Published date: 10 October 2019

This notice was replaced on 14 October 2019

This notice does not contain the most up-to-date information about this procurement. The most recent notice is:

Opportunity (published 14 October 2019, last edited 14 October 2019)

Awarded contract - This means that the contract has been awarded to a supplier.


Contract summary

Industry

  • Financial consultancy, financial transaction processing and clearing-house services - 66170000

  • Administrative social services - 85321000

Location of contract

East Midlands

Value of contract

£0

Procurement reference

LEICSCC001-DN418361-66450656

Published date

10 October 2019

Closing date

19 July 2019

Contract start date

1 September 2019

Contract end date

1 September 2021

Contract type

Service contract

Procedure type

Open procedure

Any interested supplier may submit a tender in response to an opportunity notice.

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The Council manages the finances of approximately 650 Service Users. The authority to manage the Service Users' finances comes from Court of Protection deputyship or from appointeeship, usually from the Department for Work & Pensions. The Council is responsible for the management of the Service Users' financial affairs. Under the Office of the Public Guardian's Deputy Standards the Council is required to seek independent financial advice, where appropriate to maximise the return on Service Users' savings, investments and any other assets.

The Council is seeking to procure a framework with up to three separate Suppliers. The Council requires a process whereby the Supplier(s) is enabled to provide expert independent financial advice and procure relevant financial products as required. Specialist advice and support will be required for Service Users with portfolios of over £20,000. One general quarterly briefing is also required free of charge to assist the Council in making investment decisions on behalf of its Service Users with individual portfolios below £20,000.

More information

Previous notice about this procurement

Independent Financial Advice Framework

  • Opportunity
  • Published 25 June 2019

Award information

Awarded date

22 August 2019

Contract start date

1 September 2019

Contract end date

1 September 2021

Total value of contract

£50,000

This contract was awarded to 1 supplier.

Samra Wealth Managment Partner of ST James Wealth Managment PLC

Address

NG9 2NR

Reference

None

Supplier is SME?

Yes

Supplier is VCSE?

Yes

About the buyer

Contact name

Charlotte Highcock

Address

County Hall
Leicester Road, Glenfield
Leicester
LE3 8RA
England

Telephone

+44 1163052043

Email

Charlotte.Highcock@leics.gov.uk

Website

http://www.leicestershire.gov.uk