--- title: "Project Metz" ocid: "ocds-b5fd17-11cace75-db49-4f65-83ea-c67bcdfc8f95" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-11cace75-db49-4f65-83ea-c67bcdfc8f95" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-11cace75-db49-4f65-83ea-c67bcdfc8f95.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-11cace75-db49-4f65-83ea-c67bcdfc8f95.json" source: "Contracts Finder" current_stage: "Tender" buyer: "WIRRAL BOROUGH COUNCIL" published: "2023-09-29" --- # Project Metz Buyer: WIRRAL BOROUGH COUNCIL Current stage: Tender OCID: ocds-b5fd17-11cace75-db49-4f65-83ea-c67bcdfc8f95 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-11cace75-db49-4f65-83ea-c67bcdfc8f95) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-11cace75-db49-4f65-83ea-c67bcdfc8f95.json) ## Summary The Wirral Borough Council has initiated a tender process for Project Metz, involving the buy-in of pensions within the Merseyside Pension Fund attributed to Arriva Merseyside Limited. The procurement is under the services category, with a contract value of £200,000,000. The process commenced on 29th September 2023 with a tender period ending on 31st October 2023. Key dates include the SQ submission deadline on 31st October 2023 and the RFP Round 1 response deadline on 15th January 2024. This opportunity presents potential growth prospects for businesses in the insurance and pension services sector. Companies experienced in long-term investments and competitive broking exercises would be well-suited to bid for this contract. The process involves multiple stages, including the submission of SQ responses, RFP rounds, and clarification periods. Wirral Borough Council is the contracting authority, and the procurement method details are listed as "Other -". ## Notice Buy-in of all pensions in payment and other members who are no longer actively accruing benefits within the Merseyside Pension Fund which are attributed to Arriva Merseyside Limited Wirral Council in its capacity as the Administering Authority of the Merseyside Pension Fund (the "Fund") wishes to purchase a bulk annuity to be held as a long term investment in respect of all pensions in payment (except Children's pensions) and all other members who are no longer actively accruing benefits within the Fund which are attributed to Arriva Merseyside Limited. The Fund is a Local Government Pension Scheme ("LGPS") and is therefore subject to additional constraints when conducting competitive broking exercises. We have described these in more detail in the Explanatory Note issued with the Selection Questionnaire. The LGPS is a non-sectionalised, multi-employer Scheme and the focus of this project is a sole employer within the Fund. The Administering Authority have all the necessary power to unilaterally undertake the purchase of the bulk annuity, however the project is being commenced with the full support of the Employer and therefore the Client and the Employer have jointly agreed to pursue a buy-in strategy in relation to deferred and pensioner members of the Fund as the next step in the Employer's de-risking journey. Please note due to the nature of the contract the exact contract length cannot be determined, to accommodate this the contract length for the purposes of this notice has been set at 9999 months. The contract will have no fixed end date Timeframe Task Description September 2023 Contract Notice published Contract Notice published on Find a Tender Service and SQ made available to prospective bidders 11 September 2023 to 16 October 2023 Introductory calls Bidders are invited to request to attend one introductory conference call with Mercer as advisors to the Authority. 31 October 2023 SQ submission deadline Bidders are required to submit their SQ responses by no later than 12:00 on this date 7 November 2023 SQ outcome Bidders will be notified in writing of the outcome of the SQ process 8 November 2023 RFP Round 1 released The RFP will be released via CHEST to all bidders who met the SQ requirements. 15 January 2024 RFP Round 1 response deadline Bidders must submit a complete response to the RFP via CHEST by 12:00 on this date. 29 January 2024 Clarifications As necessary, questions of clarification may be raised with you by Mercer or the Authority via CHEST in order that an appropriate score can be awarded. 12 February 2024 RFP Round 2 released All bidders will be provided with feedback on their scores and 3 bidders will be invited to submit a best and final proposal. 12 March 2024 RFP Round 2 response deadline Bidders must submit a complete response to the RFP via CHEST by 12:00 on this date. 26 March 2024 Clarifications As necessary, questions of clarification may be raised with you by Mercer or the Authority via CHEST in order th Additional information: For the tender opportunity, all documentation, expressions of interest, questions and submissions please visit Th Chest portal at http://www.the-chest.org.uk ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/feb64af2-96f2-4df1-8a59-61960bafac1b | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Not Specified | | Procurement method details | Other - | | Tender suitability | Not specified | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 29 Sep 2023 | | Submission deadline | 31 Oct 2023 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 4 Feb 2024 - 30 Sep 2856 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £200,000,000 | | Lots value | Not specified | | Awards value | Not specified | | Contracts value | Not specified | ## Status | Field | Value | | --- | --- | | Tender status | Active | | Lots status | Not specified | | Awards status | Not specified | | Contracts status | Not specified | ## Buyer | Field | Value | | --- | --- | | Main buyer | WIRRAL BOROUGH COUNCIL | | Locality | WALLASEY | | Post town | Chester | | Postcode | CH44 8ED | | Country | England | | ITL 1 | TLD North West (England) | | ITL 2 | TLD7 Merseyside | | ITL 3 | TLD74 Wirral | | Local authority | Wirral | | Electoral ward | Seacombe | | Westminster constituency | Wallasey | | Delivery location | TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England) | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66500000 - Insurance and pension services ## Release History - 29 Sep 2023 at 10:27 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/feb64af2-96f2-4df1-8a59-61960bafac1b - 29 Sep 2023 at 10:18 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/3d296117-aada-474b-b6cf-dc247c526848 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/feb64af2-96f2-4df1-8a59-61960bafac1b 29th September 2023 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/3d296117-aada-474b-b6cf-dc247c526848 29th September 2023 - Opportunity notice on Contracts Finder ## Notice URLs - http://www.the-chest.org.uk - http://www.wirral.gov.uk/ ## Provenance This Markdown file is an alternate public rendering of the D3 Tenders contract record. The canonical page is https://d3tenders.com/contract/?ocid=ocds-b5fd17-11cace75-db49-4f65-83ea-c67bcdfc8f95. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-11cace75-db49-4f65-83ea-c67bcdfc8f95.json.