Published date: 5 March 2018

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.


Closing: 21 March 2018

Contract summary

Industry

  • Financial and insurance services - 66000000

  • Business and management consultancy and related services - 79400000

Location of contract

North West

Value of contract

£0

Procurement reference

OLDH001-DN327102-12133141

Published date

5 March 2018

Closing date

21 March 2018

Contract start date

6 April 2018

Contract end date

2 July 2018

Contract type

Service contract

Procedure type

Other

Contract is suitable for SMEs?

Yes

Contract is suitable for VCSEs?

Yes

Description

The Council is seeking advice regarding employer administered Defined Contribution pension schemes. The current provider of such a scheme for employees in a private sector company in which the Council has an interest is withdrawing provision. The assistance of a specialist is required to provide advice to the Council so it is able to:
• Determine which firms are likely to be interested in providing a Defined Contribution (DC) pension scheme arrangement for a company employing c100-150 potential scheme members and what the fees/costs associated with such an arrangement are likely to be;
• Identify what legal/regulatory issues are pertinent to the selection and appointment of a reputable company capable of providing a DC pension scheme arrangement (e.g. new requirements regarding minimum contribution rates). The company concerned is also in a Teckal arrangement (which may change in future) and the Council requires advice as to whether this has any implications for the sourcing of a DC pension scheme;
• Identify alternative options if there is little or no market appetite for provision (for example, Nest);
• Determine what would constitute a reasonable 'package' to offer to employees in terms of pension provision including but not limited to employer contribution rates, the extent to which employer and employee contributions should be matched, whether additional items such as life cover should be included and the extent to which employees can access and manage their pension scheme details via the web. In the context of employee remuneration, advice is sought regarding what package represents a reasonable and competitive offer.

More information

Additional text

Please register on https://procontract.due-north.com/ and search for DN327102 to find details of the opportunity.

About the buyer

Contact name

Dan Cheetham

Address

Unit 13
Link Business Centre
Oldham
OL1 1DZ
England

Telephone

+44 1617703721

Email

dan.cheetham@oldham.gov.uk

Website

http://www.oldham.gov.uk/