Pension Fund Consultancy for Pension Scheme

Pension Fund Consultancy for Pension Scheme

Actuarial, Pension and DC Investment Consultancy Services for University of Reading’s Pension Schemes.

United Kingdom-Reading: Pension fund consultancy services

2015/S 150-277357

Contract notice

Services

Directive 2004/18/EC

Section I: Contracting authority

I.1)Name, addresses and contact point(s)

University of Reading
Whiteknights
Contact point(s): Documents must be downloaded from our web site
For the attention of: Chriss Harrison
RG6 6AH Reading
UNITED KINGDOM
Telephone: +44 1183788305
E-mail: procurement@reading.ac.uk
Fax: +44 1183786709

Internet address(es):

General address of the contracting authority: www.reading.ac.uk/procurement

Address of the buyer profile: https://in-tendhost.co.uk/theuniversityofreading

Further information can be obtained from: The above mentioned contact point(s)

Specifications and additional documents (including documents for competitive dialogue and a dynamic purchasing system) can be obtained from: The above mentioned contact point(s)

Tenders or requests to participate must be sent to: The above mentioned contact point(s)

I.2)Type of the contracting authority

Body governed by public law

I.3)Main activity

Education

I.4)Contract award on behalf of other contracting authorities

The contracting authority is purchasing on behalf of other contracting authorities: no

Section II: Object of the contract

II.1)Description

II.1.1)Title attributed to the contract by the contracting authority:

Actuarial, Pension and DC Investment Consultancy Services for University of Reading’s Pension Schemes.

II.1.2)Type of contract and location of works, place of delivery or of performance

Services
Service category No 6a:
Main site or location of works, place of delivery or of performance: Reading.

NUTS code UKJ11

II.1.3)Information about a public contract, a framework agreement or a dynamic purchasing system (DPS)

The notice involves a public contract
II.1.4)Information on framework agreement

II.1.5)Short description of the contract or purchase(s)

The University of Reading is seeking to appoint one or more companies to provide the relevant professional pensions consultancy, actuarial services and DC investment consultancy services to its 2 pension schemes.
The tender comprises three lots and bidders may bid for 1 or more of these lots:
Lot 1 — Actuarial and Pensions Consultancy Services for the University of Reading Employees Pension Fund (UREPF)
Lot 2 — DC Pensions Consultancy to the University of Reading Pension Scheme (URPS)
Lot 3 — DC Investment Consultancy to the University of Reading Pension Scheme (URPS)
Lot 4 — Actuarial and Pensions Consultancy Services for the University of Reading (Employer).

II.1.6)Common procurement vocabulary (CPV)

66523000

II.1.7)Information about Government Procurement Agreement (GPA)

The contract is covered by the Government Procurement Agreement (GPA): no

II.1.8)Lots

This contract is divided into lots: yes
Tenders may be submitted for one or more lots

II.1.9)Information about variants

Variants will be accepted: no
II.2)Quantity or scope of the contract

II.2.1)Total quantity or scope:

Contract with Lots:
Lot 1 — Actuarial and Pensions Consultancy Services for the University of Reading Employees Pension Fund (UREPF)
Lot 2 — DC Pensions Consultancy to the University of Reading Pension Scheme (URPS)
Lot 3 — DC Investment Consultancy to the University of Reading Pension Scheme (URPS)
Lot 4 — Actuarial and Pensions Consultancy Services for the University of Reading (Employer).
Estimated value excluding VAT:
Range: between 1 000 000 and 1 600 000 GBP

II.2.2)Information about options

Options: no
II.2.3)Information about renewals

II.3)Duration of the contract or time limit for completion

Starting 1.4.2016. Completion 31.3.2020

Information about lots

Lot No: 1Lot title: Actuarial and Consultancy Services for the University of Reading Employees’ Pension Fund (UREPF)

1)Short description

Professional advisers for the delivery of pension scheme actuarial and pensions consultancy services.

2)Common procurement vocabulary (CPV)

66523000

3)Quantity or scope
4)Indication about different date for duration of contract or starting/completion
5)Additional information about lots

Lot No: 2Lot title: DC Pensions Consultancy to the University of Reading Pension Scheme (URPS)

1)Short description

Consultancy to defined contribution scheme.

