RFP QuestBeta
Awarded · ResultStage · contract

HIGH SPEED TWO (HS2) LTD

Pension Advisory Services

Financial ServicesCPV 66520000
Value£75k
Awarded30 Oct 2015
Published9 Oct 2015
RegionLondon
Outcome — awarded

This is a contract result notice, not an open opportunity. Details from the official award data.

Contract value in context
£75ktotal contract value
median £150k
this tender£0£4.7m

This sits in the lower-middle of the Financial & Insurance Services band — a mid-scale opportunity. Based on 8,013 valued Financial & Insurance Services tenders in our corpus.

The brief

HS2 Ltd require a provider Firm with Chartered Independent Financial Advice (IFA) status that can supply pensions-specific and broader financial advice to our employees.

We also require a provider who can give technical pensions advice to our Human Resources and Reward specialists.

The summary areas of advice are as follows: a.

Advice to the company on the pension scheme e.g. assessing relevance of the default Fund to demographics; implementation advice re auto enrolment, advice on future regulatory / HMRC changes. b.

Pension advice to employees on their attitude to risk and how to choose a fund portfolio in which to invest their pension saving via the workplace pension plan.

Undertaking employee group briefings and surgery sessions and providing input to employee communications. c.

IFA advice to employees on wider financial topics to help employees manage their and family financial planning / savings, tax management , matters arising from participation in the company’s flexible benefit plan or other such as insurance issues.

It is essential that the provider has the capability and resources to deliver a responsive, on-site service to employees who are located in a number of sites in London and the Midlands.

There is also a need for the provider to demonstrate a track record in providing similar services to organisations of a comparable size to HS2 Ltd that also have a high proportion of professionally qualified employees.

Key requirements

What the supplier must deliver

01

HS2 Ltd require a provider Firm

HS2 Ltd require a provider Firm with Chartered Independent Financial Advice (IFA) status that can supply pensions-specific and broader financial advice to our employees.

02

It is essential that the provider has

It is essential that the provider has the capability and resources to deliver a responsive, on-site service to employees who are located in a number of sites in London and the Midlands.

03

There is also a need for

There is also a need for the provider to demonstrate a track record in providing similar services to organisations of a comparable size to HS2 Ltd that also have a high proportion of professionally qualified employees.

Derived from the notice text — always confirm against the original documents.

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Source & provenance
OCID
48aba256-379f-4b7e-9ac6-b8d689f343fb
Stage
contract · Contract
Source
Contracts Finder
Buyer ref
HS2/377 replaced by HS2/380
View the original notice on Contracts Finder

Contains public sector information licensed under the Open Government Licence v3.0. Source data © Crown copyright.

Market context

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