Isle of Wight Council · Awarded contract
Awarded

Pension Administration Support for Isle of Wight Council Pension Fund

Awarded 04 Jun 2024

View live tenders
Awarded04 Jun 2024
Value£349,800.00
SupplierHymans Robertson LLP
AgencyIsle of Wight Council
RegionSouth East
CategoryFinance & Insurance
Ended 1y 5mo ago12mo term
Awarded 4 June 2024Expired 30 May 2025

About

Isle of Wight Council awarded a contract to Hymans Robertson LLP for pension administration support for a 12-month period in relation to the Isle of Wight Council Pension Fund.

The contract provides up to 120 hours per month of senior pension administrator time to support business-as-usual administration tasks, project administration, and training.

This urgent need arose due to the departure of several experienced staff from the Authority's pension fund administration team over the last 12 months, and an unsuccessful recruitment campaign.

The contract is needed whilst an internal review and re-structure takes place, requiring specialist knowledge of Local Government Pension Schemes (LGPS).

Hymans Robertson LLP has a dedicated team and already understands the Isle of Wight Council's Pension scheme, having provided 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.

The contract value is AUD 349,800.

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