---
title: "Pension Support Services"
ocid: "ocds-r6ebe6-0000564880"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000564880"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000564880.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000564880.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "HIGHLANDS AND ISLANDS ENTERPRISE ON BEHALF OF THE BOARD OF TRUSTEES OF THE HIE SUPERANNUATION SCHEME"
published: "2019-05-07"
---

# Pension Support Services

Buyer: HIGHLANDS AND ISLANDS ENTERPRISE ON BEHALF OF THE BOARD OF TRUSTEES OF THE HIE SUPERANNUATION SCHEME  
Current stage: Award  
OCID: ocds-r6ebe6-0000564880

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## Summary

The procurement process for the Pension Support Services contract was initiated by Highlands and Islands Enterprise on behalf of The Board of Trustees of the HIE Superannuation Scheme. The tender is classified under pension services, located in Inverness, UK. This open procurement method entails a complete process, with the bid opening having taken place on 5th February 2019. Contracts are expected to be active for an initial period of 3 years with a total estimated value of between GBP 600,000 and GBP 645,000 (excluding VAT) for core service elements, with the potential for renewal.

This tender presents significant opportunities for businesses in the financial and pension services sectors, particularly those capable of providing administration, actuarial, and investment services. SMEs with experience in public sector contracts, as well as firms compliant with financial regulatory standards, would be well-positioned to compete. Bidders should demonstrate not only past performance but also the ability to meet stringent insurance and regulatory requirements, making this an appealing opportunity for qualified businesses looking to expand their portfolio within public procurement.

## Notice

This is a single contract to provide pension support to cover administration, actuarial and investment services. Note, although this procurement process was run by HIE, the contract was awarded by the Board of Trustees of Highlands and Islands Superannuation Scheme.

### Lot Information

Lot 1

The initial 3 year budget currently available to deliver the core elements of the service is between GBP600,000 and GBP645,000 (excluding VAT).. Economic operators may be excluded from this competition if they are in any of the situations referred to in Regulation 58 of the Public Contracts (Scotland) Regulations 2015.

Options: The Trustees reserve the right, on giving reasonable written notice from time to time, to require changes to the Services (whether by way of the removal of Services, the addition of new Services, or increasing or decreasing the Services or specifying the order in which the Services are to be performed). The Trustees shall not require any such change other than where it is permitted by Regulation 72 of the Public Contracts (Scotland) Regulations 2015.

Renewal: It is expected that these services will be required from May 2019 for an initial period of 3 years with the Trustees having the option to extend for a period or periods together not exceeding 1 calendar year following the Initial Term.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY353605 |
| Notice type | OJEU - F3 - Contract Award Notice |
| Procurement type | Standard |
| Procurement category | Services |
| Procurement method | Open |
| Procurement method details | Open procedure |
| Tender suitability | Not specified |
| Awardee scale | SME |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 7 May 2019 |
| Submission deadline | 5 Feb 2019 |
| Future notice date | Not specified |
| Award date | 9 Apr 2019 |
| Contract period | Not specified |
| Recurrence | The Trustees reserve the right to re-tender for these services upon termination of the contract or at the end of the contract period, including any extension period. |

## Values

| Field | Value |
| --- | --- |
| Tender value | Not specified |
| Lots value | Not specified |
| Awards value | Not specified |
| Contracts value | £700,096 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | HIGHLANDS AND ISLANDS ENTERPRISE ON BEHALF OF THE BOARD OF TRUSTEES OF THE HIE SUPERANNUATION SCHEME |
| Additional buyers | HIGHLANDS AND ISLANDS ENTERPRISE |
| Locality | INVERNESS |
| Post town | Inverness |
| Postcode | IV2 5NA |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM2 Highlands and Islands |
| ITL 3 | TLM20 Highlands and Islands |
| Local authority | Highland |
| Electoral ward | Inverness South |
| Westminster constituency | Inverness, Skye and West Ross-shire |
| Delivery location | TLM6 Highlands and Islands |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 1 |
| Supplier names | SPENCE & PARTNERS |

## CPV Codes

### Divisions

- 66 - Financial and insurance services

### Codes

- 66520000 - Pension services

## Release History

- 7 May 2019 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY353605
- 13 Dec 2018 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC340051

## Documents

- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=3
  22nd January 2019 - Pricing Proforma
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=17
  22nd January 2019 - Pricing Proforma
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=16
  15th January 2019 - Statement of Funding Principles
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=12
  9th January 2019 - Statement of Investment Principles
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=15
  9th January 2019 - Statement of Investment Principles
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=14
  17th December 2018 - 2018 Accounts
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=13
  17th December 2018 - Trustee Newsletter
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=11
  17th December 2018 - HIE Pension Scheme Booklet
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=10
  17th December 2018 - CDS Collaboration Flyer
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=1
  17th December 2018 - Scope of Requirements
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=2
  17th December 2018 - Award criteria response Form
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=4
  17th December 2018 - Cyber Security Questionnaire
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=5
  17th December 2018 - SLA spreadsheet
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=6
  17th December 2018 - Terms and Conditions
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=7
  17th December 2018 - Non scored questions
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=8
  17th December 2018 - Non scored forms for signature
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=DEC340051&idx=9
  17th December 2018 - HIE Conflicts of Interest policy
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC340051
  Pension Support Services - This is a single contract to provide pension support to cover administration, actuarial and investment services. Note, although this procurement process will be run by HIE, the contract will be awarded by the Board of Trustees of Highlands and Islands Superannuation Scheme.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=MAY353605
  Pension Support Services - This is a single contract to provide pension support to cover administration, actuarial and investment services. Note, although this procurement process was run by HIE, the contract was awarded by the Board of Trustees of Highlands and Islands Superannuation Scheme.

## Notice URLs

- http://
- http://www.hie.co.uk
- http://www.hse.gov.uk/pubns/hse40.pdf
- http://www.publiccontractsscotland.gov.uk
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000564880
- https://www.fca.org.uk/firms/financial-services-register

## 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-r6ebe6-0000564880. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000564880.json.