---
title: "Pension Fund: Investment Consultancy"
ocid: "ocds-h6vhtk-05595b"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-h6vhtk-05595b"
markdown_url: "https://d3tenders.com/contract/ocds-h6vhtk-05595b.md"
json_url: "https://d3tenders.com/contract/ocds-h6vhtk-05595b.json"
source: "Find A Tender Service"
current_stage: "Award"
buyer: "ISLE OF WIGHT COUNCIL"
published: "2026-01-29"
---

# Pension Fund: Investment Consultancy

Buyer: ISLE OF WIGHT COUNCIL  
Current stage: Award  
OCID: ocds-h6vhtk-05595b

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## Summary

The Isle of Wight Council has concluded a public procurement process for the "Pension Fund: Investment Consultancy" contract in the services industry category. The procurement pertains to the investment consultancy services for the Isle of Wight Pension Fund, located in Newport, United Kingdom. This contract, managed under a direct award method, is designed as a short-term 12-month consultancy to bridge services until a full tender process is feasible. Significant considerations include the government’s proposed changes, necessitating the continuation of services without disruption. The contract, valued at £250,000 and set between 18 July 2025 and 17 July 2026, was signed on 17 July 2025 and awarded to Hymans Robertson LLP, indicating completion and an active status with this supplier.

This tender offers substantial opportunities for firms specializing in pension fund management services. The direct award underscores a critical need for continuity and expertise, which favours businesses already adept with the specific requirements of pension fund consultancy. Companies like Hymans Robertson LLP, which have maintained a significant depth of knowledge in dealing with governmental and sub-central public authority contracts, are well-positioned to leverage this contract for business growth. Businesses proficient in navigating the complexities of public sector procurement and possessing existing capabilities in managing similar consultancy contracts will find competitive advantages in fulfilling such contractual requirements.

## Notice

Short term 12-month investment consultancy contract, based on the terms of the existing contract to allow continuation of services until a full formal tender process can be run and the outcome of the Government's Fit For Future consultation is known including the implications on the Fund's investment advice going forward.

### Procurement Information

The Authority has a contract with Hymans Robertson for the provision of Investment Consultancy Services since 10 July 2018 that is expiring on 9 July 2025 let via LGPS Investment Management Consultancy Services Framework . The average annual spend over this period was PS250833.00 (Ex VAT). The Authority intends to direct award a 12 month contract to the current supplier. The Authority is direct awarding to the current supplier as using a different supplier during the middle of the valuation would disrupt continuity and potentially increase costs due to duplication of existing work that has already started, therefore this is the only supplier that can continue with this. The significant changes being proposed by the Government, which need to be implemented by March 2026, do not allow time for a new suppler to gain sufficient depth of knowledge and/or understanding about the Isle of Wight Pension Fund. The Government's proposed timetables for introducing change, with in-principle decisions to be made by September 2025 by the Fund, regarding the Fund's partner investment pool company, also do not allow time to on-board any new supplier and ensure continuity of services.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Find A Tender Service |
| Latest notice | https://www.find-tender.service.gov.uk/Notice/008237-2026 |
| Notice type | UK7 - Contract Details Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Direct |
| Procurement method details | Direct award |
| Tender suitability | Not specified |
| Awardee scale | Large |
| All stages | Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 29 Jan 2026 |
| Submission deadline | Not specified |
| Future notice date | Not specified |
| Award date | 3 Jul 2025 |
| Contract period | 17 Jul 2025 - 17 Jul 2026 |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | £250,000 |
| Contracts value | £250,000 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | ISLE OF WIGHT COUNCIL |
| Locality | NEWPORT |
| Post town | Portsmouth |
| Postcode | PO30 1UD |
| Country | England |
| ITL 1 | TLJ South East (England) |
| ITL 2 | TLJ3 Hampshire and Isle of Wight |
| ITL 3 | TLJ34 Isle of Wight |
| Local authority | Isle of Wight |
| Electoral ward | Newport Central |
| Westminster constituency | Isle of Wight West |
| Delivery location | Not specified |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | HYMANS ROBERTSON |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66141000 - Pension fund management services

## Release History

- 29 Jan 2026 at 17:14 - Award - UK7 - Contract Details Notice - https://www.find-tender.service.gov.uk/Notice/008237-2026
- 4 Jul 2025 at 14:34 - Award - UK6 - Contract Award Notice - https://www.find-tender.service.gov.uk/Notice/037524-2025
- 4 Jul 2025 at 14:24 - Award - UK5 - Transparency Notice - https://www.find-tender.service.gov.uk/Notice/037515-2025

## Documents

- https://www.find-tender.service.gov.uk/Notice/008237-2026
  29th January 2026 - Contract details notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/037524-2025
  4th July 2025 - Contract award notice on Find a Tender
- https://www.find-tender.service.gov.uk/Notice/037515-2025
  4th July 2025 - Transparency notice on Find a Tender

## Notice URLs

- http://www.hymans.co.uk
- http://www.iow.gov.uk
- https://www.legislation.gov.uk/ukpga/2023/54/contents

## 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-05595b. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-h6vhtk-05595b.json.