---
title: "SE Pension Scheme - Administrative, Actuarial and Ancillary Services (LOT1) and Investment Consulting Services (LOT2)"
ocid: "ocds-r6ebe6-0000629558"
canonical_url: "https://d3tenders.com/contract/?ocid=ocds-r6ebe6-0000629558"
markdown_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000629558.md"
json_url: "https://d3tenders.com/contract/ocds-r6ebe6-0000629558.json"
source: "Public Contracts Scotland"
current_stage: "Award"
buyer: "SCOTTISH ENTERPRISE"
published: "2020-12-21"
---

# SE Pension Scheme - Administrative, Actuarial and Ancillary Services (LOT1) and Investment Consulting Services (LOT2)

Buyer: SCOTTISH ENTERPRISE  
Current stage: Award  
OCID: ocds-r6ebe6-0000629558

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## Summary

The Scottish Enterprise is seeking tenders for the provision of Administrative, Actuarial, and Ancillary Services (LOT 1) and Investment Consulting Services (LOT 2) for the SE Pension Scheme. This procurement falls under the services category and will take place in Glasgow with contracts set for the period from 01 April 2021 to 31 March 2024, with an option to extend for an additional year. The procurement method is open, allowing interested parties to submit bids until the deadline of 26 October 2020, which is when the tender period concludes.

This tender offers significant opportunities for consulting firms with expertise in pension schemes and investment consulting. Businesses that specialise in actuarial services, pension administration, and investment advice, particularly those with experience in public sector schemes, would be well-suited to participate. The competitive landscape may be limited, providing a prime chance for established firms, especially those with the necessary qualifications and experience in servicing open defined benefit pension schemes, to secure long-term contracts with Scottish Enterprise.

## Notice

The purpose of this Invitation to Tender is to appoint one supplier to each of 2 Lots. The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of Actuarial, Administration and Ancillary Services (LOT 1) and Investment Consulting Services (LOT 2) for the period of 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months. - LOT 1 - Pensions - Administrative, Actuarial and Ancillary Services o Actuarial, including Scheme Actuary o Pension Administration o Scheme Accounting o General Consulting o Governance o Scheme Communications - LOT 2 - Pensions - Investment Consulting Service o Investment Consulting Interested parties may tender for either or both of the lots, however an individual submissions is required for each lot.

### Lot Information

LOT 1 - Pensions - Administrative, Actuarial and Ancillary Services

The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of Actuarial, Administration and Ancillary Services (LOT 1) for the period of 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months to 31 March 2025. This lot specifically covers the following services: o Actuarial, including Scheme Actuary o Pension Administration o Scheme Accounting o General Consulting o Governance o Scheme Communications

Renewal: Contract period of 36 months from 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months to 31 March 2025.

LOT 2 - Pensions - Investment Consulting Service

The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of Investment Consulting Services (LOT 2) for the period of 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months to 31 March 2025. This lot specifically covers the following services: o Investment Consulting

Renewal: Contract period of 36 months from 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months to 31 March 2025.

## Key Details

| Field | Value |
| --- | --- |
| Publication source | Public Contracts Scotland |
| Latest notice | https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC403243 |
| 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 | Large |
| All stages | Tender, Award |

## Dates

| Field | Value |
| --- | --- |
| Publication date | 21 Dec 2020 |
| Submission deadline | 26 Oct 2020 |
| Future notice date | Not specified |
| Award date | 4 Dec 2020 |
| Contract period | Not specified |
| Recurrence | Not specified |

## Values

| Field | Value |
| --- | --- |
| Tender value | £2,650,000 |
| Lots value | £2,650,000 |
| Awards value | Not specified |
| Contracts value | £2,094,220 |

## Status

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

## Buyer

| Field | Value |
| --- | --- |
| Main buyer | SCOTTISH ENTERPRISE |
| Additional buyers | SCOTTISH GOVERNMENT |
| Locality | GLASGOW |
| Post town | Glasgow |
| Postcode | G2 6HQ |
| Country | Scotland |
| ITL 1 | TLM Scotland |
| ITL 2 | TLM1 East Central Scotland |
| ITL 3 | TLM13 City of Edinburgh |
| Local authority | City of Edinburgh |
| Electoral ward | Sighthill/Gorgie |
| Westminster constituency | Edinburgh South West |
| Delivery location | TLM Scotland |

