Award

Cambridgeshire County Council - Independent Investment Adviser to the Cambridgeshire Pension Fund.

LGSS ON BEHALF OF CAMBRIDGESHIRE COUNTY COUNCIL

This public procurement record has 2 releases in its history.

Award

13 Nov 2020 at 10:49

Award Notice
Tender

11 Jun 2020 at 13:23

Tender Notice
Summary of the contracting process

The procurement process involves the Cambridgeshire County Council, specifically LGSS, seeking an Independent Investment Adviser for the Cambridgeshire Pension Fund. The tender, titled "Independent Investment Adviser to the Cambridgeshire Pension Fund," falls under the insurance and pension services industry category. It was published on 11th June 2020, with a tender period that ended on 3rd July 2020. The total contract value is £150,000, and it will run from 1st October 2020 to 30th September 2023. This open procurement procedure aims to gain high-quality independent advice that may challenge existing views held by the Fund's Investment Sub Committee and external advisors.

This tender presents an opportunity for financial consultancy firms, particularly small and medium-sized enterprises (SMEs), to provide their expertise and insights into investment strategies for pension funds. Businesses with strong backgrounds in financial consultancy and experience within the pension sector would be well-suited to compete for this contract, as it requires in-depth knowledge of investment solutions being adopted by similar local government pension schemes. Engaging in this competitive tender can bolster a firm's reputation and expand its outreach within the public sector.

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Notice Information

Notice Title

Cambridgeshire County Council - Independent Investment Adviser to the Cambridgeshire Pension Fund.

Notice Description

Cambridgeshire Pension Fund's investment strategy continues to evolve to meet the Fund's objectives whilst managing an appropriate level of risk. As dictated by the LGPS Investment Regulations, the Fund takes advice from its Investment Consultants Mercer Ltd Whist the ISC receive comprehensive briefing and training from Mercer, in this increasingly complex environment, it is suggested that members would find it beneficial to have a second opinion from an Independent Adviser with industry experience (gained either as a fund manager or a senior LGPS officer). This would provide a different insight into investment solutions and knowledge of what products and solutions are being adopted by other LGPS funds (who are not Mercer clients). The Fund is looking for high quality independent advice, which at times may challenge the views of the Investment Sub Committee, the officers, the investment consultants, external fund managers as well as other service providers to the Fund, and bring a new perspective to the discussion.

Notice Details

Publication & Lifecycle

Open Contracting ID
ocds-b5fd17-67053b6c-70d4-4db9-83ab-af77d899cae1
Publication Source
Contracts Finder
Latest Notice
https://www.contractsfinder.service.gov.uk/Notice/da54b7b9-86cb-48a3-8cca-3bf756b0e4c6
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
SME
Awardee Scale
SME

Common Procurement Vocabulary (CPV)

CPV Divisions

66 - Financial and insurance services

CPV Codes

66171000 - Financial consultancy services

66500000 - Insurance and pension services

Notice Value(s)

Tender Value
£150,000 £100K-£500K
Lots Value
Not specified
Awards Value
£90,000 Under £100K
Contracts Value
Not specified

Notice Dates

Publication Date
13 Nov 20205 years ago
Submission Deadline
2 Jul 2020Expired
Future Notice Date
Not specified
Award Date
22 Oct 20205 years ago
Contract Period
9 Nov 2020 - 8 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
LGSS ON BEHALF OF CAMBRIDGESHIRE COUNTY 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
CAMBRIDGE
Postcode
CB3 0AP
Post Town
Cambridge
Country
England
Major Region (ITL 1)
TLH East (England)
Basic Region (ITL 2)
TLH4 Cambridgeshire and Peterborough
Small Region (ITL 3)
TLH42 Cambridgeshire CC
Delivery Location
TLC North East (England), TLD North West (England), TLF East Midlands (England), TLG West Midlands (England), TLH East (England), TLJ South East (England), TLK South West (England)
Local Authority
Cambridge
Electoral Ward
Castle
Westminster Constituency
Cambridge

Supplier Information

Number of Suppliers
1
Supplier Name

BFINANCE

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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