Source: https://tendernation.io/opportunities/01a13c73-75cc-709c-a735-bf99d241e17c/provision-of-pension-fund-investments-advisory-service awarded GB open procedure Suitable for SMEs # Provision of Pension Fund Investments Advisory Service [Dorset Council](https://tendernation.io/buyers/dorset-council) Estimated value £160,000 Published 27 Oct 2021 Deadline Closed 18 Nov 2021 ## Who can bid - Buyer says suitable for SMEs The buyer ticked “suitable for SMEs” on the notice. Anyone can still bid. - Buyer says suitable for VCSEs The buyer ticked “suitable for voluntary, community and social enterprises” on the notice. - Open procedure Anyone can submit a full tender; there is no shortlisting stage. [More contracts for small businesses and VCSEs](https://tendernation.io/opportunities/for-small-businesses) ## About this tender Dorset Council ("the Council") is the administering authority for the Local Government Pension Scheme (LGPS) in Dorset which provides pensions and other benefits for employees of the Council, other local authorities and a range of other organisations within the county. The LGPS is a national scheme administered locally and is a 'defined benefit' scheme which means that benefits for scheme members are calculated based on factors such as age, length of membership and salary. Member benefits are not calculated on the basis of investment performance as they would be in a 'defined contribution' scheme. The Council has delegated its responsibilities as an administering authority to the Pension Fund Committee, which consists of five elected members of the Council, three elected members of Bournemouth, Christchurch and Poole Council, and one scheme member representative nominated by the trade unions. Administering authorities are required to maintain a pension fund for the payment of benefits to scheme members funded by contributions from scheme members and their employers, and from returns on contributions invested prior to benefits becoming payable. Contribution levels for scheme members are set nationally, and contribution levels for scheme employers are set locally by actuaries engaged by administering authorities. As at 30 June 2021 the value of the Dorset County Pension Fund ("the Fund") was approximately £3.5 billion. The Council is seeking an organisation that can provide an advisory service to its Pension Fund Committee and officers on all matters relating to the investments of the Dorset County Pension Fund. Read full description ## CPV classification Financial and insurance services Source Contracts Finder (UK) [View official notice](https://www.contractsfinder.service.gov.uk/notice/73aef001-7d67-4fcd-9568-411cd4cc1cab) Never miss a tender like this again Get AI summaries, deadline alerts and a bid pipeline for tenders matched to your business. Free to start. 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