Contract

A Multi-Provider Framework Agreement for the Provision of Additional Voluntary Contribution Services and Consultancy Services Associated with Additional Voluntary Contributions Primarily in Support of the Local Government Pension Scheme (LGPS)

  • NORFOLK COUNTY COUNCIL

F20: Modification notice

Notice identifier: 2024/S 000-024415

Procurement identifier (OCID): ocds-h6vhtk-03e120

Published 5 August 2024, 8:14am



Section one: Contracting authority/entity

one.1) Name and addresses

NORFOLK COUNTY COUNCIL

Martineau Lane

NORWICH

NR12DH

Email

sourcingteam@norfolk.gov.uk

Country

United Kingdom

Region code

UKH15 - Norwich and East Norfolk

Justification for not providing organisation identifier

Not on any register

Internet address(es)

Main address

www.norfolk.gov.uk


Section two: Object

two.1) Scope of the procurement

two.1.1) Title

A Multi-Provider Framework Agreement for the Provision of Additional Voluntary Contribution Services and Consultancy Services Associated with Additional Voluntary Contributions Primarily in Support of the Local Government Pension Scheme (LGPS)

Reference number

NCCT42660

two.1.2) Main CPV code

  • 66520000 - Pension services

two.1.3) Type of contract

Services

two.2) Description

two.2.1) Title

Consultancy Services associated with Additional Voluntary Contributions

Lot No

2

two.2.2) Additional CPV code(s)

  • 66523000 - Pension fund consultancy services

two.2.3) Place of performance

NUTS codes
  • UK - United Kingdom

two.2.4) Description of the procurement at the time of conclusion of the contract:

To provide a wide range of advisory services in relation to Additional Voluntary Contribution Services.

two.2.7) Duration of the contract, framework agreement, dynamic purchasing system or concession

Duration in months

48


Section four. Procedure

four.2) Administrative information

four.2.1) Contract award notice concerning this contract

Notice number: 2024/S 000-024078


Section five. Award of contract/concession

Contract No

NCCT42660

Lot No

2

Title

Consultancy Services associated with Additional Voluntary Contributions

five.2) Award of contract/concession

five.2.1) Date of conclusion of the contract/concession award decision:

1 May 2024

five.2.2) Information about tenders

The contract/concession has been awarded to a group of economic operators: Yes

five.2.3) Name and address of the contractor/concessionaire

Barnett Waddingham LLP

London

Country

United Kingdom

NUTS code
  • UKI - London
Companies House

OC307678

The contractor/concessionaire is an SME

No

five.2.3) Name and address of the contractor/concessionaire

Lane, Clark & Peacock LLP

London

Country

United Kingdom

NUTS code
  • UKI - London
Companies House

OC301436

The contractor/concessionaire is an SME

No

five.2.3) Name and address of the contractor/concessionaire

Mercer Ltd

Liverpool

Country

United Kingdom

NUTS code
  • UKD72 - Liverpool
Companies House

00984275

The contractor/concessionaire is an SME

No

five.2.3) Name and address of the contractor/concessionaire

Aon Investments Ltd

London

Country

United Kingdom

NUTS code
  • UKI - London
Companies House

5913159

The contractor/concessionaire is an SME

No

five.2.3) Name and address of the contractor/concessionaire

Hymans Robertson LLP

London

Country

United Kingdom

NUTS code
  • UKI - London
Companies House

OC310282

The contractor/concessionaire is an SME

No

five.2.4) Information on value of the contract/lot/concession (at the time of conclusion of the contract;excluding VAT)

Total value of the procurement: £3,000,000


Section six. Complementary information

six.3) Additional information

Please note the contract values are indicative as there is no guarantee of business.

Lot 1 - there is no cost to contracting authorities as the contract sits between the scheme member and the AVC provider for which we have no visibility of costs on the agreements.

Lot 2 - the expectation is that the value will be between £1,000,000 and £3,000,000 over the life of the framework.

In addition to those listed in this notice, the framework may also be used by:

• any LGPS administering authorities as defined in the Local Government Pension Scheme Regulations 2013 (SI 2013/2356) (as amended) including the firefighters' pension scheme and police pension schemes and any of their participating employing authorities, or in relation to the LGPS in Scotland, any administering authority and any of their scheme employers as defined in the Local Government Pension Scheme (Scotland) Regulations 2018 (SSI 2018/141) (as amended);

• NILGOSC in Northern Ireland and employing authorities as defined in the Local Government Pension Scheme Regulations (Northern Ireland) 2014 SRNI/188 (as amended)

• the Board of the Pension Protection Fund (http://www.pensionprotectionfund.org.uk)

• any other administering authority or organisation of a public sector pension scheme or any public sector body or that requires pension related services;

• any common asset pool or collective investment vehicle established by or on behalf of an administering authority or group of administering authorities; or

• any bodies, organisations or companies established by them for the purpose of operating on a collective basis.

six.4) Procedures for review

six.4.1) Review body

nplaw

Norwich

Country

United Kingdom


Section seven: Modifications to the contract/concession

seven.1) Description of the procurement after the modifications

seven.1.1) Main CPV code

  • 66523000 - Pension fund consultancy services

seven.1.3) Place of performance

NUTS code
  • UK - United Kingdom

seven.1.4) Description of the procurement:

To provide a wide range of advisory services in relation to Additional Voluntary Contribution Services.

seven.1.5) Duration of the contract, framework agreement, dynamic purchasing system or concession

Duration in months

48

seven.1.6) Information on value of the contract/lot/concession (excluding VAT)

Total value of the contract/lot/concession:

£3,000,000

seven.1.7) Name and address of the contractor/concessionaire

Lane, Clark & Peacock LLP

London

Country

United Kingdom

NUTS code
  • UKI - London
Companies House

OC301436

The contractor/concessionaire is an SME

No

seven.1.7) Name and address of the contractor/concessionaire

Barnett Waddingham LLP

London

Country

United Kingdom

NUTS code
  • UKI - London
Companies House

OC307678

The contractor/concessionaire is an SME

No

seven.1.7) Name and address of the contractor/concessionaire

Mercer Ltd

Liverpool

Country

United Kingdom

NUTS code
  • UKD72 - Liverpool
Companies House

00984275

The contractor/concessionaire is an SME

No

seven.1.7) Name and address of the contractor/concessionaire

Aon Investments Ltd

London

Country

United Kingdom

NUTS code
  • UKI - London
Companies House

5913159

The contractor/concessionaire is an SME

No

seven.1.7) Name and address of the contractor/concessionaire

Hymans Robertson LLP

London

Country

United Kingdom

NUTS code
  • UKI - London
Companies House

OC310282

The contractor/concessionaire is an SME

No

seven.2) Information about modifications

seven.2.1) Description of the modifications

Nature and extent of the modifications (with indication of possible earlier changes to the contract):

Lane, Clark & Peacock LLP not appointed to the Framework Agreement.

seven.2.2) Reasons for modification

Need for modification brought about by circumstances which a diligent contracting authority/entity could not foresee.

Description of the circumstances which rendered the modification necessary and explanation of the unforeseen nature of these circumstances:

Lane, Clark & Peacock LLP were unable to agree to the terms and conditions and therefore not appointed to the framework agreement.

seven.2.3) Increase in price

Updated total contract value before the modifications (taking into account possible earlier contract modifications, price adaptions and average inflation)

Value excluding VAT: £3,000,000

Total contract value after the modifications

Value excluding VAT: £3,000,000