Salary Sacrifice Cost Framework for additional voluntary contributions (SSAVCs)
Buyer: Portsmouth City Council
- Published
- 13 November 2023
- Estimated value
- £35,640,000
- Place of performance
- UK
- Procedure
- Open procedure
- Lots
- 1
- Notice number
- 033430-2023
- Reference
- ocds-h6vhtk-03d31d
- Official source
- Official source
CPV codes
- 66100000Banking and investment services
- 66520000Pension services
Description
Portsmouth City Council ('the council') has established a single supplier Framework agreement for the provision of a Salary Sacrifice Additional Voluntary Contribution (AVC) scheme. The Framework will also be open for access by other UK Public Sector Organisations which include UK Public Sector Bodies, including Central Government, Local Authorities, Health, Police, Fire and Rescue, Education and Devolved Administrations. Portsmouth City Council introduced the first Salary Sacrifice Additional Voluntary Contribution (SSAVC) in the UK and currently delivers the service in house. The Authority are now establishing the framework to enable the service to be delivered by an external provider. SSAVCs are currently available to employers with Local Government Pension Scheme (LGPS) and NHS Pension Scheme members (this may be expanded to other organisations at a later date), and it is an employer's decision whether they implement a scheme. The key advantages are that SSAVC members can achieve significant growth figures on their savings whilst at the same time the employer also makes savings. A full list of Authorities able to access the agreement was published in appendix 1 of the tender do…
Awards
| Awarded to | Amount | Date |
|---|---|---|
| AVC Wise Limited (T/a My Money Matters) | — | — |
Official publications
- FTS · 033430-2023 · 13 November 2023
Other tenders from Portsmouth City Council
- Adult Skills Fund - Preparation for Devolution - PETA Ltd
- Adult Skills Fund - Preparation for Devolution - Itchen Sixth Form College
- Integrated Sexual & Reproductive Health Services (ISRHS)
- RoboK Computer Vision Safety Monitoring System
- City Centre Road Scheme, Portsmouth - Transport, Highways, & ASR Support
- AI Related Apprenticeship Units - Northeastern University London
- Temporary Accommodation - Light Touch Pseudo DPS Liberty Housing Solutions Ltd
- Switched on Portsmouth Freephone
- Portsmouth International Port - Repairs &Maintenance Support Staff and Ancillary Services 2026
- Lakeside - supply of materials for rooftop
Frequently asked questions
- What is the estimated value of this tender?
- The estimated value published by the buyer is £35,640,000.
- Who is the buyer of this tender?
- The contracting authority is Portsmouth City Council (United Kingdom).
- How can I bid for public tenders in the United Kingdom?
- Bids are submitted through the official public procurement portal in the United Kingdom. El Vínculo helps you find tenders and analyse their documents; submission always happens at the official source.
Create a free account and receive new public tenders published in the United Kingdom that match your business, every day.