--- title: "Provision of pension governance services" ocid: "ocds-b5fd17-21b6d5f4-0130-4d33-a44e-f38feb4b5cd9" canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-21b6d5f4-0130-4d33-a44e-f38feb4b5cd9" markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-21b6d5f4-0130-4d33-a44e-f38feb4b5cd9.md" json_url: "https://d3tenders.com/contract/ocds-b5fd17-21b6d5f4-0130-4d33-a44e-f38feb4b5cd9.json" source: "Contracts Finder" current_stage: "Tender" buyer: "LEGAL SERVICES BOARD" published: "2023-08-11" --- # Provision of pension governance services Buyer: LEGAL SERVICES BOARD Current stage: Tender OCID: ocds-b5fd17-21b6d5f4-0130-4d33-a44e-f38feb4b5cd9 [View canonical contract page](https://d3tenders.com/contract/?ocid=ocds-b5fd17-21b6d5f4-0130-4d33-a44e-f38feb4b5cd9) [Download OCDS JSON](https://d3tenders.com/contract/ocds-b5fd17-21b6d5f4-0130-4d33-a44e-f38feb4b5cd9.json) ## Summary The Legal Services Board (LSB) is inviting tenders for the provision of pension governance services. The services required include preparing annual reports, presentations to committees, and answering queries regarding pension schemes. The tender deadline is 31 August 2023, with the contract period starting from 1 November 2023 and lasting for three years. The procurement method is an open procedure, and the location for service delivery is in London, WC1A 1DE. The industry category for this tender is pension fund consultancy services, suitable for small and medium-sized enterprises. This tender by the LSB presents an opportunity for businesses specialising in pension fund consultancy services to partner with a reputable organisation and provide governance services. Companies with expertise in pension schemes, annual reporting, and interaction with internal committees are well-suited to compete. The contract duration of three years offers a stable revenue stream for successful applicants. Interested businesses should submit their fully costed proposals, including VAT, and describe how they meet the service specifications by the deadline of 31 August 2023. ## Notice The Legal Services Board (LSB) is looking to appoint a suitably qualified provider of pension governance services. As a very small organisation, we do not have in-house pension expertise. We are looking for a supplier who can work in partnership with the LSB to deliver pension governance and associated services to a high standard. Our aim is to appoint a supplier to provide pension governance services to the LSB for an initial term of three years, from 1 November 2023 and 31 October 2026 with the potential for an extension. Specification of services required (this will form part of the Contract) * Annual Pension Governance report including: (a) Evaluation of pension scheme performance in the past year (to 30 June) and benchmarking to comparator performance in the pension market, and (b) Recommendation of external pension provider. * Remuneration Committee (RNC) presentation in February annually. * Meeting with the executive pension committee in January (CEO, Director of Enabling Services, Head of Finance and IT, and HR lead). * Available to answer queries once the Pension Governance report has been prepared (approx.one/two hours needed). * Annual Pensions presentation to all LSB colleagues (annually in March). * Annual one-to-one sessions with LSB colleagues on request (annually in March). * Review and update of LSB pensions booklet and admin forms periodically (approximately every two years). * Participate in any internal or external audit of LSB pension arrangements as required A tender is required which should include method statements, but not be limited to: * A description of how you would work with us. * A description of how you will meet the service specification requirements listed above. A fully costed proposal with fixed and variable costs, including VAT. Where possible this should be broken down into annual or one-off costs, including any set up fees. * Completion of the Supplier form and EDI form. All tender submissions should be submitted by 23.59pmon 31 August 2023 to tenders@legalservicesboard.org.uk . Submissions submitted to other addresses or beyond this time will not be accepted. The full ITT is attached to this notice. ## Key Details | Field | Value | | --- | --- | | Publication source | Contracts Finder | | Latest notice | https://www.contractsfinder.service.gov.uk/Notice/6c2524da-b73c-4d4d-8956-e9909cfb35e7 | | Notice type | Tender Notice | | Procurement type | Standard | | Procurement category | Services | | Procurement method | Open | | Procurement method details | Open procedure (below threshold) | | Tender suitability | SME | | Awardee scale | Not specified | | All stages | Tender | ## Dates | Field | Value | | --- | --- | | Publication date | 11 Aug 2023 | | Submission deadline | 31 Aug 2023 | | Future notice date | Not specified | | Award date | Not specified | | Contract period | 1 Nov 2023 - 31 Oct 2026 | | Recurrence | Not specified | ## Values | Field | Value | | --- | --- | | Tender value | £10,750 | | 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 | LEGAL SERVICES BOARD | | Locality | LONDON | | Post town | Central London | | Postcode | WC2B 4AN | | Country | England | | ITL 1 | TLI London | | ITL 2 | TLI3 Inner London - West | | ITL 3 | TLI35 Westminster and City of London | | Local authority | Westminster | | Electoral ward | St James's | | Westminster constituency | Cities of London and Westminster | | Delivery location | Not specified | ## CPV Codes ### Divisions - 66 - Financial and insurance services ### Codes - 66523000 - Pension fund consultancy services ## Release History - 11 Aug 2023 at 15:40 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/6c2524da-b73c-4d4d-8956-e9909cfb35e7 ## Documents - https://www.contractsfinder.service.gov.uk/Notice/6c2524da-b73c-4d4d-8956-e9909cfb35e7 11th August 2023 - Opportunity notice on Contracts Finder - https://www.contractsfinder.service.gov.uk/Notice/Attachment/39773c0d-84c0-4375-9630-86a860cc5269 ## Notice URLs - https://legalservicesboard.org.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-b5fd17-21b6d5f4-0130-4d33-a44e-f38feb4b5cd9. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-21b6d5f4-0130-4d33-a44e-f38feb4b5cd9.json.