Pension Fund Independent Advisor

Buyer
Somerset Council
Value
£360,000
Closes
8 December 2026
Where
Taunton, the South West
Type
Open tender

In plain English

Somerset Council wants to buy an independent advisory role for its pension fund, filled by a named person. The supplier must provide that individual and show that the person meets the relevant regulations and statutory guidance. The contract is worth £360,000.

What the buyer wants

• Provide a named individual to act as the pension fund's Independent Person, and show that this person meets the regulations and accompanying Statutory Guidance. • Show that the organisation has wider expertise to support the named individual. • If the named individual can no longer meet the contract's needs during the contract period, provide a suitable replacement named individual.

Requirements

What could rule a small business out: The notice requires a named individual who can demonstrate compliance with the regulations and statutory guidance, backed by wider organisational expertise and a replacement if needed, which would likely rule out a small business without a deep bench of pensions governance expertise.

Always check the tender documents.

How to bid

This is an open tender: any eligible business can respond directly to the buyer by the deadline, with no framework membership needed.

Where to apply

The notice doesn't name a website for bids. Ask the buyer how to apply, using the contact on the official notice.

Questions about this tender? Email the buyer at commercialandprocurement@somerset.gov.uk.

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