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PROCUREMENT OPPORTUNITY

Investment Pooling Advice

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

Tender information last checkedLast checked 27 Sept 2026, 13:31.

Opportunity overview

Legal advice needed urgently on the 2026 Pension Bill and requirement to pool pension fund investments, via a pool company, with other pension funds. We are in dispute with the investment pool company we wish to join over the status of our participation (shareholder or client only status). We have reached a critical point with KC advice needed but will be in breach of the law on 30 June 2026. The case is complex and we need to retain the lawyer who has worked on this for several months with us whilst she moves law firms (from Gowling to Keystone) on 1 July. This is essential to support the pension committee in critical decisions and reduce risk to the pension fund from its breach of the law and provide a link to KC advice. It will also need to go back to at least the Policy and Finance Committee for a final decision to join the company - and legal input is likely to be crucial to that decision.

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.

Keystone Law

Matched by normalised name
Contract value
£30k
Awarded
Not supplied
Contract signed
30 Jun 2026
Including VAT
£36k
Award ID
1
Status
active
Identifier
GB-PPON PVYG-9218-TXZJ
Location
London, UKI31, WC2A 1JF, 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
DN820766
Status
complete
Procurement Method
direct
Procurement Method Details
Below threshold - without competition

Legal basis

Id
2023/54
Scheme
UKPGA

Lots and requirements

Entry 1
Id
1
Status
complete

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

Name
Lucy Chandler
Telephone
+44 1983821000

Roles

buyer

Details

Classifications

Entry 1
Scheme
UK_CA_TYPE
Id
publicAuthoritySubCentralGovernment
Description
Public authority - sub-central government
Organisation 2
Name
Keystone Law
Id
GB-PPON-PVYG-9218-TXZJ

Identifier

Scheme
GB-PPON
Id
PVYG-9218-TXZJ

Address

Street Address
48 Chancery Lane
Locality
London
Postal Code
WC2A 1JF
Country
GB
Country Name
United Kingdom
Region
UKI31

Contact

Roles

supplier

Details

Scale
large
Vcse
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
79000000
Description
Business services: law, marketing, consulting, recruitment, printing and security

Delivery locations

Entry 1
Region
UKJ34
Country
GB
Country Name
United Kingdom

Suppliers

Supplier 1
Id
GB-PPON-PVYG-9218-TXZJ
Name
Keystone Law

Related lots

1

Contracts and changes

Entry 1
Id
1
Award ID
1
Title
Investment Pooling Advice
Status
active
Has Renewal
Yes
Above Threshold
No
Date Signed
1 Jul 2026, 00:00

Period

Starts
1 Jul 2026, 00:00
Ends
14 Sept 2026, 23:59
Max Extent Date
14 Oct 2026, 23:59

Renewal

Description
1 x month at sole discretion of the Council

Value

Including VAT
36,000
Amount
30,000
Currency
GBP

Documents

Entry 1
Id
061695-2026
Document Type
contractNotice
Notice Type
UK7
Description
Contract details notice on Find a Tender
Published
1 Jul 2026, 12:49
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. 061695-2026Contract details notice on Find a Tender ·