Published date: 15 November 2024

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


Closing: 3 June 2024, 11:59pm

Contract summary

Industry

  • Pension fund administration services - 66523100

  • Supply services of personnel including temporary staff - 79620000

Location of contract

South East

Value of contract

£349,800

Procurement reference

IOW001-DN725627-18127417

Published date

15 November 2024

Closing date

3 June 2024

Closing time

11:59pm

Contract start date

5 June 2024

Contract end date

31 May 2025

Contract type

Service contract

Procedure type

Award of contract without prior publication of a contract notice

Contract is suitable for SMEs?

No

Contract is suitable for VCSEs?

No

Description

Pension Administration Support for 12 month period in relation to the Isle of Wight Council Pension Fund. Provision of up to 120 hours of senior pension administrator per month, to be used as required, to support business-as-usual administration tasks and/or project administration and/or training in relation to the pension fund over the next twelve months.

This urgent need has been created due to several experienced members of staff from the Authority's pension fund administration team leaving the authority over the last 12 months. A recruitment campaign has been carried out however this was unsuccessful. This contract is needed whilst an internal review and re-structure takes place. During this time specialist knowledge of Local Government Pension Schemes (LGPS) is required. There are very few suppliers that can provide LGPS support services and this supplier has a dedicated team and already understand the Isle of Wight Council's Pension scheme as have been proving temporary support under an existing contract.

A VEAT notice was published in Find a Tender Service (2024/S 000-016446)and the Isle of Wight Council observed a 10 day standstill period which ended at midnight on 3 June 2024. An award notice was also published: 2024/S 000-017343

Award information

Awarded date

4 June 2024

Contract start date

5 June 2024

Contract end date

31 May 2025

Total value of contract

£349,800

This contract was awarded to 1 supplier.

Hymans Robertson LLP

Address

One London Wall, London, EC2Y 5EA

Reference

None

Supplier is SME?

No

Supplier is VCSE?

No

About the buyer

Contact name

Vanessa Squibb

Address

County Hall
High Street
Newport
PO30 1UD
United Kingdom

Telephone

+44 1983821000

Email

vanessa.squibb@iow.gov.uk

Website

http://www.iow.gov.uk