A Multi-Provider Framework Agreement for the Provision of Additional Voluntary Contribution Services and Consultancy Services Associated with Additional Voluntary Contributions Primarily in Support of the Local Government Pension Scheme (LGPS)

A Contract Award Notice
by NORFOLK COUNTY COUNCIL

Source
Find a Tender
Type
Contract (Services)
Duration
not specified
Value
£1-£3M
Sector
BUSINESS
Published
01 Aug 2024
Delivery
not specified
Deadline
n/a

Concepts

Location

United Kingdom:

Geochart for 5 buyers and 7 suppliers

Description

Norfolk County Council (as Administering Authority for the Norfolk Pension Fund), on its own behalf and on behalf of Cheshire West and Chester Council (as Administering Authority of the Cheshire Pension Fund, Dumfries and Galloway Council (as Administering Authority of the Dumfries and Galloway Pension Fund), Glasgow City Council (as Administering Authority of the Strathclyde Pension Fund) and Leicestershire County Council (as Administering Authority of Leicestershire Pension Fund) sought to let a multi-lot, multi-provider framework agreement for the provision of Additional Voluntary Contribution Services and Consultancy Services Associated with Additional Voluntary Contributions primarily in support of the Local Government Pension Scheme (LGPS).

Lot Division

1 Additional Voluntary Contribution Services

The LGPS has a regulatory responsibility to offer an AVC facility for its scheme members. Each fund administers the LGPS for significant numbers of employers and multiple payroll providers. This lot is provides a replacement or an additional AVC facility for LGPS funds .

2 Consultancy Services associated with Additional Voluntary Contributions

To provide a wide range of advisory services in relation to Additional Voluntary Contribution Services.

Award Detail

1 Legal & General Assurance Society (London)
  • Additional Voluntary Contribution Services
  • Reference: 024078-2024-1
  • Value: £1 [share]
  • Awarded to group of suppliers.
2 Prudential Assurance (London)
  • Additional Voluntary Contribution Services
  • Reference: 024078-2024-1
  • Value: £1 [share]
  • Awarded to group of suppliers.
3 Barnett Waddingham (London)
  • Consultancy Services associated with Additional Voluntary Contributions
  • Reference: 024078-2024-2
  • Value: £3,000,000 [share]
  • Awarded to group of suppliers.
4 Lane Clark & Peacock (London)
  • Consultancy Services associated with Additional Voluntary Contributions
  • Reference: 024078-2024-2
  • Value: £3,000,000 [share]
  • Awarded to group of suppliers.
5 Mercer (Liverpool)
  • Consultancy Services associated with Additional Voluntary Contributions
  • Reference: 024078-2024-2
  • Value: £3,000,000 [share]
  • Awarded to group of suppliers.
6 Aon Investments (London)
  • Consultancy Services associated with Additional Voluntary Contributions
  • Reference: 024078-2024-2
  • Value: £3,000,000 [share]
  • Awarded to group of suppliers.
7 Hymans Robertson (London)
  • Consultancy Services associated with Additional Voluntary Contributions
  • Reference: 024078-2024-2
  • Value: £3,000,000 [share]
  • Awarded to group of suppliers.

Award Criteria

Quality 80
price 20

CPV Codes

  • 66520000 - Pension services
  • 66523000 - Pension fund consultancy services

Indicators

Other Information

** PREVIEW NOTICE, please check Find a Tender for full details. ** Please note the contract values are indicative as there is no guarantee of business. Lot 1 - there is no cost to contracting authorities as the contract sits between the scheme member and the AVC provider for which we have no visibility of costs on the agreements. Lot 2 - the expectation is that the value will be between £1,000,000 and £3,000,000 over the life of the framework. In addition to those listed in this notice, the framework may also be used by: • any LGPS administering authorities as defined in the Local Government Pension Scheme Regulations 2013 (SI 2013/2356) (as amended) including the firefighters' pension scheme and police pension schemes and any of their participating employing authorities, or in relation to the LGPS in Scotland, any administering authority and any of their scheme employers as defined in the Local Government Pension Scheme (Scotland) Regulations 2018 (SSI 2018/141) (as amended); • NILGOSC in Northern Ireland and employing authorities as defined in the Local Government Pension Scheme Regulations (Northern Ireland) 2014 SRNI/188 (as amended) • the Board of the Pension Protection Fund (http://www.pensionprotectionfund.org.uk) • any other administering authority or organisation of a public sector pension scheme or any public sector body or that requires pension related services; • any common asset pool or collective investment vehicle established by or on behalf of an administering authority or group of administering authorities; or • any bodies, organisations or companies established by them for the purpose of operating on a collective basis.

Reference

Domains