---
title: "Pension Advisors"
ocid: "ocds-b5fd17-316217bb-f702-4a92-8e3c-a79c9721d2c1"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-316217bb-f702-4a92-8e3c-a79c9721d2c1"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-316217bb-f702-4a92-8e3c-a79c9721d2c1.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-316217bb-f702-4a92-8e3c-a79c9721d2c1.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "NEW MODEL IN TECHNOLOGY & ENGINEERING"
published: "2018-01-08"
---

# Pension Advisors

Buyer: NEW MODEL IN TECHNOLOGY & ENGINEERING  
Current stage: Award  
OCID: ocds-b5fd17-316217bb-f702-4a92-8e3c-a79c9721d2c1

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## Summary

The New Model in Technology and Engineering (NMiTE) is seeking pension advisor services as part of a tender process initiated to set up a defined contribution pension scheme for its employees, along with associated life assurance and health insurance arrangements. The tender, titled "Pension Advisors," falls under the consultancy services category and is located in the West Midlands, UK. The procurement method used was an Other - Quotation Procedure, with a minimum total contract value of £63,850, culminating in an award made on November 16, 2017. The contract period is set to run from November 22, 2017, to February 21, 2021, with the tender process itself concluding on November 3, 2017.

This procurement presents a significant opportunity for consultancy firms specialising in pension fund advisory services, particularly those capable of providing ongoing governance support and adapting to changes in pension legislation. Small and medium-sized enterprises (SMEs) would find this opportunity well-suited, given the type of engagement and the competitive nature of tendering that invites multiple qualified organisations. The awarded contract is currently held by Barnett Waddingham LLP, indicating the potential for similar firms to expand their client base by providing relevant and comprehensive pension advisory services.

## Notice

NMiTE (New Model in Technology and Engineering) is the project name for a brand new HE institution with a mission to address the UK engineering skills shortage. It will offer a new approach to learning, based on real-world problem solving and blending high quality engineering, design, liberal arts and humanities with communication and employability skills that employers need. The first full cohort will join in September 2020. NMiTE has commissioned pension advisor services via this procurement. The advice services were in respect of the establishment of a defined contribution pension scheme for all employees, plus life assurance and health insurance arrangements. Specific advice was requested in respect of the structure of the pension scheme, plus support in respect of the procurement of the provider of the pension scheme. Also, requested was ongoing advice on pension governance and changes to pension law throughout the term of the contract. The services were commissioned via quotes from suitably qualified organisations. 5 organisations were invited and 2 quotes were received.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/574c239e-3703-4708-8787-d0941c5e7745 |
| Notice type | Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Not Specified |
| Procurement method details | Other - Quotation Procedure |
| Tender suitability | SME |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 8 Jan 2018 |
| Submission deadline | 3 Nov 2017 |
| Future notice date | Not specified |
| Award date | 16 Nov 2017 |
| Contract period | 22 Nov 2017 - 21 Nov 2021 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £75,000 |
| Lots value | Not specified |
| Awards value | £63,850 |
| Contracts value | Not specified |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | NEW MODEL IN TECHNOLOGY & ENGINEERING |
| Locality | HEREFORD |
| Post town | Hereford |
| Postcode | HR1 2HX |
| Country | England |
| ITL 1 | TLG West Midlands (England) |
| ITL 2 | TLG1 Herefordshire, Worcestershire and Warwickshire |
| ITL 3 | TLG11 Herefordshire, County of |
| Local authority | Herefordshire, County of |
| Electoral ward | Central |
| Westminster constituency | Hereford and South Herefordshire |
| Delivery location | TLG West Midlands (England) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | BARNETT WADDINGHAM |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66523000 - Pension fund consultancy services

## Release History

- 8 Jan 2018 at 10:13 - AwardUpdate - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/574c239e-3703-4708-8787-d0941c5e7745
- 8 Jan 2018 at 09:36 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/574c239e-3703-4708-8787-d0941c5e7745

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/574c239e-3703-4708-8787-d0941c5e7745
  8th January 2018 - Awarded contract notice on Contracts Finder

## Notice URLs

- http://nmite.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-b5fd17-316217bb-f702-4a92-8e3c-a79c9721d2c1. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-316217bb-f702-4a92-8e3c-a79c9721d2c1.json.