## Supplier

| Field | Value |
| --- | --- |
| Number of suppliers | 2 |
| Supplier names | HYMANS ROBERTSON; ISIO GROUP |

## 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
- 66523100 - Pension fund administration services

## Release History

- 21 Dec 2020 at 00:00 - Award - OJEU - F3 - Contract Award Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC403243
- 15 Sep 2020 at 00:00 - Tender - OJEU - F2 - Contract Notice - https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP395006

## Documents

- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP395006&idx=8
  17th September 2020 - Specification Annex F - Accounts to 31st March 2020
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP395006&idx=9
  17th September 2020 - Specification Annex G - Member Booklet (2020)
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP395006&idx=10
  17th September 2020 - Specification Annex H - AVS SOC 31 March 2017
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP395006&idx=11
  17th September 2020 - Specification Annex I - AVR 31 March 2017
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP395006&idx=3
  17th September 2020 - Specification Annex A - LOT 1 Additional Scope of Services Information
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP395006&idx=4
  17th September 2020 - Specification Annex B - IID 2019 (WIP)
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP395006&idx=5
  17th September 2020 - Specification Annex C - Pensions Update 2019 (includes AVR SFS 31 March 2017)
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP395006&idx=6
  17th September 2020 - Specification Annex D - AVR 31 March 2017 SFP
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP395006&idx=7
  17th September 2020 - Specification Annex E - SIP August 2019
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP395006&idx=2
  17th September 2020 - Appendix 10 - Supplier as a Controller & Processor, Risks & Mitigations
- https://www.publiccontractsscotland.gov.uk/NoticeDownload/DownloadDocument.aspx?id=SEP395006&idx=1
  17th September 2020 - P21-0025 - Invitation to Tender
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=SEP395006
  SE Pension Scheme - Administrative, Actuarial and Ancillary Services (LOT1) and Investment Consulting Services (LOT2) - The purpose of this Invitation to Tender is to appoint one supplier to each of 2 Lots. The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of Actuarial, Administration and Ancillary Services (LOT 1) and Investment Consulting Services (LOT 2) for the period of 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months. - LOT 1 - Pensions - Administrative, Actuarial and Ancillary Services o Actuarial, including Scheme Actuary o Pension Administration o Scheme Accounting o General Consulting o Governance o Scheme Communications - LOT 2 - Pensions - Investment Consulting Service o Investment Consulting Interested parties may tender for either or both of the lots, however an individual submissions is required for each lot.
- https://www.publiccontractsscotland.gov.uk/search/show/search_view.aspx?ID=DEC403243
  SE Pension Scheme - Administrative, Actuarial and Ancillary Services (LOT1) and Investment Consulting Services (LOT2) - The purpose of this Invitation to Tender is to appoint one supplier to each of 2 Lots. The Trustees of the Scottish Enterprise Pension and Life Assurance Scheme (the Scheme) are tendering for the provision of Actuarial, Administration and Ancillary Services (LOT 1) and Investment Consulting Services (LOT 2) for the period of 01 April 2021 to 31 March 2024 with the option to extend for a further 12 months. - LOT 1 - Pensions - Administrative, Actuarial and Ancillary Services o Actuarial, including Scheme Actuary o Pension Administration o Scheme Accounting o General Consulting o Governance o Scheme Communications - LOT 2 - Pensions - Investment Consulting Service o Investment Consulting Interested parties may tender for either or both of the lots, however an individual submissions is required for each lot.

## Notice URLs

- http://
- http://www.gov.scot/Topics/Government/Procurement/Selling/supplier-enquiries
- http://www.publiccontractsscotland.gov.uk
- http://www.scotland.gov.uk
- http://www.scottish-enterprise.com/
- https://api.publiccontractsscotland.gov.uk/v1/Notice?id=ocds-r6ebe6-0000629558
- https://www.scottish-enterprise.com/help/contact-us

## 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-r6ebe6-0000629558. The underlying structured data is available as OCDS JSON at https://d3tenders.com/contract/ocds-r6ebe6-0000629558.json.