---
title: "Independent Financial Advice Framework"
ocid: "ocds-b5fd17-0f9d7929-d73d-4eae-aaa4-d30424308aae"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-0f9d7929-d73d-4eae-aaa4-d30424308aae"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-0f9d7929-d73d-4eae-aaa4-d30424308aae.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-0f9d7929-d73d-4eae-aaa4-d30424308aae.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "LEICESTERSHIRE COUNTY COUNCIL"
published: "2019-10-14"
---

# Independent Financial Advice Framework

Buyer: LEICESTERSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-0f9d7929-d73d-4eae-aaa4-d30424308aae

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## Summary

The Leicestershire County Council is currently engaging in the procurement process for the "Independent Financial Advice Framework". This initiative is categorised under financial consultancy services, specifically addressing the financial needs of approximately 650 service users. The procurement method employed is an open procedure, with the tender period closing on 19th July 2019. The contract, once awarded, is set to commence on 1st September 2019 and will run until 1st September 2021, with services required to be delivered in the East Midlands region of the United Kingdom.

This tender presents significant opportunities for businesses, particularly small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprise (VCSE) organisations specialising in financial consultancy. Businesses that can provide expert independent financial advice and manage financial products efficiently, especially for service users with substantial portfolios, will be particularly well-suited to compete. The requirement for quarterly briefings also opens up avenues for firms interested in supporting the council's investment decisions.

## Notice

The Council manages the finances of approximately 650 Service Users. The authority to manage the Service Users' finances comes from Court of Protection deputyship or from appointeeship, usually from the Department for Work & Pensions. The Council is responsible for the management of the Service Users' financial affairs. Under the Office of the Public Guardian's Deputy Standards the Council is required to seek independent financial advice, where appropriate to maximise the return on Service Users' savings, investments and any other assets. The Council is seeking to procure a framework with up to three separate Suppliers. The Council requires a process whereby the Supplier(s) is enabled to provide expert independent financial advice and procure relevant financial products as required. Specialist advice and support will be required for Service Users with portfolios of over PS20,000. One general quarterly briefing is also required free of charge to assist the Council in making investment decisions on behalf of its Service Users with individual portfolios below PS20,000.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/f4c5c55f-5817-4d2d-b31d-489c3f9f6378 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | SME, VCSE |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 14 Oct 2019 |
| Submission deadline | 19 Jul 2019 |
| Future notice date | Not specified |
| Award date | 21 Aug 2019 |
| Contract period | 31 Aug 2019 - 1 Sep 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £50,000 |
| Contracts value | Not specified |

## Status

| Field | Value |
| --- | --- |
| Tender status | Active |
| Lots status | Not specified |
| Awards status | Active |
| Contracts status | Not specified |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | LEICESTERSHIRE COUNTY COUNCIL |
| Locality | LEICESTER |
| Post town | Leicester |
| Postcode | LE3 8RA |
| Country | England |
| ITL 1 | TLF East Midlands (England) |
| ITL 2 | TLF2 Leicestershire, Rutland and Northamptonshire |
| ITL 3 | TLF22 Leicestershire CC and Rutland |
| Local authority | Blaby |
| Electoral ward | Glenfield Faire |
| Westminster constituency | Mid Leicestershire |
| Delivery location | TLF East Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | SAMRA WEALTH MANAGMENT PARTNER OF ST JAMES WEALTH MANAGMENT |

## CPV Codes

### Divisions

- 66 - Financial and insurance services
- 85 - Health and social work services

### Codes

- 66170000 - Financial consultancy, financial transaction processing and clearing-house services
- 85321000 - Administrative social services

## Release History

- 14 Oct 2019 at 12:47 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/f4c5c55f-5817-4d2d-b31d-489c3f9f6378
- 10 Oct 2019 at 14:05 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/17fe35ce-cba6-441a-aa39-dbe623e6bd0b
- 25 Jun 2019 at 13:33 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/bc1f6373-74ff-494f-8864-05c5bd300a7d

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/f4c5c55f-5817-4d2d-b31d-489c3f9f6378
  14th October 2019 - Opportunity notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/17fe35ce-cba6-441a-aa39-dbe623e6bd0b
  10th October 2019 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/bc1f6373-74ff-494f-8864-05c5bd300a7d
  25th June 2019 - Opportunity notice on Contracts Finder

## Notice URLs

- http://www.leicestershire.gov.uk

## Provenance

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