / investment advice

VISITSCOTLAND

This public procurement record has 2 releases in its history.

Award

23 Dec 2025 at 00:00

PCS Notice - Website Contract Award Notice
Tender

22 May 2025 at 00:00

PCS Notice - Website Contract Notice
Summary of the contracting process

VisitScotland, headquartered at Waverley Court in Edinburgh, is currently in the tendering stage of a public procurement process seeking to secure pension actuarial and investment advice services. This tender, identified as VSEH25013, falls under the tourism industry category and encompasses the delivery of services across the UK (UKM region). Using an open procurement method, potential suppliers can submit bids electronically until the closing date on 6th June 2025. The procurement process is valued at £75,000 and aims to ensure the optimal operation of VisitScotland’s defined benefit pension schemes.

This contract presents an excellent opportunity for firms specialising in actuarial and investment advisory services, particularly those experienced with defined benefit pension schemes. Businesses capable of delivering cost-effective and efficient pension management strategies would be well-suited to this tender. Additionally, companies that can demonstrate innovative approaches to pension fund optimisation may find a competitive advantage. With a contract period of 1080 days and potential for renewal based on service demand, this procurement offers promising prospects for long-term business growth and ongoing partnership with VisitScotland.

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Notice Information

Notice Title

Pension actuarial / investment advice

Notice Description

VisitScotland is seeking appropriate actuarial/investment advice in relation to the operation and participation in both defined benefit pension schemes.

Lot Information

Lot 1

VisitScotland is seeking to appoint a suitably qualified agency for the provision of pension actuarial / investment advice in relation to the provision of two defined benefit staff pension schemes to which VisitScotland participate in to ensure VisitScotland, as the employer, receives best value for money and operates these schemes in the most cost efficient way.

Renewal: Renewal subject to ongoing demand of services

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-r6ebe6-0000799546
Publication Source
Public Contracts Scotland
Latest Notice
https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC546266
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

66520000 - Pension services

66523000 - Pension fund consultancy services

Notice Value(s)

Tender Value
£75,000 Under £100K
Lots Value
£75,000 Under £100K
Awards Value
Not specified
Contracts Value
£225,000 £100K-£500K

Notice Dates

Publication Date
23 Dec 20252 months ago
Submission Deadline
6 Jun 2025Expired
Future Notice Date
Not specified
Award Date
9 Sep 20255 months ago
Contract Period
Not specified - Not specified
Recurrence
Subject to ongoing demand for the services

Notice Status

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

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
VISITSCOTLAND
Contact Name
Billy Hislop, Rory Hewitt
Contact Email
billy.hislop@visitscotland.com, rory.hewitt@visitscotland.com
Contact Phone
+44 1314722222

Buyer Location

Locality
EDINBURGH
Postcode
EH8 8BG
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
TLM Scotland
Local Authority
City of Edinburgh
Electoral Ward
City Centre
Westminster Constituency
Edinburgh East and Musselburgh

Supplier Information

Number of Suppliers
1
Supplier Name

XPS PENSIONS GROUP

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

Download

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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