Awarded contract

Wales Pension Partnership Regulator of Operator Services

Details

Supplier(s)
Waystone
Value
£14,000,000
Topic
Pension investment services
Published
27 September 2024

Tender description

THIS IS A CONTRACT AWARD NOTICE - NOT A CURRENT OPPORTUNITY The Wales Pension Partnership (“WPP”) was established in 2017. The WPP is a collaboration of the eight LGPS funds (“Constituent Authorities”)* covering the whole of Wales and is one of eight national LGPS pools. The eight Constituent Authorities had an existing contract with Waystone Management (UK) Limited to provide regulated third party operator services for WPP. The current contract is due to expire in December 2024. The contracting authority (Carmarthenshire County Council), on behalf of each of the Constituent Authorities, conducted a procurement process to appoint a regulated third party operator for WPP’s ACS sub fund requirements following expiry of that existing contract. *The eight Constituent Authorities are Carmarthenshire County Council (Host Authority), City and County of Swansea Council, City of Cardiff Council, Flintshire County Council, Cyngor Gwynedd, Powys County Council, Rhondda Cynon Taf County Borough Council and Torfaen County Borough Council. For further information in respect of WPP please see the following link – https://www.walespensionpartnership.org/ Further information can be found in the Procurement Documents at https://etenderwales.bravosolution.co.uk/ Lot 1: The Wales Pension Partnership (“WPP”) was established in 2017. The WPP is a collaboration of the eight LGPS funds (“Constituent Authorities”)* covering the whole of Wales and is one of eight national LGPS pools. The eight Constituent Authorities have an existing contract with Waystone Management (UK) Limited to provide regulated third party operator services for WPP. The current contract is due to expire in December 2024. The contracting authority (Carmarthenshire County Council), on behalf of each of the Constituent Authorities, conducted a procurement process to appoint a regulated third party operator for WPP’s ACS sub fund requirements following expiry of that existing contract. *The eight constituent authorities are Carmarthenshire County Council (Host Authority), City and County of Swansea Council, City of Cardiff Council, Flintshire County Council, Cyngor Gwynedd, Powys County Council, Rhondda Cynon Taf County Borough Council and Torfaen County Borough Council. For further information in respect of WPP please see the following link – https://www.walespensionpartnership.org/ Further information can be found in the Procurement Documents at https://etenderwales.bravosolution.co.uk/. For further details on the Wales Pension Partnership please visit the following website: https://www.walespensionpartnership.org/

Timeline

  1. Completed: Award date22 April 2024
  2. Completed: Award published27 September 2024
    Current notice

About the buyer

Carmarthenshire County Council is a local authority serving rural west Wales, buying goods, works and services across the county on behalf of residents. Contracts above the UK procurement threshold appear on Find a Tender Service. Sell2Wales lists smaller opportunities, and registered suppliers receive automatic email alerts there. A Corporate Procurement team runs tendering and guides prospective suppliers through the process. Lower-value work goes through a supplier list run by the council's business engagement team. Community benefits and the Well-being of Future Generations Act shape how contracts are awarded.

UK local government drives £140bn in annual procurement, led by social protection (£66.6bn) and education (£57.1bn).

Over the past 5 years, most of Carmarthenshire County Council's contract awards have been in waste, cleaning and environmental services, architectural and engineering services and research and development.

Relevant CPV codes

  • 66131100 · Pension investment services
  • 66141000 · Pension fund management services
  • 66520000 · Pension services
  • 66522000 · Group pension services
  • 66523000 · Pension fund consultancy services

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