---
title: "Wales Pension Partnership Regulator of Operator Services"
ocid: "ocds-h6vhtk-039849"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-039849"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-039849.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-039849.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "CARMARTHENSHIRE COUNTY COUNCIL"
published: "2024-09-27"
---

# Wales Pension Partnership Regulator of Operator Services

Buyer: CARMARTHENSHIRE COUNTY COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-039849

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## Summary

The Wales Pension Partnership (WPP) is in the process of appointing a regulated third-party operator to provide operator services for their ACS sub-fund requirements. The contracting authority, Carmarthenshire County Council, on behalf of the eight Constituent Authorities in Wales, began the open procurement procedure. The tender falls under the industry category of "Pension investment services" and its details indicate an active tender stage with a submission deadline of 20th November 2023. This contract is valued at £14,000,000 and the new contract is set to start around six months prior to the expiry of the current contract in December 2024 to ensure a smooth transition. Businesses must adhere to the selection criteria outlined in the procurement documents.

This tender presents significant opportunities for firms specialising in pension investment, pension fund consultancy, and pension management services. Companies capable of delivering comprehensive pension services, particularly in collaboration with other consortia, will find this contract especially lucrative. The terms include an initial contract period of five years and three months, with the possibility of extending up to two additional years. Given that WPP serves all eight local government pension scheme funds across Wales, the successful bidder will benefit from a long-term relationship with a major public sector client, thereby contributing to substantial business growth and stability.

## Notice

THIS IS A CONTRACT AWARD NOTICE - NOT A CURRENT OPPORTUNITY The Wales Pension Partnership ("WPP") was established in 2017. The WPP is a collaboration of the eight LGPS funds ("Constituent Authorities")* covering the whole of Wales and is one of eight national LGPS pools. The eight Constituent Authorities had an existing contract with Waystone Management (UK) Limited to provide regulated third party operator services for WPP. The current contract is due to expire in December 2024. The contracting authority (Carmarthenshire County Council), on behalf of each of the Constituent Authorities, conducted a procurement process to appoint a regulated third party operator for WPP's ACS sub fund requirements following expiry of that existing contract. *The eight Constituent Authorities are Carmarthenshire County Council (Host Authority), City and County of Swansea Council, City of Cardiff Council, Flintshire County Council, Cyngor Gwynedd, Powys County Council, Rhondda Cynon Taf County Borough Council and Torfaen County Borough Council. For further information in respect of WPP please see the following link - https://www.walespensionpartnership.org/ Further information can be found in the Procurement Documents at https://etenderwales.bravosolution.co.uk/

### Lot Information

Lot 1

The Wales Pension Partnership ("WPP") was established in 2017. The WPP is a collaboration of the eight LGPS funds ("Constituent Authorities")* covering the whole of Wales and is one of eight national LGPS pools. The eight Constituent Authorities have an existing contract with Waystone Management (UK) Limited to provide regulated third party operator services for WPP. The current contract is due to expire in December 2024. The contracting authority (Carmarthenshire County Council), on behalf of each of the Constituent Authorities, conducted a procurement process to appoint a regulated third party operator for WPP's ACS sub fund requirements following expiry of that existing contract. *The eight constituent authorities are Carmarthenshire County Council (Host Authority), City and County of Swansea Council, City of Cardiff Council, Flintshire County Council, Cyngor Gwynedd, Powys County Council, Rhondda Cynon Taf County Borough Council and Torfaen County Borough Council. For further information in respect of WPP please see the following link - https://www.walespensionpartnership.org/ Further information can be found in the Procurement Documents at https://etenderwales.bravosolution.co.uk/ Additional information: For further details on the Wales Pension Partnership please visit the following website: https://www.walespensionpartnership.org/

Renewal: The term of the Operator Agreement is for an initial term of five years and three months, followed by an option to extend for up to two further years. At any time prior to the end of the initial five year and three month term WPP may elect to extend the term of the Operator Agreement by up to two years.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/031017-2024 |
| Notice type | Planning Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Planning, Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 27 Sep 2024 |
| Submission deadline | 20 Nov 2023 |
| Future notice date | 31 Aug 2023 |
| Award date | 21 Apr 2024 |
| Contract period | Not specified |
| Recurrence | 12 months before contract end date |

## Values

| Field | Value |
| --- | --- |
| Tender value | £14,000,000 |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £14,000,000 |

## Status

| Field | Value |
| --- | --- |
| Tender status | Complete |
| Lots status | Cancelled |
| Awards status | Active |
| Contracts status | Active |

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | CARMARTHENSHIRE COUNTY COUNCIL |
| Locality | CARMARTHEN |
| Post town | Swansea |
| Postcode | SA31 1JP |
| Country | Wales |
| ITL 1 | TLL Wales |
| ITL 2 | TLL4 Mid and South West Wales |
| ITL 3 | TLL42 South West Wales |
| Local authority | Carmarthenshire |
| Electoral ward | Carmarthen Town North and South |
| Westminster constituency | Caerfyrddin |
| Delivery location | TLL14 South West Wales |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | WAYSTONE |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66131100 - Pension investment services
- 66141000 - Pension fund management services
- 66520000 - Pension services
- 66522000 - Group pension services
- 66523000 - Pension fund consultancy services

## Release History

- 27 Sep 2024 at 13:36 - Award - Award Notice - https://www.find-tender.service.gov.uk/Notice/031017-2024
- 16 Oct 2023 at 15:58 - Tender - Tender Notice - https://www.find-tender.service.gov.uk/Notice/030518-2023
- 17 Jan 2023 at 16:33 - Planning - Planning Notice - https://www.find-tender.service.gov.uk/Notice/001459-2023

## Notice URLs

- https://etenderwales.bravosolution.co.uk/
- https://etenderwales.bravosolution.co.uk/web/login.shtml
- https://www.carmarthenshire.gov.wales
- https://www.sell2wales.gov.wales/search/Search_AuthProfile.aspx?ID=AA0281
- https://www.walespensionpartnership.org/

## 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-h6vhtk-039849. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-039849.json.