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PROCUREMENT OPPORTUNITY

Pension Fund: Investment Consultancy

Isle of Wight Council · Contract details notice on Find a Tender

Tender information last checkedLast checked 5 Oct 2026, 02:03.

Opportunity overview

Short term 12-month investment consultancy contract, based on the terms of the existing contract to allow continuation of services until a full formal tender process can be run and the outcome of the Government's Fit For Future consultation is known including the implications on the Fund's investment advice going forward.

Awarded to

Amounts belong to published awards or contracts. Where several suppliers share one value, it is labelled as shared and is not a supplier-specific allocation.

Hymans Robertson LLP

Matched by number
Contract value
£250k
Awarded
Not supplied
Contract signed
16 Jul 2025
Including VAT
£300k
Award ID
1
Status
active
Identifier
GB-COH OC310282
Location
London, UKI31, EC2Y 5EA, United Kingdom

Classification

No classification was supplied.

Lots

  • Lot 1Value not stated

Documents and notices

Published notice details

Additional information from the published procurement release. Fields appear only when supplied by the source; check the original notice and tender documents before acting.

Scope, procedure and submissions

Id
DN780802
Status
complete
Procurement Method
direct
Procurement Method Details
Direct award
Why this procedure was chosen
The Authority has a contract with Hymans Robertson for the provision of Investment Consultancy Services since 10 July 2018 that is expiring on 9 July 2025 let via LGPS Investment Management Consultancy Services Framework . The average annual spend over this period was £250833.00 (Ex VAT). The Authority intends to direct award a 12 month contract to the current supplier. The Authority is direct awarding to the current supplier as using a different supplier during the middle of the valuation would disrupt continuity and potentially increase costs due to duplication of existing work that has already started, therefore this is the only supplier that can continue with this. The significant changes being proposed by the Government, which need to be implemented by March 2026, do not allow time for a new suppler to gain sufficient depth of knowledge and/or understanding about the Isle of Wight Pension Fund. The Government's proposed timetables for introducing change, with in-principle decisions to be made by September 2025 by the Fund, regarding the Fund's partner investment pool company, also do not allow time to on-board any new supplier and ensure continuity of services.

Legal basis

Id
2023/54
Scheme
UKPGA

Special regime

concession

Procedure reasons

Entry 1
Id
singleSuppliersTechnicalReasons

Lots and requirements

Entry 1
Id
1
Status
complete

Published documents

Entry 1
Id
conflictOfInterest
Document Type
conflictOfInterest
Description
Not published

Buyer, suppliers and contacts

Organisation 1
Name
Isle of Wight Council
Id
GB-PPON-PGYX-7387-YJXG

Identifier

Scheme
GB-PPON
Id
PGYX-7387-YJXG

Address

Street Address
County Hall
Locality
Newport
Postal Code
PO30 1UD
Country
GB
Country Name
United Kingdom
Region
UKJ34

Contact

Roles

buyer

Details

Classifications

Entry 1
Scheme
UK_CA_TYPE
Id
publicAuthoritySubCentralGovernment
Description
Public authority - sub-central government
Organisation 2
Name
Hymans Robertson LLP
Id
GB-COH-OC310282

Identifier

Scheme
GB-COH
Id
OC310282

Address

Street Address
One London Wall
Locality
London
Postal Code
EC2Y 5EA
Country
GB
Country Name
United Kingdom
Region
UKI31

Contact

Roles

supplier

Details

Scale
large
Vcse
No
Public Service Mission Organization
No
Sheltered Workshop
No

Award information

Award 1
Id
1
Status
active
Main Procurement Category
services

Items

Item 1
Id
1
Related Lot
1

Additional Classifications

Entry 1
Scheme
CPV
Id
66141000
Description
Pension fund management services

Delivery locations

Entry 1
Region
UKJ34
Country
GB
Country Name
United Kingdom

Suppliers

Supplier 1
Id
GB-COH-OC310282
Name
Hymans Robertson LLP

Related lots

1

Contracts and changes

Entry 1
Id
1
Award ID
1
Title
Pension Fund: Investment Consultancy
Status
active
Above Threshold
Yes
Date Signed
17 Jul 2025, 00:00

Period

Starts
18 Jul 2025, 00:00
Ends
17 Jul 2026, 23:59

Value

Including VAT
300,000
Amount
250,000
Currency
GBP

Documents

Entry 1
Id
008237-2026
Document Type
contractNotice
Notice Type
UK7
Description
Contract details notice on Find a Tender
Published
29 Jan 2026, 17:14
Format
text/html

Recorded locations

  • Buyer location · Newport · UKJ34 · PO30 1UD · United Kingdom

Notice and amendment history

1 published notice version reviewed by ProcuraAxis.

1 VERSION
  1. 008237-2026Contract details notice on Find a Tender ·