2)Common procurement vocabulary (CPV)

66523000

3)Quantity or scope
4)Indication about different date for duration of contract or starting/completion
5)Additional information about lots

Lot No: 3Lot title: DC Investment Consultancy to the University of Reading Pension Scheme (URPS)

1)Short description

Direct contribution investment consultancy.

2)Common procurement vocabulary (CPV)

66523000

3)Quantity or scope
4)Indication about different date for duration of contract or starting/completion
5)Additional information about lots

Lot No: 4Lot title: Actuarial and Pensions Consultancy Services for the University of Reading (employer)

1)Short description

Actuarial services, general pensions consultancy, financial planning/financial eduction.

2)Common procurement vocabulary (CPV)

66523000

3)Quantity or scope
4)Indication about different date for duration of contract or starting/completion
5)Additional information about lots

Section III: Legal, economic, financial and technical information

III.1)Conditions relating to the contract
III.1.1)Deposits and guarantees required:
III.1.2)Main financing conditions and payment arrangements and/or reference to the relevant provisions governing them:
III.1.3)Legal form to be taken by the group of economic operators to whom the contract is to be awarded:

III.1.4)Other particular conditions

The performance of the contract is subject to particular conditions: no
III.2)Conditions for participation

III.2.1)Personal situation of economic operators, including requirements relating to enrolment on professional or trade registers

Information and formalities necessary for evaluating if the requirements are met: As detailed in the Invitation to Tender.

III.2.2)Economic and financial ability

Information and formalities necessary for evaluating if the requirements are met: As detailed in the Invitation to Tender.
Minimum level(s) of standards possibly required: As detailed in the Invitation to Tender.

III.2.3)Technical capacity

Information and formalities necessary for evaluating if the requirements are met:
As detailed in the Invitation to Tender.
Minimum level(s) of standards possibly required:
As detailed in the Invitation to Tender.
III.2.4)Information about reserved contracts
III.3)Conditions specific to services contracts

III.3.1)Information about a particular profession

Execution of the service is reserved to a particular profession: yes
Reference to the relevant law, regulation or administrative provision: FCA Regulated.

III.3.2)Staff responsible for the execution of the service

Legal persons should indicate the names and professional qualifications of the staff responsible for the execution of the service: no

Section IV: Procedure

IV.1)Type of procedure

IV.1.1)Type of procedure

Restricted

IV.1.2)Limitations on the number of operators who will be invited to tender or to participate

Envisaged minimum number 5
Objective criteria for choosing the limited number of candidates: Minimum 5 bidders (per lot) provided that the minimum number of qualified bidders are available.
IV.1.3)Reduction of the number of operators during the negotiation or dialogue
IV.2)Award criteria

IV.2.1)Award criteria

The most economically advantageous tender in terms of the criteria stated in the specifications, in the invitation to tender or to negotiate or in the descriptive document

IV.2.2)Information about electronic auction

An electronic auction will be used: no
IV.3)Administrative information

IV.3.1)File reference number attributed by the contracting authority:

UOR/PEN/15/348

IV.3.2)Previous publication(s) concerning the same contract

no

IV.3.3)Conditions for obtaining specifications and additional documents or descriptive document

Payable documents: no

IV.3.4)Time limit for receipt of tenders or requests to participate

2.9.2015 – 12:00

IV.3.5)Date of dispatch of invitations to tender or to participate to selected candidates

21.9.2015

IV.3.6)Language(s) in which tenders or requests to participate may be drawn up

English.
IV.3.7)Minimum time frame during which the tenderer must maintain the tender

IV.3.8)Conditions for opening of tenders

Date: 16.10.2015 – 12:00

Place:

Procurement Department, University of Reading.

Persons authorised to be present at the opening of tenders: no

Section VI: Complementary information

VI.1)Information about recurrence

This is a recurrent procurement: no

VI.2)Information about European Union funds

The contract is related to a project and/or programme financed by European Union funds: no
VI.3)Additional information
VI.4)Procedures for appeal
VI.4.1)Body responsible for appeal procedures
VI.4.2)Lodging of appeals
VI.4.3)Service from which information about the lodging of appeals may be obtained

VI.5)Date of dispatch of this notice:

3.8.2015

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