Award

WSCC - JS - Transition Execution Services (West Sussex Pension Fund) (Norfolk CC - Transition Management and Implementation Services - Lot 2) - AWARD

WEST SUSSEX COUNTY COUNCIL

This public procurement record has 1 release in its history.

Award

02 Jul 2021 at 14:43

Summary of the contracting process

West Sussex County Council is conducting the procurement process for the "WSCC - JS - Transition Execution Services" contract, specifically related to the West Sussex Pension Fund. This contract falls under the industry category of pension fund management services and is based in the United Kingdom. The procurement method used is classified as 'Other' and is currently at the Award stage. The tender period concluded on 19 May 2021, with the contract set to commence on 31 May 2021 and end on 30 September 2021. The award was published on 2 July 2021, with Northern Trust appointed as the successful supplier.

This tender presents a substantial opportunity for businesses engaged in transition management and implementation services, especially those listed on Lot 2 of Norfolk County Council's Framework Agreement. Companies capable of providing pension fund management services and those with experience in executing transition strategies could significantly benefit from this contract. With a contract value of £462,934, this is an excellent prospect for larger firms specialising in this sector to expand their portfolio and establish a long-term relationship with the public sector.

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Notice Title

WSCC - JS - Transition Execution Services (West Sussex Pension Fund) (Norfolk CC - Transition Management and Implementation Services - Lot 2) - AWARD

Notice Description

West Sussex County Council (WSCC) is looking to appoint a Transition Manager during Q1-Q2 of 2021. In November 2020 the Joint Committee which governs the ACCESS Pool decided to add a global equity sub fund and a fixed income sub fund to the Pool. The new sub funds will not be operational until Autumn 2021 and therefore interim arrangements are being put in place to invest in existing managed funds. The objectives of the transition are to: fully redeem the legacy mandates in a cost-effective manner; maintain market exposure throughout; and invest in the funds in line with the specified allocation. This ITT is available to organisations who are listed on Lot 2 of Norfolk County Council's Framework Agreement for Transition Management and Implementation Services (OJEU Ref 2018/S 036-078874) (who are referred to from this point forward as "The Bidders"). This Tender Document contains details of: Background information in relation to the Services. The Council's requirements. The Procurement and Evaluation Process. Instructions for Bidders on how to respond to this Tender Document.

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-26feb4dd-8d79-4cb1-b28d-ba3863f35b8d
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/ea761c4f-6ffd-447e-95fe-672d818b7861
Current Stage
Award
All Stages
Award

Procurement Classification

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

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services


CPV Codes

66141000 - Pension fund management services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
£462,934 £100K-£500K
Contracts Value
Not specified

Notice Dates

Publication Date
2 Jul 20214 years ago
Submission Deadline
19 May 2021Expired
Future Notice Date
Not specified
Award Date
24 May 20214 years ago
Contract Period
30 May 2021 - 30 Sep 2021 1-6 months
Recurrence
Not specified

Notice Status

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

Contracting Authority (Buyer)

Main Buyer
WEST SUSSEX COUNTY COUNCIL
Contact Name
James Skilling (WSCC)
Contact Email
james.skilling@westsussex.gov.uk
Contact Phone
+443302225432

Buyer Location

Locality
WEST SUSSEX
Postcode
PO19 1RQ
Post Town
Portsmouth
Country
England

Major Region (ITL 1)
TLJ South East (England)
Basic Region (ITL 2)
TLJ2 Surrey, East and West Sussex
Small Region (ITL 3)
TLJ27 West Sussex (South West)
Delivery Location
TLJ South East (England)

Local Authority
Chichester
Electoral Ward
Chichester Central
Westminster Constituency
Chichester

Supplier Information

Number of Suppliers
1
Supplier Name

NORTHERN TRUST

Further Information

Notice Documents

Open Contracting Data Standard (OCDS)

View full OCDS Record for this contracting process

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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