Closed

Tender for the provision of Pension Advisory Services

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

Published Date :

9th Feb 2024 1 year ago

Deadline :

1st Mar 2024 1 year ago

Contract Start :

N/A

Contract End :

N/A

Tender Regions

Keywords

pension fund investing

retirement fund management

pension portfolio

retirement savings investment

pension asset allocation

pension fund services

retirement investment solutions

pension advisory

pension capital management

retirement planning investments

pension asset management

pension scheme administration

pension investment planning

retirement savings management

pension fund oversight

pension trustee services

retirement fund oversight

pension scheme services

retirement fund services

pension planning

pension administration

retirement benefit management

pension disbursement services

pension system operation

employee pension services

pension scheme operation

retirement fund administration

employee pension schemes

corporate pension plans

multi-employer pension services

group retirement planning

workplace pension administration

employer-sponsored pension service

collective pension program

defined benefit scheme service

organizational pension fund

group retirement fund

pension consultancy

retirement plan advisory

pension fund advice

pension scheme optimization

strategic pension planning

pension scheme design

pension regulatory advice

pension fund review

pension compliance consultancy

trustee advisory services

pension fund management

fund trustee services

pension recordkeeping

pension contributions administration

pension disbursement processing

pension compliance management

pension scheme operations

pension payment administration

retirement fund handling

Tender Lot Details

2 Tender Lots

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Workflows

Status :

Closed

Procedure :

N/A

Suitable for SME :

N/A

Nationwide :

No

Assign to :

Tender Progress :

0%

Details

Notice Type :

CONTRACT

Tender Identifier :

IT-378-246-T: 2024 - 001

Tenderbase ID :

310724019

Low Value :

£100K

High Value :

£1000K

Buyer Information

Address :

Liverpool Merseyside , Merseyside , L13 0BQ

Website :

N/A

Procurement contact

Name :

Tina Smith

Phone :

0151 252 3243

Email :

tina.smith@shared-ed.ac.uk

Possible Competitors

1 Possible Competitors