Award

Provision of an Investment Consultancy Service for Buckinghamshire

BUCKINGHAMSHIRE COUNCIL

This public procurement record has 1 release in its history.

Award

12 Nov 2020 at 11:05

Award Notice
Summary of the contracting process

Buckinghamshire Council is seeking to procure an Investment Consultancy Service as part of the Local Government Pension Scheme for the Buckinghamshire Pension Fund. This tender is currently in the award stage, with the contract awarded to Mercer Limited for a total value of £677,718. The contract will run from 1st December 2020 until 30th November 2023. Tenders must have been submitted by midday on 24th August 2020. The services are categorised under pension services, with the delivery addresses located in the South East of England.

This procurement offers significant opportunities for businesses in the financial consultancy sector, particularly those with expertise in investment management and local government pension schemes. Small and medium-sized enterprises (SMEs) are encouraged to participate, as the council seeks a diverse range of service providers capable of offering advisory services on investment strategy, asset allocation, and performance monitoring. Establishing a relationship with the Buckinghamshire Pension Fund could lead to further contracts and partnerships within the local government sector.

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Notice Information

Notice Title

Provision of an Investment Consultancy Service for Buckinghamshire

Notice Description

Buckinghamshire Council are using the National LGPS Framework for Investment Management Consultancy Services Primarily in Support of the Local Government Pension Scheme (NCCT41358) LOT 1 - Investment Consultancy Services Buckinghamshire Council is looking to procure Investment Consultancy services. Buckinghamshire Pension Fund (the Fund) is part of the Local Government Pension Scheme (LGPS) and is administered by Buckinghamshire Council. Organisations participating in the Fund include the County Council, Milton Keynes Council, the parish Councils of Buckinghamshire, Thames Valley Police, Buckinghamshire Fire and Rescue Service, and other scheduled and admitted bodies. Teachers, fire fighters and police officers, for whom separate pension schemes apply, are excluded from the Pension Fund. Buckinghamshire Council are looking to appoint an Investment Consultant for their LGPS Buckinghamshire Pension Fund. We would expect the consultants to provide a wide range of advisory services in relation to investment management support services, including, but not limited to the following:- Review of investment strategy including strategic and tactical asset allocation to include a full range of asset classes including alternative investments and emerging products and services; investment beliefs; the use of overlays; risk budgeting; setting appropriate performance targets and benchmarks; research etc. Working with the Fund Actuary to undertake asset liability modelling as required; Working with the Fund Actuary on an on-going basis in respect of the integrated management of fund assets and liabilities; Advising on the Investment Strategy Statement and other statutory policy or reporting requirements including monitoring, reporting and assessment of investment management service providers. The contract will be awarded initially for 3 years with a possibility to extend for a further three years Tenders must be returned via the Buckinghamshire Business Portal. The tender return date is midday on Monday 24th August 2020. Tenders received after this time and date will not be accepted.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-23b3a15f-596e-4d47-9e80-79db57c98ba5
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/22369899-8ea1-45c5-af09-da7c5c63b2b9
Current Stage
Award
All Stages
Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Not Specified
Procurement Method Details
Other -
Tender Suitability
SME
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66520000 - Pension services

Notice Value(s)

Tender Value
£804,000 £500K-£1M
Lots Value
Not specified
Awards Value
£677,718 £500K-£1M
Contracts Value
Not specified

Notice Dates

Publication Date
12 Nov 20205 years ago
Submission Deadline
24 Aug 2020Expired
Future Notice Date
Not specified
Award Date
12 Nov 20205 years ago
Contract Period
1 Dec 2020 - 30 Nov 2023 2-3 years
Recurrence
Not specified

Notice Status

Tender Status
Complete
Lots Status
Not Specified
Awards Status
Active
Contracts Status
Not Specified

Buyer & Supplier

Contracting Authority (Buyer)

Main Buyer
BUCKINGHAMSHIRE COUNCIL
Contact Name
Available with D3 Tenders Premium →
Contact Email
Available with D3 Tenders Premium →
Contact Phone
Available with D3 Tenders Premium →

Buyer Location

Locality
AYLESBURY
Postcode
HP20 1YU
Post Town
Hemel Hempstead
Country
England
Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ1 Berkshire, Buckinghamshire and Oxfordshire
Small Region (ITL 3)
TLJ13 Buckinghamshire
Delivery Location
TLJ South East (England)
Local Authority
Buckinghamshire
Electoral Ward
Aylesbury North
Westminster Constituency
Aylesbury

Supplier Information

Number of Suppliers
1
Supplier Name

MERCER

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

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