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Tender for the provision of Pension Advisory Services
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Descriptions
S4C is looking to appoint a provider of pension services from 5 April 2024 to provide the services described below across its three locations (the “Services”):2.2.1.providing the interface between S4C/its employees and the group scheme and its provider from time to time;2.2.2.dealing with group scheme administration, such as enrolling new members in the group scheme where required by S4C and providing them with scheme documentation and processing changes in members’ personal details or instructions;2.2.3.advising new Employees of S4C on their pension options and processing any pension switches or transfers;2.2.4.providing investment advice to S4C Employee members on their choice of funds within the group scheme and processing any fund switches;2.2.5.providing individual reviews as required, such as existing fund review reports, retirement options reports and lifetime allowance reports;2.2.6.advising and assisting S4C Employee members on their pension options when leaving S4C and processing their options where applicable;2.2.7.advising and assisting S4C Employee members in connection with their retirement from S4C, including advising on the drawing of benefits and processing the payment of benefits;2.2.8.providing general pension regulatory updates to S4C Employees on matters which may affect them;2.2.9.alerting S4C to any pension regulatory changes which may affect it, advising on their implications and assisting with implementing any changes which may be required;2.2.10.ensuring that any group scheme documentation issued to S4C Employees are updated and remain compliant with tax and legislative provisions;2.2.11.assisting S4C Employee members with miscellaneous pension enquiries and assisting in resolving any pension-related problems;2.2.12.assisting S4C with compliance with the auto-enrolment requirements; and2.2.13.from time to time, reviewing and benchmarking the provider of S4C’s group scheme, making recommendations to S4C and assisting with implementing any change of provider.Any reference to ‘advice’ or ‘advising’ in the services above refers to making formal specific recommendations to a member, which would constitute FCA regulated advice.The Services will include attending site visits at all S4C’s offices from time to time, including its offices in Cardiff, Carmarthen and Caernarfon, and conducting one-to-one meetings with S4C Employee members, as well as providing general S4C Employee presentations where appropriate. Written material will include individual written reports as well as issuing standard scheme packs to S4C Employee members. The Services will also include attending meetings with S4C personnel responsible for S4C’s pension matters.The successful provider is not expected to advise S4C Employees in relation to the DB Scheme, but a working knowledge of members’ entitlement under the DB Scheme may be required in order to provide holistic advice to S4C Employee members on their pension situation. For the avoidance of doubt, the successful provider will not be required to provide advice in respect of transfers from the DB Scheme.The successful provider will be required to advise those retiring or leaving S4C on their pension options and on the claiming of benefits, but otherwise will not be expected to advise any members who are no longer employed by S4C.NOTE: To register your interest in this notice and obtain any additional information please visit the Sell2Wales Web Site at https://www.sell2wales.gov.wales/Search/Search_Switch.aspx?ID=138921.
Timeline
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Tender Regions
CPV Codes
66131100 - Pension investment services
66523100 - Pension fund administration services
66522000 - Group pension services
66520000 - Pension services
66523000 - Pension fund consultancy services
66141000 - Pension fund management services
Keywords
pension planning
pension advisory
retirement fund services
group retirement fund
pension fund management
pension administration
pension trustee services
pension scheme services
retirement plan advisory
pension fund services
pension recordkeeping
pension system operation
pension fund advice
pension portfolio
pension scheme operation
corporate pension plans
pension asset allocation
pension fund investing
pension scheme design
pension fund review
employee pension schemes
fund trustee services
pension fund oversight
retirement fund handling
pension consultancy
pension asset management
pension scheme optimization
retirement savings investment
collective pension program
pension compliance consultancy
pension scheme administration
pension investment planning
retirement savings management
strategic pension planning
retirement investment solutions
pension contributions administration
retirement fund oversight
pension disbursement services
organizational pension fund
pension disbursement processing
retirement planning investments
pension regulatory advice
employer-sponsored pension service
group retirement planning
pension payment administration
employee pension services
multi-employer pension services
retirement benefit management
pension compliance management
trustee advisory services
retirement fund management
pension capital management
defined benefit scheme service
workplace pension administration
retirement fund administration
Workflows
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