Overview
Lots
The Framework is split across 2 Lots:
- Lot 1 - Additional Voluntary Contribution Services (AVC)
- Lot 2 - Advisory Services in relation to Additional Voluntary Contributions
There are 6 providers on the Framework split across the 2 Lots:
| Provider | ||
|---|---|---|
| Aon Investments Ltd/Aon Solutions UK Ltd | ||
| Barnett Waddingham LLP | ||
| Hymans Robertson LLP | ||
| Legal & General Assurance Society | ||
| Mercer Limited | ||
| The Prudential Assurance Company Limited |
FAQs
The Public Contracts Regulations (PCR) 2015 apply to the AVC Services Framework, including all call-off contracts let via it.
You will need to pay a joining fee to use this Framework. The National LGPS Frameworks are a not-for-profit programme established 'by the LGPS, for the LGPS', and the joining fee helps towards the ongoing support and administration of this Framework.
The joining fee for the AVC Services Framework is £1,000 to join both Lot 1 and Lot 2.
There is no charge to view the documents before you make your decision on whether or not you wish to use the Framework.
The Framework may be used by:
- Any LGPS Administering Authorities as defined in the Local Government Pension Scheme Regulations 2013 (SI 2013/2356) (as amended) including the Firefighters’ Pension Scheme and Police Pension Schemes and any of their participating Employing Authorities, or in relation to the LGPS in Scotland, any Administering Authority and any of their Scheme employers as defined in the Local Government Pension Scheme (Scotland) Regulations 2018 (SSI 2018/141) (as amended);
- NILGOSC in Northern Ireland and Employing Authorities as defined in the Local Government Pension Scheme Regulations (Northern Ireland) 2014 (SRNI 2014/188) (as amended)
- The Board of the Pension Protection Fund; (http://www.pensionprotectionfund.org.uk)
- Any other Administering Authority or organisation of a Public Sector Pension Scheme or any Public Sector body or that requires pension related services;
- Any common asset pool or collective investment vehicle established by or on behalf of an Administering Authority or group of Administering Authorities; or
- Any bodies, organisations or companies established by them for the purpose of operating on a collective basis.
The AVC Services Framework is available until May 2028.
Please remember if you are using a Framework, your contract award must be completed by the expiry date of the Framework (although contracts let under the Framework can be for longer periods).
Contract Term - Lot
Contracts awarded under the Framework may have a maximum total duration of 20 years. No contract awarded from the Framework will be permitted to extend beyond 21 April 2048.
Contract Term - Lot 2
Contracts awarded under the Framework may have a maximum total duration of 4 years. No contract awarded from the Framework will be permitted to extend beyond 21 April 2032.
Further Competition is available through all Lots of this Framework. Direct Award is available via Lot 2 only.
Procurement can take significant time and money both for the awarding Authority and the Service Provider. The National LGPS Frameworks are fully compliant with the Public Contracts Regulations 2015. It reduces the time and costs associated with the procurement process by offering a facility that has already been competitively tendered. It aims to deliver access at the best possible price to high-quality, efficient and effective AVC Services Providers. Benefits include:
- Shortened timescales
- Reduced procurement and legal costs
- Robust and transparent process with high level of due diligence and specialist support
- Agreed Terms and Conditions of contract with providers
- Enable access to specialist providers whose experience and quality has been tested
- Comprehensive user documentation and support from Frameworks team
- Provider ceiling prices established
- Possibility to benefit from cumulative rebate
The following organisations worked together to establish this Framework, supported by the National LGPS Frameworks team, and procurement and legal specialists from Norfolk County Council.
- Cheshire West and Chester Council (As Administering Authority for Cheshire Pension Fund)
- Dumfries and Galloway Council (as Administering Authority of the Dumfries and Galloway Pension Fund)
- City of Wolverhampton Council (as Administering Authority of the West Midlands Pension Fund)
- Glasgow City Council (as Administering Authority of the Strathclyde Pension Fund)
- Leicestershire County Council (as Administering Authority of Leicestershire Pension Fund)