Published date: 11 August 2023
Closed opportunity - This means that the contract is currently closed. The buying department may be considering suppliers that have already applied, or no suitable offers were made.
Contract summary
Industry
Pension fund consultancy services - 66523000
Location of contract
WC1A 1DE
Value of contract
£10,750
Procurement reference
LSB Pension governance
Published date
11 August 2023
Closing date
31 August 2023
Closing time
11:59pm
Contract start date
1 November 2023
Contract end date
31 October 2026
Contract type
Service contract
Procedure type
Open procedure (below threshold)
Any interested supplier may submit a tender in response to an opportunity notice.
This procedure can be used for procurements below the relevant contract value threshold.
Contract is suitable for SMEs?
Yes
Contract is suitable for VCSEs?
No
Description
The Legal Services Board (LSB) is looking to appoint a suitably qualified provider of
pension governance services. As a very small organisation, we do not have in-house
pension expertise.
We are looking for a supplier who can work in partnership with the LSB to deliver
pension governance and associated services to a high standard.
Our aim is to appoint a supplier to provide pension governance services to the LSB for
an initial term of three years, from 1 November 2023 and 31 October 2026 with the
potential for an extension.
Specification of services required (this will form part of the Contract)
• Annual Pension Governance report including: (a) Evaluation of pension
scheme performance in the past year (to 30 June) and benchmarking to
comparator performance in the pension market, and (b) Recommendation of
external pension provider.
• Remuneration Committee (RNC) presentation in February annually.
• Meeting with the executive pension committee in January (CEO, Director of
Enabling Services, Head of Finance and IT, and HR lead).
• Available to answer queries once the Pension Governance report has been
prepared (approx.one/two hours needed).
• Annual Pensions presentation to all LSB colleagues (annually in March).
• Annual one-to-one sessions with LSB colleagues on request (annually in
March).
• Review and update of LSB pensions booklet and admin forms periodically
(approximately every two years).
• Participate in any internal or external audit of LSB pension arrangements as
required
A tender is required which should include method statements, but not be limited to:
• A description of how you would work with us.
• A description of how you will meet the service specification requirements
listed above. A fully costed proposal with fixed and variable costs,
including VAT. Where possible this should be broken down into annual or
one-off costs, including any set up fees.
• Completion of the Supplier form and EDI form.
All tender submissions should be submitted by 23.59pmon 31 August 2023 to
tenders@legalservicesboard.org.uk . Submissions submitted to other addresses or
beyond this time will not be accepted.
The full ITT is attached to this notice.
About the buyer
Contact name
Nicola Galiana
Address
2 Dyott Street
LONDON
WC2B4AN
England
nicola.galiana@legalservicesboard.org.uk
Website
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Closing: 31 August 2023, 11:59pm
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