Financial and insurance services

Tender description

The Council is exploring the option of offering a Shared Cost Additional Voluntary Contributions (AVC) benefit scheme to employees via a fully managed solution (including a compliant system) to facilitate the administration of this scheme. Kirklees Council is exploring the option of offering a Shared Cost Additional Voluntary Contributions (AVC) benefit scheme to employees via a fully managed solution (including a compliant system) to facilitate the administration of this scheme. The online system will be expected to manage the employee application process, provide an employee account overview of ongoing contributions, minimise administration for the Council and increase employee engagement. The Council would expect the provider of the solution to maintain appropriate links with all stakeholders, such as Prudential and West Yorkshire Pension Fund, ensuring compliance with legislation and all parties’ procedures. By offering this benefit, the Council aims to maximise national insurance savings for both employee and employer through a salary sacrifice arrangement. The Council is initially carrying out a preliminary market consultation exercise (PMC). This is not an invitation to tender or a request for formal expressions of interest. The Council, as contracting authority is issuing a request for information only in order to assess the reaction of the market and thus make any potential procurement process more focused and efficient.