Award

PP18043 - LGPS Central Global Active Equities

LGPS CENTRAL LIMITED

This public procurement record has 2 releases in its history.

Award

10 Sep 2018 at 08:40

Award Notice
Tender

28 Feb 2018 at 14:02

Tender Notice
Summary of the contracting process

The procurement process titled "PP18043 - LGPS Central Global Active Equities" is being conducted by LGPS Central Limited, a private firm responsible for managing pooled assets of regional pension plans. This opportunity falls under the financial services category and is based in Wolverhampton, West Midlands, England. The current procurement stage is at the award phase, with the contract valued at £21,720,000 and running from 1st October 2018 to 28th February 2029. This tender has been awarded within the scope of an open procurement method, with a past tender period that ended on 4th April 2018.

This tender presents substantial opportunities for businesses, particularly for large investment firms that specialise in global active equity management. Companies with a proven track record in responsible investment, transparent cost structures, and innovative investment approaches would be well-positioned to compete for this contract. With the objectives of the LGPS Central pool centred on collaborative investment strategies and risk-sharing among the participating funds, businesses that can demonstrate a robust and repeatable investment process may find this a lucrative opportunity to expand their influence in the asset management sector.

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Notice Information

Notice Title

PP18043 - LGPS Central Global Active Equities

Notice Description

LGPS Central Limited is a private company, owned by its investors, responsible for the pooling of nine regional pension plans investments, responsible for AUM in the region of PS40 Billion. The company was FCA approved in January 2018. The key objectives of the LGPS Central pool are to: - meet the investment objectives of the partner funds - establish a collaborative platform through which administering authorities of the partner Funds can aggregate their pension assets, with a view to providing scale economies and improved investment efficiency - create capacity to invest in asset classes which individual funds may find difficult to access - stimulate innovation, and provide an opportunity for funds to engage with the investment industry in finding new and creative approaches to the funding challenges faced by the LGPS (and the wider pensions sector) - act as a responsible, long-term investor, using its influence as a shareholder to promote the highest standards of corporate stewardship The company is looking for global active equity managers to manage a fund in the region of PS2.5 Billion. Successful candidates will be able to demonstrate: - consistent, robust, repeatable, investment process - responsible investment at the heart of the investment process - concentrated portfolio - low, fully transparent costs - full transparency (look through) with the ACS custodian. Additional information: The partnership is made up of the local authority pension schemes of Cheshire, Derbyshire, Leicestershire, Nottinghamshire, Staffordshire, Shropshire, West Midlands, Worcestershire & West Midlands ITA. The opportunity can be found at www.wolverhamptontenders.com where all bids must be submitted. Please ensure you allow sufficient time to upload your submission. Any queries must also be directed via the portal.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-2ba9f2ea-0b05-4eae-bf83-3822c6bc00b1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/4387b231-0e53-4c38-a519-89488af0183d
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Open procedure
Tender Suitability
Not specified
Awardee Scale
Large

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66000000 - Financial and insurance services

Notice Value(s)

Tender Value
£37,000,000 £10M-£100M
Lots Value
Not specified
Awards Value
£21,720,000 £10M-£100M
Contracts Value
Not specified

Notice Dates

Publication Date
10 Sep 20187 years ago
Submission Deadline
4 Apr 2018Expired
Future Notice Date
Not specified
Award Date
23 Aug 20187 years ago
Contract Period
30 Sep 2018 - 28 Feb 2029 Over 5 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
LGPS CENTRAL LIMITED
Contact Name
Jessica Prince
Contact Email
jessica.prince@wolverhampton.gov.uk
Contact Phone
+44 1902556556

Buyer Location

Locality
WOLVERHAMPTON
Postcode
WV1 1RL
Post Town
Wolverhampton
Country
England
Major Region (ITL 1)
TLG West Midlands (England)
Basic Region (ITL 2)
TLG3 West Midlands
Small Region (ITL 3)
TLG39 Wolverhampton
Delivery Location
TLG West Midlands (England)
Local Authority
Wolverhampton
Electoral Ward
St Peters
Westminster Constituency
Wolverhampton West

Supplier Information

Number of Suppliers
3
Supplier Names

NGAM

SCHRODER INVESTMENT MANAGEMENT

UNION INVESTMENT

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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