Appointment of Independent Member/Chair of Dyfed Pension Fund Pension Board

Procurement description

Carmarthenshire County Council, as administering authority of the Dyfed Pension Fund, seeks market views on the procurement of an Independent Member/Chair for the Pension Board.

The Council requires an Independent Member/Chair for the Dyfed Pension Fund Pension Board in accordance with LGPS Governance Regulations 2015. The Board comprises 7 members: 3 Employer Representatives, 3 Scheme Member Representatives, and 1 Independent Member/Chair.

Key responsibilities / Scope:

- Provide leadership and direction to the Pension Board

- Chair quarterly Board meetings and facilitate pre-meetings

- Present reports to Pension Committee meetings

- Ensure compliance with PSPA 2013, LGPS regulations, and Pensions Regulator Code of Practice 14

- Monitor and coordinate Board member training and knowledge requirements

- Represent the Board in Wales Pension Partnership engagement meetings

- Oversee Board effectiveness and governance arrangements

Main category

Services

Delivery regions

• UKL14 - South West Wales

Total value (estimated)

75000 GBP Excluding VAT

90000 GBP Including VAT

Contract dates (estimated)

01 April 2026, 00:00AM to 31 March 2028, 23:59PM

Extension end date (if all the extensions are used): 31 March 2030

Carmarthenshire County Council

Is the total value above threshold?

Below threshold

CPV classifications

• 66131100 - Pension investment services
• 66141000 - Pension fund management services
• 66500000 - Insurance and pension services
• 75320000 - Government employee pension schemes

Delivery regions

• UKL14 - South West Wales

Sustainability

Small and medium-sized enterprises (SME)

Contract start date (estimated)

01 April 2026, 00:00AM

Contract end date (estimated)

31 March 2028, 23:59PM

Extension end date (estimated)

31 March 2030, 23:59PM

Can the contract be extended?

Yes

Engagement process description

The Council seeks market feedback on:

Availability: Whether suitable candidates exist in the market with the required specialist LGPS and pension governance expertise.

Due date

16 January 2026, 23:59PM

Has the engagement period already ended?

No

Publication date of tender notice (estimated)

19 January 2026