Sunderland City Council · Awarded contract
Awarded

Provision of a Salary Sacrifice Additional Voluntary Contribution (AVC) Scheme for Local Government Pension Scheme Members

Awarded 01 Feb 2022

View live tenders
Awarded01 Feb 2022
Value£119,600.00
SupplierAVC Wise Ltd
RegionUnited Kingdom
CategoryFinance & Insurance
Ended 1y 9mo ago3y term
Awarded 1 Feb 2022Expired 1 Feb 2025

Sunderland City Council awarded a contract to AVC Wise Ltd for the provision of a salary sacrifice Additional Voluntary Contribution (AVC) scheme for Local Government Pension Scheme members.

The contract, valued at £119,600, involves a fully managed solution including a dedicated website with an administration facility to manage employee applications and salary sacrifice data.

The purpose is to implement and promote a new salary sacrifice AVC scheme to increase participation, as the existing standard AVC scheme with Prudential had low take-up and was not generally promoted.

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