---
title: "Provision of Pension Fund Investments Advisory Service"
ocid: "ocds-b5fd17-73aef001-7d67-4fcd-9568-411cd4cc1cab"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-b5fd17-73aef001-7d67-4fcd-9568-411cd4cc1cab"
markdown_url: "https://d3tenders.com/contract/ocds-b5fd17-73aef001-7d67-4fcd-9568-411cd4cc1cab.md"
json_url: "https://d3tenders.com/contract/ocds-b5fd17-73aef001-7d67-4fcd-9568-411cd4cc1cab.json"
source: "Contracts Finder"
current_stage: "Award"
buyer: "DORSET COUNCIL"
published: "2021-12-16"
---

# Provision of Pension Fund Investments Advisory Service

Buyer: DORSET COUNCIL  
Current stage: Award  
OCID: ocds-b5fd17-73aef001-7d67-4fcd-9568-411cd4cc1cab

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## Summary

The Dorset Council is seeking a qualified organisation to provide Pension Fund Investments Advisory Services as part of their role as the administering authority for the Local Government Pension Scheme in Dorset. The contract, valued at £160,000, falls under the industry category of Financial and Insurance Services. The tender period concluded on 18 November 2021, with the contract set to commence on 1 January 2022 and run until 31 December 2025. This opportunity is part of the open procurement method and was initiated as a tender. Interested parties should note that the successful bidder will support the Pension Fund Committee and officers in investment-related matters, given the existing fund value of approximately £3.5 billion as of June 2021.

This advisory service contract represents an excellent opportunity for businesses specialising in financial consultancy, specifically those with experience in pension fund management and investment advisory services. Small and medium-sized enterprises (SMEs) and voluntary, community, and social enterprises (VCSEs) are encouraged to participate in the bidding process, leveraging their expertise to compete effectively. Vendors with a strong track record in financial services and a deep understanding of the public sector's pension funds will be particularly well-suited for this contract, enhancing their portfolio and potentially expanding their client base within local government organisations.

## Notice

Dorset Council ("the Council") is the administering authority for the Local Government Pension Scheme (LGPS) in Dorset which provides pensions and other benefits for employees of the Council, other local authorities and a range of other organisations within the county. The LGPS is a national scheme administered locally and is a 'defined benefit' scheme which means that benefits for scheme members are calculated based on factors such as age, length of membership and salary. Member benefits are not calculated on the basis of investment performance as they would be in a 'defined contribution' scheme. The Council has delegated its responsibilities as an administering authority to the Pension Fund Committee, which consists of five elected members of the Council, three elected members of Bournemouth, Christchurch and Poole Council, and one scheme member representative nominated by the trade unions. Administering authorities are required to maintain a pension fund for the payment of benefits to scheme members funded by contributions from scheme members and their employers, and from returns on contributions invested prior to benefits becoming payable. Contribution levels for scheme members are set nationally, and contribution levels for scheme employers are set locally by actuaries engaged by administering authorities. As at 30 June 2021 the value of the Dorset County Pension Fund ("the Fund") was approximately PS3.5 billion. The Council is seeking an organisation that can provide an advisory service to its Pension Fund Committee and officers on all matters relating to the investments of the Dorset County Pension Fund.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Contracts Finder |
| Latest notice | https://www.contractsfinder.service.gov.uk/Notice/8eda3b76-7838-4545-a18c-b6594da3b57d |
| 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 | 16 Dec 2021 |
| Submission deadline | 18 Nov 2021 |
| Future notice date | Not specified |
| Award date | 2 Dec 2021 |
| Contract period | 1 Jan 2022 - 31 Dec 2024 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £160,000 |
| Lots value | Not specified |
| Awards value | £120,000 |
| 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 | DORSET COUNCIL |
| Locality | DORCHESTER |
| Post town | Dorchester |
| Postcode | DT1 1XJ |
| Country | England |
| ITL 1 | TLK South West (England) |
| ITL 2 | TLK6 North Somerset, Somerset and Dorset |
| ITL 3 | TLK64 Dorset |
| Local authority | Dorset |
| Electoral ward | Dorchester West |
| Westminster constituency | West Dorset |
| 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) |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | MJ HUDSON ALLENBRIDGE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66000000 - Financial and insurance services

## Release History

- 16 Dec 2021 at 11:11 - Award - Award Notice - https://www.contractsfinder.service.gov.uk/Notice/8eda3b76-7838-4545-a18c-b6594da3b57d
- 27 Oct 2021 at 10:03 - Tender - Tender Notice - https://www.contractsfinder.service.gov.uk/Notice/08dc10c0-90c0-4ca8-911d-d106c85a7fd2

## Documents

- https://www.contractsfinder.service.gov.uk/Notice/8eda3b76-7838-4545-a18c-b6594da3b57d
  16th December 2021 - Awarded contract notice on Contracts Finder
- https://www.contractsfinder.service.gov.uk/Notice/08dc10c0-90c0-4ca8-911d-d106c85a7fd2
  27th October 2021 - Opportunity notice on Contracts Finder
- https://procontract.due-north.com/Advert?advertId=4e71a29c-5232-ec11-810e-005056b64545&p=696a9836-1895-e511-8105-000c29c9ba21
  Link to advert

## Notice URLs

- https://www.dorsetcouncil.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-b5fd17-73aef001-7d67-4fcd-9568-411cd4cc1cab. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-b5fd17-73aef001-7d67-4fcd-9568-411cd4cc1cab.json.