Provision of pension governance services
Legal Services Board · London
Key facts
- Estimated value
- £10,750
- Closing date
- 31 Aug 2023
- Contract starts
- 01 Nov 2023
- Contract ends
- 31 Oct 2026
- Procedure
- Open procedure (below threshold)
- Buyer type
- Central government
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 [email protected] . Submissions submitted to other addresses or beyond this time will not be accepted.
The full ITT is attached to this notice.
Categories (CPV)
- 66523000 Pension fund consultancy services
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