Tender Summary

Provision of pension governance services

Buying Organisation

LEGAL SERVICES BOARD

Contract Value

£10,750

Suitable for SMEs

Yes

Suitable for VCSEs

Yes

Tender 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
tenders@legalservicesboard.org.uk . Submissions submitted to other addresses or
beyond this time will not be accepted.

The full ITT is attached to this notice.

Tender categories (products & services required)

Pension fund consultancy services (CPV 66523000)

Region

United Kingdom (UK)

Buyer Information